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Hungary’s Magyar Telekom decides to appease investors with dividend

Hungary’s Magyar Telekom decides to appease investors with dividend

BUDAPEST: Hungary’s leading telecommunication service provider, Magyar Telekom has planned to make its investors happy by paying them dividend in 2016 after a two-year interval. However the answer is not clear yet that how much they are going to pay.

The intention, however, definitely sends a message to shareholders: in view of the current operating, regulatory and taxation environment and outlook coupled with the anticipated significant improvement in its free cash flow generation MTel’s management believes dividend payment will be possible again in the following years.