Deutsche Telekom cuts dividend in favour of investments

Friday 7 December 2012 | 09:18 CET | News
Deutsche Telekom has announced a reduction in its dividend in the coming years, as it steps up investment in new broadband networks. At its capital markets day, the German operator said it will pay a dividend of EUR 0.50 per share for 2013 and 2014, down from EUR 0.70 last year. Free cash flow is expected to fall to EUR 5 billion next year, from an estimated EUR 6 billion in 2012. It should recover to EUR 6 billion in 2015. Capex is forecast to increase to EUR 9-10 billion per year in 2013-15, from EUR 8.4 billion last year. Adjusted EBITDA is expected to drop to EUR 17.4 billion in 2013,

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Categories: General
Companies: Apple / Deutsche Telekom / Everything Everywhere / MetroPCS / Orange / T-Mobile / T-Mobile USA
Countries: Europe / Germany / United States
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