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General

Telenet drops dividend

Thursday 25 September 2014 | 08:55 CET | News
Belgian cable operator Telenet announced it has decided not to propose any dividend, due to the "current operating environment". The company said it remains committed to shareholder returns in line with its long-term net debt to EBITDA target. The announcement follows a downgrade in the operator's annual outlook at its interim report in July. Telenet cut the sales growth outlook to 4-5 percent, compared to 6-7 percent previously, due mainly to a slowdown in the mobile market, while maintaining its forecast for adjusted EBITDA up 5-6 percent. The company also recently announced a major

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Categories: General
Companies: Telenet
Countries: Belgium
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