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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (42613)	5/13/2011 12:08:36 AM
From: Shane M	of 78863

TEO - I was not aware that they are planning to suspend/lower dividend Jurgis, I'm going from memory, but I'm pretty sure I read something like that in the conference call notes from several months back. The dividend is huge in TEO, so I'm not sure how much they were talking, but they talked about it in context of buying spectrum for future growth. IF you check seeking alpha they probably have the transcript still up. My interpretation was business was good and they were expanding when opportunities presented, but in the U.S. we're not really used to big dividend cos. being growth companies too, so it's a little odd to hear them talk about using some of the dividend to fund growth.

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