Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Hellenic Telecom Organization SA ( (HLTOY) ) has provided an announcement.
OTE has continued to execute its 2026 share buyback programme, repurchasing 96,170 own shares between 30 March and 2 April 2026 for a total consideration of about €1.58 million at an average price of €16.40 per share. Following these transactions, the company now holds 9,267,850 treasury shares, representing 2.295% of its outstanding share capital, signalling ongoing efforts to manage its capital structure and potentially enhance shareholder value.
The share repurchases underscore OTE’s commitment to returning capital to investors alongside its core telecommunications operations, which may support earnings per share and provide a signal of management’s confidence in the company’s valuation. The disclosure was made under relevant EU market abuse and buyback regulations, reinforcing transparency for market participants and other stakeholders monitoring OTE’s capital allocation strategy.
More about Hellenic Telecom Organization SA
Hellenic Telecommunications Organization S.A. (OTE) is Greece’s incumbent telecommunications provider, offering fixed-line, mobile, broadband, and related digital services to consumers and businesses. The company plays a central role in the Greek telecoms market, where it focuses on network infrastructure, connectivity, and integrated communications solutions.
Learn more about HLTOY stock on TipRanks’ Stock Analysis page.