logo
Plus   Neg
Share
Email

Telefonica Deutschland Backs FY19 View; Sees Revenue Growth Further Ahead

Telefonica Deutschland Holding AG (TELDF.OB,TFTHF.OB) Wednesday reiterated its full-year 2019 outlook, and said it expects revenue growth of a minimum cumulated 5% in the 3-year period between 2020 and 2022 with continuous margin improvement.

OIBDA will benefit from revenues streams as well as continued efficiency gains, as the company strives for ongoing margin improvement.

Further, the company announced a dividend proposal of 0.17 euros per share for the financial year 2019, which will be a floor during the investment phase. The company intends to propose the dividend to the AGM in May 2020.

In its strategy update including mid-term ambitions, Telefonica Deutschland reported breakthrough in network quality with 'good' ratings in major network tests. The company is launching a 2-year network-focused smart investment programme to further push network quality.

The company also talked about its 5G plans, noting that it aims to further accelerate its growth trajectory in three areas. These include growing mobile market share in rural areas; Smart bundling of fixed & mobile products and fixed-mobile-substitution ; and seizing the B2B market opportunity, particularly in the SME segment.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
RELATED NEWS
Follow RTT