If dividend gets suspended for 2 years would that be good for sp? If they fully use entire FCF to reduce debt? Then restart dividend later? If you look at t mobile there is no dividend.
But a 50% cut in dividend only frees up 1.2b euro. So small. I feel they need to cut completely and reduce debt by 10b or more. They have 50b eur in debt. I assume interest on 50b is 2.5b a year.