Telefónica, a Spanish multinational telecommunications company, agreed to acquire a remaining 28.19% stake in Telefónica Deutschland, a Germany-based telecommunications company, for €2bn ($2.1bn). "In the context of the Offer, Telefónica intends to promote a revision of the current Telefónica Deutschland dividend policy beyond the already-confirmed €0.18 ($0.19) dividend per share for financial year 2023 and expected to be paid in 2024. Telefónica Deutschland’s future dividend policy will be reflective of the needs resulting from the implementation of its current business plan, and accordingly be subject among other things to Telefónica Deutschland’s future spending and investment plans, as well as to other existing or potential risks and contingencies," Telefónica.