Intred S.p.A. Expands Share Ownership through Strategic Buyback

Intred SpA ( (IT:ITD) ) has issued an update.

Intred S.p.A. announced the purchase of 200 own shares at an average price of 10.025 Euros per share, totaling 2,005.00 Euros, as part of a program approved by shareholders and initiated by the Board of Directors. This transaction, executed through Intermonte SIM S.p.A., increases Intred’s total ownership to 33,484 shares, representing 0.2107% of the share capital, reflecting the company’s strategic move to manage its share capital effectively.

More about Intred SpA

Intred S.p.A. is a prominent telecommunications operator in the Lombardy region, founded in 1996 by Daniele Peli, who serves as the President and CEO. The company, listed on the Euronext Growth Milan market since 2018, operates a fiber optic network over 13,500 kilometers long, providing broadband and ultra-broadband connectivity, fixed wireless access, fixed telephony, cloud services, and related ancillary services to professional, public administration, and residential customers. Intred’s direct management of infrastructure ensures efficiency, profitability, and high-quality service, making it a reliable infrastructural technology partner with a scalable business model and over €55.2 million in revenue as of December 31, 2024.

YTD Price Performance: -1.48%

Average Trading Volume: 3,832

Technical Sentiment Signal: Strong Buy

Current Market Cap: €159.1M

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