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OTE Enhances Market Position with Share Buyback

Story Highlights
  • OTE purchased 229,911 shares for €3,504,375.74 as part of its buyback program.
  • The buyback increases OTE’s holdings to 1.855% of total shares, boosting market position.
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OTE Enhances Market Position with Share Buyback

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The latest announcement is out from Hellenic Telecom Organization SA ( (HLTOY) ).

Hellenic Telecommunications Organization S.A. announced the purchase of 229,911 own shares as part of its 2025 Own Share Buy Back Programme, totaling €3,504,375.74. This move, in compliance with EU regulations, increases the company’s holdings to 7,655,349 shares, representing 1.855% of the total outstanding shares, potentially strengthening its market position and shareholder value.

More about Hellenic Telecom Organization SA

Hellenic Telecommunications Organization S.A. (OTE) operates in the telecommunications industry, providing a range of services including fixed-line and mobile telephony, broadband, and television services. It is a leading provider in Greece with a focus on enhancing its market position through strategic initiatives.

YTD Price Performance: 11.43%

Average Trading Volume: 2,315

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $6.93B

For detailed information about HLTOY stock, go to TipRanks’ Stock Analysis page.

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