KPN Scraps Dividend to Finance Purchase of Web Spectrum

, the Dutch phone company partly owned by Carlos Slim’s America Movil SAB (AMX) , cut its dividend as it spent 1.35 billion euros ($1.8 billion) to buy frequencies for faster mobile networks. KPN will not pay a final dividend for 2012, after its 12- cent interim dividend, and 3 cents per share for 2013, the company said today in a statement.

Posted: 2012-12-14 20:42:00

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