Ministry wants dividends from Telekom

THE TRANSPORT Ministry would like dominant fixed-line operator Slovak Telekom (ST), in which it holds a 34 percent stake, to pay out dividends from the company's retained profits.

According to ministry spokesman Tomáš Šarluška, the ministry will cooperate with national privatization agency FNM, which has 15 percent stake in ST, in demanding the payment of 70 percent of the company's retained profit, the Hospodárske noviny wrote.

According to Ján Kondáš from ST, the company has Sk6.1 billion on its account from past profits.

ST's majority shareholder is Deustche Telekom, which has a 51-percent stake.

Compiled by Martina Jurinová from press reports
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