Telekom Austria: Drastic Dividend Cut

Businessn.a. ♦ Published: September 24, 2012; 18:11 ♦ (Vindobona)

Telekom Austria Group Cuts its Dividend to € 0.05 for the Years 2012 and 2013. Last year, the dividend came at € 0.38.

Telekom Austria: Drastic Dividend Cut / Picture: © Telekom Austria Group / Future Talk

Today, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that it lowers its dividend from € 0.38 to € 0.05 per share for the year 2012 and sets the planned dividend for the year 2013 to € 0.05.

This is a result of the expectation that the intensification of the competition in Austria will continue in 2013. Together with adverse macro-economic conditions in CEE…

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