ISTANBUL: Turk Telekom has no plans to take on new debt and aims to keep capex spending to a minimum under a new five-year strategy as it focuses on paying out dividends.
“We are not going to borrow for our business plan,” Chief Executive Paul Doany said. “I need the right capex on the fixed line. I have to be very efficient, cost effective.”
Turk Telekom aimed to keep its net debt at two times EBITDA as it seeks to continue to pay out dividends.
The net debt to EBITDA ratio would be 1.5, and maximum it is 2.5, if it is a dividend-paying company.
Print
Send to Friend
ISTANBUL: Turk Telekom has no plans to take on new debt and aims to keep capex spending to a minimum under a new five-year strategy as it focuses on paying out dividends.