RadioMobil will pay 85% of profit in dividends in the future

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Investiční bankovnictví KB

      Ceske Radiokomunikace and Deutsche Telecom have agreed on dividend policy of their JV RadioMobil. Based on an updated shareholder agreement. RadioMobil should distribute 85% of its net profit as dividends, if its financial situation allows it. However, the company said that it does not expect to pay dividends in next two years.

      

       The decision not to pay dividends in next two years is in line with our expectations. RadioMobil will need financial sources to cover UMTS investments amounting billion of crowns. RadioMobil will have to tap the bond market to raise additional funds. From this point of view, we rate the decision to reinvest profits as correct.

      

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.