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Hellenic Telecom Organization SA ( (HLTOY) ) has issued an announcement.
Hellenic Telecommunications Organization S.A. has continued executing its 2026 share buyback programme, acquiring 529,588 own shares between 16 and 20 March for a total consideration of about €9.0 million at an average price of €17.04 per share. Following these transactions, the company now holds 8,898,209 treasury shares, representing 2.203% of its outstanding share capital, a move that can support earnings per share and signal management’s confidence in OTE’s valuation to investors.
The purchases were made on the open market over five consecutive trading days, with daily average prices ranging from €16.81 to €17.45, reflecting active capital management in line with regulatory frameworks governing buyback programmes in the European Union. By steadily increasing its treasury stock under this authorized plan, OTE maintains flexibility for future capital allocation options, including potential share cancellations or using treasury shares in corporate transactions, which may influence long-term shareholder returns.
More about Hellenic Telecom Organization SA
Hellenic Telecommunications Organization S.A. (OTE) is Greece’s incumbent telecom operator, providing fixed-line and mobile telephony, broadband, and related communication services. The group focuses on the Greek market and selected neighboring regions, serving retail and corporate customers with integrated telecom solutions.
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