Shares in Telefonica Czech Republic, the country’s primary telecom, hit a nine year low following speculation that the company may not pay out a dividend this year. Bloomberg reported that the company is scheduled to publish its 2012 earnings results at the end of February, and that the belief is growing that investors won’t get the return they had sought.
This sent shares in the company plummeting 9 percent during the day yesterday, though the rout ended the day only 4.6 percent off the pace. Telefonica Polish counterpart hit an all-time low following news that it would be paying out less than planned after disappointing profit and revenues numbers.
