Deutsche Telekom is to cut its dividend from 70 to 50 cents as it boosts investment in the U.S. and on its home soil, CEO Rene Obermann revealed at an investors' day in Bonn. The carrier's capital expenditure is set to rise to almost €30 billion ($39 billion) over the next three years, funding plans that include giving Germany virtually wall-to-wall 4G coverage. (See DT's €30B Plan Wraps LTE With Vectoring and DT Ups Capex to 30M Euros.)
Telecom Italia has politely declined the offer a $3.9 billion investment from Egyptian tycoon Naguib Sawiris, reports Reuters, opting instead to examine more closely the possibility of selling a stake in its copper network to state fund Cassa Depositi e Prestiti (CDP).
— Paul Rainford, Assistant Editor, Europe, Light Reading
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