Etude de l'AG du 17/05/2017
We approve the proposed dividend of €0.44. Although not covered by free cash flow, the payout ratio is relatively low.
Under the 2017 remuneration policy, the Company has the possibility to implement a variable compensation scheme for its executive directors. The current fixed-only structure is contrary to best practice as it does not compensate executives for longterm performance.
Iliad is an operator in the French internet access & telecommunications markets. Co. divides its operations into three business segments: Broadband, Traditional Telephony, and Retail Telecom. Broadband includes Internet service provider operations, hosting services, user assistance operations & operations related to the rollout of the FTTH (fiber-to-the-home) network. Traditional Telephony includes switched landline telephony (One.Tel and Iliad Telecom), directory services (mainly the ANNU reverse look-up directory accessible by Minitel, telephone, Internet and SMS text messaging) and e-commerce operations (Assunet.com). Retail Telecom offers various mobile phones & services to customers.
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