Pursuant to art. 56, clause 1, item 1 of the Law of July 29, 2005 on public offering and the conditions for introducing financial instruments to the organised trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539, with amendments), the Management Board of Telekomunikacja Polska S.A. (“TP S.A”, “TP”) hereby provides selected financial and operating data related to the activities of TP Group for the full year ended December 31, 2008.
TP Group reports results for full year 2008 within guidance
• Stable 2008 full year revenue, with fourth quarter seeing growth in fixed wholesale, broadband and mobile
• Broadband total customer base up 13.5% year-on-year , outperforming the market
• Mobile customer base maintained, thanks to good momentum in post-paid
• Stable GOM rate, despite Polish zloty depreciation in the fourth quarter
• Net debt reduced by PLN 1 billion, thanks to Strong Net Free Cash Flow generation, up to 29% of revenue in the fourth quarter
• Proposed shareholder remuneration: PLN 2 billion, or PLN 1.5 per share with potential additional cash distribution to be decided in the first half of 2009
• Objectives for 2009: Net Free Cash Flow generation not lower than PLN 3 billion with Capex in the 12%-14% of revenue range
view the full report in PDF (255 KB)