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Hellenic Telecom Organization SA ( (HLTOY) ) just unveiled an update.
Hellenic Telecommunications Organization S.A. continued executing its 2026 share buyback programme, repurchasing 273,471 shares between March 23 and March 27 for a total consideration of about €4.51 million at an average price of €16.50. Following these transactions, OTE holds 9,171,680 treasury shares, representing approximately 2.27% of its outstanding share capital, signaling ongoing capital management efforts that may support earnings per share and shareholder value.
The company’s latest buyback activity reflects a sustained strategy to return capital and potentially optimize its balance sheet, while also indicating confidence in its valuation and future prospects. This accumulation of treasury stock can enhance financial flexibility for future uses such as employee incentive plans or possible share cancellations, and underscores OTE’s focus on shareholder-oriented financial policies within the Greek telecoms market.
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 digital services. The company serves residential and business customers in the Greek market and is a key player in the country’s telecommunications infrastructure and services sector.
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