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Tele2 reinstates FY guidance and extraordinary dividend proposal as Q2 underlying EBITDAaL rises 4%
2020-07-15 09:55:00| Telecompaper Headlines
(Telecompaper) Tele2 said it is reinstating its 2020 guidance and its proposal to distribute an extraordinary dividend of SEK 3.50 per share as it declared that it had fared relatively well in a difficult second quarter for the telecoms sector and society as a whole. Revenue fell by 2 percent and underlying EBITDAaL rose by 4 percent. The operator said it now has 242,000 fixed-mobile convergence (FMC) customers and that it launched Sweden's first public 5G network during Q2.
Tags: underlying
guidance
proposal
extraordinary
Occidental Petroleum Cuts Dividend Again, Now to 1 Cent
2020-05-29 20:59:10| OGI
The companys shares were down 5% after the news and have lost nearly 70% of their value this year.
Halliburton Slashes Dividend by 75% in Latest Move to Save Cash
2020-05-21 11:10:00| OGI
Halliburton and larger rivals Schlumberger Ltd. and Baker Hughes Co. posted losses for the first quarter, owing to heavy writedowns on assets on the back of low oil prices.
Vodafones operating cost savings keep its dividend afloat
2020-05-12 02:00:00| Total Telecom industry news
The financial strain COVID-19 is having on telcos is beginning to show. Last week, BT announced that it was suspending its current dividend and that of next year, estimating a saving of £2.5 billion. Prior to this, Orange announced it was reducing its dividend by 30% as a result of coronavirus-related losses…read more on TotalTele.com »
Tags: cost
operating
savings
dividend
Weekly news summary: BT suspends dividend, as O2 and Virgin Media UK plot a merger
2020-05-11 09:24:00| Telecompaper Headlines
(Telecompaper) Earnings news in the past week was more about changes to guidance than the results themselves, with the Covid-19 lockdowns setting in globally only in March. Companies with media exposure, including telecoms companies such as Nos, appear to be hurt more than others. BT stood out, as it suspended its dividend in favour of rolling out fibre networks. In other telecoms news, two more 5G networks commercially launched. The most important news of week 19 was the planned merger of O2 and Virgin Media in the UK.
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