Brief: Cyfrowy Polsat Aims To Restore Potential To Pay Dividends By 2030 - Strategy
BRIEF-Cyfrowy Polsat Aims To Restore Potential To Pay Dividends By 2030 - Strategy Oct 29 (Reuters) - Cyfrowy Polsat SA CPS.WA:
GROUP ANNOUNCES UPDATED STRATEGY FOR 2027–2030+
UNDER STRATEGY TO SEEK SALE OF NON-CORE ENERGY AND REAL ESTATE ASSETS, WITH PROCEEDS FIRST USED TO PAY DOWN DEBT
UNDER STRATEGY PLANS PARTNERSHIPS WITH CELLNEX, VODAFONE, YOUTUBE, GOOGLE CLOUD TO SUPPORT TMT STRATEGY
AIMS TO RESTORE POTENTIAL TO PAY DIVIDENDS BY 2030
TARGETS AVERAGE ANNUAL INCREASE IN TMT EBITDA OF 4–6% FROM 2029 TO 2034
EXPECTS TMT CAPEX TO REVENUE RATIO OF 6-8% FROM 2027 ONWARDS
AIMS TO REDUCE NET DEBT TO EBITDA RATIO BELOW 2.5X BY 2030
Source text: ID:nEM6wbPHYa
Further company coverage: CPS.WA
(Reporting by Gdansk Newsroom)
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