Key Developments: Telefonica Czech Republic as (TFATF.PK)
14.25USD
17 May 2013
$-0.26 (-1.81%)
$14.51
$14.25
$14.25
$14.25
450
276
$20.25
$13.50
Latest Key Developments (Source: Significant Developments)
Telefonica Czech Republic as Approves Dividend for 2012 FY of CZK 30 per Share-Reuters
Reuters reported that Telefonica Czech Republic as’s shareholders approved the 2012 fiscal year dividend of CZK 30 per share, what includes a dividend for the 2012 fiscal year of CZK 20 per share and CZK 10 per share as the share premium reduction. Last year (the 2011 fiscal year dividend payment), the payout was CZK 40 per share, in part paid from a reduction in registered capital. Full Article
Telefonica Czech Republic as to Propose Dividend for 2012 FY-Reuters
Reuters reported that Telefonica Czech Republic as plans to propose the 2012 fiscal year payment to its shareholders of CZK 30 per share, what includes a dividend for the 2012 fiscal year of CZK 20 per share and CZK 10 per share as the share premium reduction. Full Article
Telefonica Czech Republic as to Cut up to 10% of staff in 2013 - Reuters
Reuters reported that Telefonica Czech Republic as plans to cut up to 10% of its 5,862 staff this year (2013) as it adapts to a competitive market. The cuts will take place throughout the 2013 year and across the Company, the Company’s spokesman Mr. Hany Farghali said. The Czech unit of the Spain's Telefonica has struggled with lower revenue as the domestic consumer market weakens and prices pressures from competition grow. Full Article
Standard & Poor’s Affirms Telefonica Czech Republic as at BBB/A-2; Outlook Negative
Standard & Poor’s announced that on December 20, 2012 it affirmed its BBB long-term and A-2 short-term ratings on Telefonica Czech Republic as. At the same time, the agency removed all ratings from CreditWatch where it had placed them with negative implications on October 12, 2012, in the wake of the downgrade of its sovereign ratings on Spain to BBB-/A-3. The outlook is negative. Full Article
Telefonica Czech Republic as Announces Change on Its Chairman of Supervisory Board’s Post
Telefonica Czech Republic as announced that at the latest meeting of the Supervisory Board Mr. Jose Maria Alvarez-Pallete resigned from his office of Chairman and Member of the Supervisory Board due to his transfer to the office of Chief Operating Officer of Telefonica Group. The Supervisory Board elected Ms. Maria Eva Castillo Sanz, current member and Chief Executive Officer of Telefonica Europe, its new Chairman of the Supervisory Board. Full Article
Ceske Radiokomunikace Demands CZK 3,100 Million From Telefonica Czech Republic as-Reuters
Reuters reported that Czech telecommunications company, Ceske Radiokomunikace, is suing Telefonica Czech Republic for damages worth CZK 3,100 million (USD 167.28 million) for abusing its dominant position through a "margin squeeze". Full Article
Telefonica Czech Republic as Announces Change on Post of Director of Finance Division
Telefonica Czech Republic as announced that its Director of Finance Division and First Vice Chairman of the Management Board, Mr. Jesus Pereze de Uriguena, resigned from his post, effective July 31, 2012. Following this, the Company’s Supervisory Board appointed Mr. David Sanchez-Melcon Frieru to the Management Board and as Director of Finance Division of Telefonica Czech Republic as, with effect from August 1, 2012. Full Article
Telefonica Czech Republic as to Pay FY 2011 Dividend of CZK 27 per Share, to Distribute CZK 13 per Share as Capital Reduction; Plans Share Repurchase - Reuters
Reuters reported that the General Meeting of Shareholders of Telefonica Czech Republic as approved the annual dividend payment for the 2011 fiscal year of CZK 27 per share, versus CZK 40 of the 2010 fiscal year dividend. In addition the Company approved extra CZK 13 per share via a capital reduction to match the previous payout. The capital reduction payment is to be made in November 2012 at earliest. The 2011 dividend’s record date was set to September 12, 2012 and payment to October 10, 2012. In addition, the Company’s Management considers share repurchase programme to buy back up to 10% of the shares. Further details were not disclosed. Full Article
Telefonica Czech Republic as Plans Dividend Payment-Reuters
Reuters reported that Telefonica Czech Republic as plans to return CZK 40 per share to shareholders via a dividend and a capital reduction. The Company said it would propose a CZK 27 crown dividend per share, versus CZK 40 a year ago, but would add extra CZK 13 via a capital reduction to match the previous payout. Full Article
Telefonica Czech Republic as and Samsung C&T Corp Open Joint Shop-Telecompaper Europe
Telecompaper Europe reported that Telefonica Czech Republic as and Samsung C&T Corp have opened a joint shop in a shopping centre in Prague. Besides the usual offer of O2 products and services, part of the space is reserved for Samsung C&T Corp products. From February 9, 2012 to February 10, 2012, the Samsung Galaxy Nexus will be available for CZK 9,995 (standard price is CZK 13,595) for the first 25 customers. Customers will compete for two Samsung Galaxy Y phones by answering two simple questions ahead of an evening draw. Everybody who purchases a Samsung phone during the promotion will get free mobile internet for three months. Full Article
UPDATE 1-Czech Telefonica unit Q1 net profit down 35 pct
* Profit drops on competition, lower prices, one-off factors
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
