Deutsche Telekom Completes Share Repurchase Program
Deutsche Telekom announced on September 29, 2015, its decision to repurchase 950,000 of its own shares from the stock exchange. The total cost for these repurchases was approximately 14.8 million euros.
Deutsche Telekom, the German telecommunications giant, confirmed the completion of its share repurchase program in late 2015.
The company's Board of Management resolved on September 29, 2015, to acquire 950,000 Deutsche Telekom AG shares through stock exchange transactions. This acquisition represented approximately 0.021% of the company's total share capital.
By early October 2015, the company had acquired the full 950,000 shares. The total expenditure for these repurchases amounted to 14,787,413 euros, with an average price of 15.57 euros per share. A significant portion of the shares, 860,000, were bought on October 1, 2015, at an average price of 15.54 euros.
Deutsche Telekom operates as one of the world's leading integrated telecommunications companies, offering services in approximately 170 countries. The company's core business areas include broadband, mobile, and fixed-network solutions, as well as enterprise IT services.