Tuesday 14 May 2019

Vodafone hacks dividend as it reports €7.6bn losses for FY19

Shareholders left counting cost of 40% annual payout squeeze. CEO says balance sheet needed some love after 5G spectrum auction overheads

Vodafone investors are crying rivers this morning after the telco slashed a FY19 dividend payout to beef up its balance sheet. The disposal of operations in India contributed to steep losses.…


via The Register - Data Centre: Networks
http://go.theregister.com/feed/www.theregister.co.uk/2019/05/14/vodafone_loses_billions_cuts_dividend/

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