- Telefonica SA (TEF) is expected to cut its dividend as part of a new strategic plan due to be announced next week, Bloomberg News reported Thursday.
- The Spanish operator has one of the highest dividend yields among European telecom operators, and its new policy aims to bring it in line with its peers, the report said.
- The change is also aimed at strengthening the balance sheet, freeing up liquidity for investments and signaling a commitment to financial discipline.
