ST dividends to cover media debts

THE COUNCIL of economic ministers, a senior cabinet body, has recommended over Sk700 million ($15 million) in debts at the state television (STV) and radio (SRo) channels be paid from dividends from the state's stake in the ST telecom operator.

The state owns 49 per cent in ST, whose majority shareholder, Deutsche Telekom, has agreed to pay out 41 per cent of last year's disposable profit in dividends.

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