1/31/2008

Poland's TPSA will complete 700 mln zlotys share buyback in H2 - CFO

Poland's largest phone company TPSA expects to complete a 700 mln zlotys share buyback in the second half of this year, Chief Financial Officer Benoit Merel told a conference call with journalists.

TPSA, a unit of France Telecom (NYSE:FTE) , will hand back to shareholders 2.75 bln zlotys, or 2.01 zlotys per share, in share buyback and dividend, Merel added.

He also said the local telecommunication market should start growing again this year, correcting the statement made earlier that the growth is unlikely before 2009.
Source: By Piotr Skolimmowski, money.cnn.com



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