Spectator on facebook

Spectator on facebook

SLOVAKIA NEEDS MORE COMPETITION, SAYS EC

Slovak Telekom to pay out Sk3 billion in dividends

SLOVAKIA’s dominant fixed-line operator, Slovak Telekom (ST), is to pay out Sk3 billion in dividends to its shareholders. The decision was made by its annual general meeting on April 30, the SITA newswire reported on May 1.

SLOVAKIA’s dominant fixed-line operator, Slovak Telekom (ST), is to pay out Sk3 billion in dividends to its shareholders. The decision was made by its annual general meeting on April 30, the SITA newswire reported on May 1.

The government’s privatis-ation agency, the National Property Fund, which controls 15 percent of ST, will receive Sk450 million. The Economy Ministry (which holds a 34-percent share), will receive Sk1.02 billion. The company will pay Sk1.53 billion to its majority shareholder, Deutsche Telekom AG, which holds 51 percent.

The annual general meeting also set a deadline for payment of the dividend of October 31, 2008, with shareholders receiving half by the end of May. Shareholders also approved the annual financial statement for 2007. They agreed to change the company’s statutes, extending the term in office for members of the board of directors and of the supervisory board from four to five years.

Topic: IT


Top stories

Jaguar plant in Nitra will be bigger

The carmaker plans to add a new facility and employ more people.

Jaguar Land Rover plant near Nitra is under construction

Government members met at a distance

The session had only one point on its programme: the mandate for the prime minister to meet with the French president.

It’s not easy to be friends with Fico

Will Andrej Danko take the government down with him?

Andrej Danko

Bankers adjust to customers’ habits

More people will be coming to banks for advisory.