CEO: Rostelecom to resume paying interim dividends in 2020

MOSCOW, Mar 3 (PRIME) -- Russian state-controlled telecom operator Rostelecom plans to resume payment of dividends twice a year in 2020, President Mikhail Oseyevsky told reporters on Tuesday.

“We said at the end of last year that the special feature of the situation was a serious financial burden related to our acquisitions. On the whole, we’d like to return to the practice…and hope nothing will stop us from getting back to paying dividends twice a year,” Oseyevsky said.

The top manager said in November 2019 that Rostelecom would not pay interim dividends for January–September 2019 because of the need to invest much in consolidation of mobile operator Tele2.

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