Deutsche Telekom cuts dividend as it hikes profit outlook

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 strong growth at U.S. unit T-Mobile .Deutsche Telekom said it would pay a 60 euro cent ($0.66) dividend..