• Most Popular
  • Most Shared

Magyar Telekom gets 38 mln euro Montenegrin divi

Wed Jun 17, 2009 8:42am EDT

BUDAPEST, June 17 (Reuters) - Magyar Telekom MTEL.BU will get 38.3 million euros in extra dividend from its Montenegrin unit following a decision at an extraordinary general meeting on Wednesday, the company said.

"Based on today's Extraordinary General Meeting decision, Crnogorski Telekom is paying out EUR 50 million extraordinary dividend to its shareholders," it said in a statement.

"Magyar Telekom, which has a 76.53 percent stake in the company, is entitled to an extraordinary dividend payment of approximately EUR 38.3 million," it said.

At 1236 GMT, Magyar Telekom stock traded down 0.7 percent at 602 Hungarian forints on the Budapest Stock Exchange, outperforming a 1.4 percent decline in the wider market . (Reporting by Gergely Szakacs, editing by Will Waterman)



More from Reuters

Photo

Treasury to seek easing of bailout fund rules

WASHINGTON (Reuters) - The Treasury Department will ask Congress to ease restrictions on the use of bank bailout funds so it can use some of the money to encourage more lending to small businesses, a department official said on Wednesday.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
Cannabis sativa plant is seen in Buenos Aires, August 21, 2009. REUTERS/Enrique Marcarian
Commentary:

Obama, drugs, common sense

American attitudes towards drug prohibition – and above all, punitive laws on marijuana – are changing too fast for policymakers and legislators to ignore, writes columnist Bernd Debusmann.  Commentary 

U.S.