ATHENS - Hellenic Telecommunications Organization S.A. (OTE), the Greek telecom giant, announced it has concluded a series of transactions purchasing its own shares. The buyback was part of the company’s 2025 Share Buy Back Programme. Between Monday and Thursday of last week, OTE acquired a total of 61,621 of its own shares.
The company detailed the transactions, which took place over four consecutive trading days. On Monday, OTE bought 20,467 shares for a total of €315,702.58, while Tuesday saw the purchase of 8,965 shares at €140,600.67. The buying continued on Wednesday with 5,388 shares for €85,401.95, and on Thursday, the company acquired 26,801 shares for €423,984.54. The average price per share over the week was €15.67144, with the highest price paid being €15.92 and the lowest €15.29.
Following these transactions, OTE now holds 8,722,579 of its own shares, which represents approximately 2.114% of its total outstanding shares. The company’s actions are in compliance with the EU Market Abuse Regulation (596/2014) and the Commission Delegated Regulation (EU) 2016/1052, which govern share buybacks and ensure transparency and regulatory adherence.
OTE’s decision to repurchase shares is a financial maneuver that companies often use for various strategic purposes, including investing in themselves, consolidating ownership, or improving financial ratios. The specific reasons for OTE’s buyback were not disclosed in the press release statement.
The Greek telecom operator is a significant player in the telecommunications market in Greece and has a presence in the broader Southeastern European region. Investors and market watchers often view share buybacks as a sign of a company’s confidence in its own financial health and future prospects.
The information for this report is based on a press release statement from Hellenic Telecommunications Organization S.A.
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