Cesky Telecom’s CFO repeated that, based on the accounting view, a maximum of CZK 9.3bn or CZK 29 / share can be distributed to investors this year. Note that, based on the approved dividend policy assuming 50-70% of consolidated net income, dividends may reach CZK 8.5 -12 / share. The dividend must be approved by a general meeting. This year’s AGM is set for June 23.
Separately, Eurotel estimates that 2% of mobile users will take advantage of the mobile number portability based on the European average. Nevertheless, the entry of Vodafone into the market via acquisition of Oskar may increase competition, and the company may take mobile number portability as an opportunity to increase Oskar’s market share, which is currently estimated at 17%. The company expects CAPEX into mobile number portability to amount to CZK 200 – 400m and should come into effect at the beginning of 2006.