CEO: Rostelecom not to change dividend policy after Tele2 deal

SOCHI, Oct 17 (PRIME) -- Russian state-controlled telecom operator Rostelecom does not plan to revise its dividend policy after consolidation of mobile operator T2 RTK Holding, working as Tele2, Rostelecom President Mikhail Oseyevsky told reporters on Thursday.

“The management does not plan it,” Oseyevsky said.

Media reported in July that Rostelecom may switch to paying interim dividends for January–June instead of paying for three quarters and a whole year like it did in 2018, and the move would keep flexibility in the financial policy amid the coming consolidation of Tele2.

Rostelecom paid its first interim dividends of 2.5 rubles per share for January–September 2018. The final dividends for 2018 of the same amount were approved by the holders in mid-June.

(64.3455 rubles – U.S. $1)

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