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Deutsche Telekom cuts dividend as it hikes profit outlook

IFA consumer tech fair in Berlin
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BERLIN (Reuters) - Deutsche Telekom said on Thursday it would cut its dividend for 2019 to pre-empt uncertainty over the outcome of a proposed U.S. mega-merger and to cover the heavy cost of building 5G networks.The significant shift to dividend policy at Europe's largest telecoms group sent its shares 3% lower, even though it raised its profit outlook for the year thanks chiefly to continued..
Date Published: Nov 07, 2019
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