Tuesday, April 24, 2007

UPDATE 2-Telekom Austria to raise debt for returns, growth

(Reuters) - VIENNA, April 24 - Telekom Austria will continue to pay out two-thirds of its profit as dividends in the next four years, and will raise fresh debt to fund investments on the Balkans and share buybacks, it said on Tuesday.

New Chief Financial Officer Hans Tschuden told fund managers and analysts at a meeting in the Croatian seaside resort Dubrovnik he planned to pay out 1.4 billion euros in dividends from 2007 to 2010, keeping the payout ratio at 65 percent of net profit.


Read more at Reuters.com Bonds News

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