Telefonica Deutschland Refines Midterm Guidance, Proposes Increased Dividend
By Cecilia Butini
Telefonica Deutschland Holding AG on Tuesday refined its midterm
guidance and proposed an increased dividend amid a strategy
The German telecommunications company said it expects cumulated
revenue growth of a minimum of 5% over the three-year period from
2020 to 2022 amid its investment for growth program, which it
launched a year ago. Operating income before depreciation and
amortization, or Oibda, adjusted for exceptional effects and
excluding the effect of the coronavirus pandemic is expected to
benefit from these revenue streams, the company said.
Telefonica Deutschland intends to propose an increased dividend
of 0.18 euros ($0.22) per share for the financial year 2020 at its
annual general meeting in May.
It confirmed its outlook for the 2020 financial year. It has
previously guided for 2020 revenue to be between flat to slightly
Additionally, the company said it entered into a memorandum of
understanding with Deutsche Telekom AG and into a similar agreement
with Vodafone Group PLC for bilateral network sharing in grey
spots, or areas where only one operator offers LTE cellular
coverage. The companies will target a combined minimum of 1,200
sites, Telefonica Deutschland said.
Write to Cecilia Butini at firstname.lastname@example.org
(END) Dow Jones Newswires
January 19, 2021 02:57 ET (07:57 GMT)
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