Spain telecom to raise dividend cut next year revenue forecast

Recently, the world's 4th largest telecoms telecommunications Telefonica S.A.　　Announced that the increase of the Ming (2010) annual dividend, but because the European market bias saturation, the revenue is declining, the company will be the performance of the revenue reduction, until 2012.　　In a report to the Spanish market regulator, Telefónica pointed out that by 2012 years ago its annual revenue growth rate (compound annual substituting rate,cagr) would have risen 1-4%.　　In the shareholder meeting, the Spanish telecom set from 2006-2010, the revenue CAGR will be 5-8%.　　Telefónica also lowered its target share price for next year, from a previously scheduled € 2.304 to € 2.10.　　But the company said it would pay a dividend of € 1.40 a share next year, up 21.7% from the previous release of € 1.15, and at least a dividend of 1.75 euros per share by 2012 years.　　European markets have become saturated and mature, and because of the impact of the economic contraction, Telefónica's reliance on Latin America is growing, and revenues have grown steadily, especially in Spain. Telefónica is the most market-owned telecoms company in the country.