Telefonica Czech Shareholders Approved $2.1 a Share Dividend

Telefonica Czech Republic AS (SPTT) shareholders approved a dividend payout of 40 koruna ($2.1) a share, of which 13 koruna represents a share-capital reduction, company spokesman Hany Farghali said in an e-mail today.

The shareholders also approved today a potential share buyback of as much as 10 percent of the company’s shares, Farghali said.

Prague-based Telefonica Czech, the country largest phone operator, is controlled by Spain’s Telefonica SA. (TEF)

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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