Latest

Spain's Telefonica shares drop on dividend cut, net loss
Spain's Telefonica shares drop on dividend cut, net loss
Economy
by  AFP

Shares in Spanish telecoms giant Telefonica fell sharply on Tuesday after it posted a net loss for the first nine months of the year and announced it would cut its dividend by half in 2026. Telefonica said it would cut its dividend by half next year to 15 cents per share as part of a new five-year strategic plan as it seeks to reduce its debt.