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The latest update is out from mobilezone holding AG ( (CH:MOZN) ).
Mobilezone holding ag has completed its share buyback program, which began in August 2022, repurchasing 770,865 shares at an average price of CHF 15.57 per share. This strategic move, culminating in the destruction of the shares in 2023, is aimed at capital reduction, potentially enhancing shareholder value and impacting the company’s financial structure.
More about mobilezone holding AG
Founded in 1999, mobilezone holding ag is a leading independent telecom specialist in Switzerland and Germany, with a revenue of CHF 1.0 billion and an operating profit of CHF 52.7 million in 2024. The company offers a comprehensive range of mobile phones, tariff plans, digital TV, and internet services, alongside independent advice and repair services for both private and business customers. With nearly 1,000 employees, mobilezone operates over 125 shops in Switzerland and provides services through various online portals.
Average Trading Volume: 78,081
Current Market Cap: CHF471.3M
Learn more about MOZN stock on TipRanks’ Stock Analysis page.