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Supervisory Board of Telekom Austria Calls For Dividend Suspension
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Published: January 9, 2012; 15:56 ♦ (Vindobona)
The supervisory board member Alexander Sollak claims that not dividends should be paid out for 2011. Instead, the equity base should be strengthened.
Supervisory Board of Telekom Austria Calls For Dividend Suspension / Picture: © Telekom Austria Group / Future Talk
Alexander Sollak, who is a member of Telekom´s supervisory board and part of the works council, claims a long-term strategy for Telekom. The cut of the dividend for 2011 and 2012 is regarded as “first step”. In December, the management announced that dividend will be reduced from € 0.76 to € 0.38. “The best option would be a dividend suspension.”
The reason was that…
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