Cesky Telecom - Entwicklung - 500 Beiträge pro Seite

[Roaddog]

am 24.02.06 wird es ein analysten-meeting bzgl. cesky telecom geben.

infos unter: www.telecom.cz (auch in englisch)

mal sehen, ob das meeting impulse gibt!

infos gibts z.t. auch unter:

www.pse.cz (hp der prager börse - auch in englisch)
www.akcie.cz (tschechisches trader-board)

gruss - roaddog

[Roaddog]

Betreff: Dividende Quelle: www.telecom.cz


ČESKÝ TELECOM’S BOARD OF DIRECTORS INTENDS TO PROPOSE A DIVIDEND PAYMENT OF CZK 45 PER SHARE (23.02.2006)
The Board of Directors of ČESKÝ TELECOM intends to propose at the Annual General Meeting which is to be held at the end of April 2006 a dividend payment of CZK 45 per share, i.e. total amount of CZK 14,494,046 thousand with the payment in the second half of 2006. This represents the distribution of the full 2005 net profit and retained earnings of the previous periods. This proposal reflects the situation where no dividends were distributed for the previous financial year and the Company’s generation of profit and strong free cash.


Martin Zabka
Spokesperson

ČESKÝ TELECOM, a. s., member of the Telefónica Group is the leading telecommunications company in the Czech Republic. Through its subsidiary company Eurotel Praha, spol. s r.o., it also has a significant presence in the Czech mobile services market. Further information about the firm and the services it offers is available at www.telecom.cz, which was rated as BestWeb 2003 in the WebTop100 survey.

Signum Temporis has consistently awarded ČESKÝ TELECOM for being one of the domestic capital market`s most transparent firms in terms of providing information. Based on an open vote of specialists, members of the press and a nine-member committee, ČESKÝ TELECOM placed first in 2003, just as it did in 2001.

ČESKÝ TELECOM ranks among the most prominent firms on the Czech capital market in terms of capitalization and trading volumes. Its shares are also traded on the London Stock Exchange in the form of GDRs. ČESKÝ TELECOM`s credit rating is the highest a Czech corporation can receive from top international rating agencies.

About Telefónica

Telefónica is one of the largest telecommunications companies in the world in terms of market capitalisation. Its activities are centered mainly on the fixed and mobile telephony businesses with broadband as the key tool for the development of both.

The company has a significant presence in 19 countries and a customer base that amounts more than 180 million accesses around the world. Telefónica has a strong presence in Latin America, where the company focuses an important part of its growth strategy.

Telefónica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4,921,130,397 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, Paris, Frankfurt, Tokyo, New York, Lima, Buenos Aires and São Paulo.

[ivushka]

hallo ,

die zahlen mit gewinnmeldung kamen gestern erst nach 17,30 uhr an die öffentlichkeit - mit der begründung ,damit donnerstagskurs und börsenhandel nicht viel beinflusst ist.

[Roaddog]

Annual General Meeting April 27, 2006 at 13:00 in Top Hotel Prague – you can download the full text of Notice of general meeting here
Proposal from Board of Directors for amendment to the Articles of Association: you can download clean version here, you can download version with highlighted proposed amendments here.

unter www.telecom.cz

[Roaddog]

RESULTS OF ČESKÝ TELECOM’S REGULAR GENERAL MEETING

This year’s regular general meeting of the shareholders of ČESKÝ TELECOM, a.s., took place on April 27, 2006 in Prague. Shareholders holding more than 72 % of the company’s shares took part; therefore, the general meeting had a quorum.

ČESKÝ TELECOM’s highest corporate body approved the company’s regular financial statements and consolidated financial statements for 2005 according to International Financial Reporting Standards (IFRS), recommended for approval by the Board of Directors. Both financial statements were audited by Ernst & Young.

According to the financial statements for 2005, the company recorded a consolidated profit of CZK 6.248 billion and an unconsolidated net profit of CZK 7.164 billion.

The general meeting approved the Board of Directors’ proposal regarding the payment of dividends from the net profit from 2005 in the amount of CZK 6.782 billion and from the retained net profit from previous years in the amount of CZK 7.712 billion, i.e. a total of CZK 14.494 billion. This represents dividend per share in the amount of CZK 45 before taxation. September 25, 2006 has been set as the decisive day for the payment of dividends; dividends will be paid on October 2, 2006. The proposed amount of the dividends ensues from a thorough analysis of the company’s past results, the current state of its balances, and expected future results for the company. The company’s Board of Directors expects that a continuously strong development of cash flows in 2006 will enable it to pay dividends in the full amount from its own resources without necessitating further debts.

The general meeting conveyed its agreement with the transfer of all assets and liabilities of Eurotel Praha, spol. s.r.o. to ČESKÝ TELECOM, a.s., and approved a proposal for a transfer between ČESKÝ TELECOM and Eurotel concerning the transfer of assets. In connection with the decision on the transfer of assets, the general meeting approved ČESKÝ TELECOM’s regular financial statement for 2005, verified by an auditor, as the final financial statement in the sense of the applicable laws of the commercial code and ČESKÝ TELECOM’s initial balance calculated up to January 1, 2006 and verified by an auditor.

The general meeting approved an amendment to the company’s Articles of Associations, as proposed by the Board of Directors. A considerable part of the proposed amendment concerns the change of the majority shareholder last year and modern trends in the company’s management/administration. Part of these changes follow from recommendations by renowned domestic and foreign authorities. By the approval of an amendment to the statutes the so-called “golden shares”, which used to belong to the National Property Fund, lost their special rights. Now the rights associated with their possession are identical with the rights associated with ordinary shares. The most noticeable change is the company’s new corporate name, Telefónica O2 Czech Republic a.s., which is connected with the planned consolidation of ČESKÝ TELECOM and Eurotel into one integrated operator.

Other amendments are related to changes in legal regulatives, especially in legal amendments to electronic communications.

The general meeting recalled the following members of the Supervisory Board: Javier Aguilera Arauzo, Antonio Pedro de Carvalho Viana-Baptista, José María Álvarez-Pallete López, and Santiago Javier Fernández Valbuena. The Supervisory Board elected the following new members: Catherine Jane Keers, Peter Anthony Erskin, Gerhard Franz Mayrhofer and Sohail Qadri. The brief curriculum vitae of each new member of the Supervisory Board are in the appendix to this press release.

The general meeting also approved changes to the rules of compensation of the members of the Board of Directors of ČESKÝ TELECOM in such a way that it abolished motivational compensation for the members of this administrative body of the company (approved by the regular general meeting of June 24, 2004). This part of the rules for compensation constituted special motivational compensation related to the privatisation of the company. Following its completion in June of last year, this compensation ceased to be relevant. Other elements of compensation for the members of the Board of Directors remain valid.

The general meeting also decided on the amount of the annual remuneration for members of the Board of Directors and for members of the Supervisory Board and approved the closing of an agreement on the performance of Supervisory Board member responsibilities with the new members of the Supervisory Board, that is, with those who were elected into this organ at this general meeting.

For further information, please contact:
MARTIN ŽABKA
Press Spokesman
Tel: [phone]
Fax: [phone]
e-mail:[e-mail]