Vodafone hacks dividend as it reports €7.6bn losses for FY19

Tuesday May 14, 2019. 02:27 PM , from TheRegister

Shareholders left counting cost of 40% annual payout squeeze. CEO says balance sheet needed some love after 5G spectrum auction overheads
Vodafone investors are crying rivers this morning after the telco slashed a FY19 dividend payout to beef up its balance sheet. The disposal of operations in India contributed to steep losses.…

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