Press Releases

Budapest, May 26, 2011 16:00

Magyar Telekom's subsidiary, Crnogorski Telekom A.D. Podgorica, has held its Shareholders Assembly today and made a decision on a total dividend payment of EUR 18 million (around HUF 4.9 billion at the May 25, 2011 HUF/EUR exchange rate of 270.5) for the financial year 2010.

According to Montenegrin Accounting Standards, on a standalone basis, Crnogorski Telekom recorded a net income of EUR 19.4 million for 2010. In line with the decision of the Shareholders Assembly EUR 18 million will be distributed as dividends. Magyar Telekom, which has a 76.53% stake in the company, is entitled to a dividend payment of approximately EUR 13.8 million (HUF 3.7 billion).