'I am looking forward to working with my supervisory board colleagues to support the management board of Telefónica Deutschland in implementing their strategy,'
said Abasolo. 'And I would like to take the opportunity to give my special thanks to Mrs Castillo Sanz, who, in almost six years as chairperson of the supervisory board has helped to shape the company and significantly supported its development.' With the new chairperson of the supervisory board, Telefónica Deutschland will continue to pursue its strategy as announced at the capital markets day in February. The Digital4Growth programme will help the company to become simpler, faster and better and to transform into a thoroughly digitalized network operator. At the same time, the company will continue to focus on profitable growth, aiming to become Germany's Mobile Customer and Digital Champion. Telefónica Deutschland reiterates its commitment to dividend growth over three consecutive years (2016 - 2018) and will propose a cash dividend of EUR 0.26 per share to the Annual General Meeting on 17 May 2018. The company remains confident in its ability to generate Free Cash Flow and confirms its commitment to a high pay-out ratio in relation to Free Cash Flow.

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Telefónica Deutschland Holding AG published this content on 03 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2018 15:54:02 UTC