As expected, the Cesky Telecom AGM approved gross dividends of CZK 5.5bn or CZK 17 per share yesterday. Note that the dividend record date is proposed for July 9, 2004 and dividends should be paid out by October 20.
Separately, Eurotel, CT's 100%-owned subsidiary, asked its auditor PWC for an extraordinary audit of some contracts signed by the previous management to determine whether they were in line with company policy. The audit should be completed within two months. Source: Bloomberg.
Jan Hajek