TDE.L Regulatory News (TDE)

23 Feb 2006 16:40

Cesky Telecom A.S.23 February 2006 > PRESS RELEASE - 23. 02. 2006> CESKY TELECOM'S BOARD OF DIRECTORS INTENDS TO PROPOSE A DIVIDEND PAYMENT OF CZK 45 PER SHARE The Board of Directors of CESKY TELECOM intends to propose at the Annual GeneralMeeting which is to be held at the end of April 2006 a dividend payment of CZK45 per share, i.e. total amount of CZK 14,494,046 thousand with the payment inthe second half of 2006. This represents the distribution of the full 2005 netprofit and retained earnings of the previous periods. This proposal reflects thesituation where no dividends were distributed for the previous financial yearand the Company's generation of profit and strong free cash. For further information, please contact:MARTIN ZABKAPress SpokesmanTel: +420 271 463 359Fax: +420 271 469 896e-mail: tiskovy.odbor@ct.cz CESKY TELECOM, a. s., a member of the Telefonica Group, is the leadingtelecommunications company in the Czech Republic. Through its subsidiary companyEurotel Praha, spol. s r.o., it also has a significant presence in the Czechmobile services market. Further information about the firm and the services itoffers is available at www.telecom.cz, which was rated as BestWeb 2003 in theWebTop100 survey. Signum Temporis has consistently awarded CESKY TELECOM for being one of thedomestic capital market's most transparent firms in terms of providinginformation. Based on an open vote of specialists, members of the press and anine-member committee, CESKY TELECOM placed first in 2003, just as it did in2001. CESKY TELECOM ranks among the most prominent firms on the Czech capital marketin terms of capitalization and trading volumes. Its shares are also traded onthe London Stock Exchange in the form of GDRs. CESKY TELECOM's credit rating isthe highest a Czech corporation can receive from top international ratingagencies. About Telefonica Telefonica is one of the largest telecommunications companies in the world interms of market capitalisation. Its activities are centered mainly on thefixed and mobile telephony businesses with broadband as the key tool for thedevelopment 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. Telefonica has astrong presence in Latin America, where the company focuses an importantpart of its growth strategy. Telefonica is a 100% listed company, with more than 1.5 million directshareholders. Its share capital currently comprises 4,921,130,397 ordinaryshares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao andValencia) and on those in London, Paris, Frankfurt, Tokyo, New York, Lima,Buenos Aires and Sao Paulo. This information is provided by RNS The company news service from the London Stock Exchange