Altice: starts 1 billion euro share buyback program.
(CercleFinance.com) - European telecoms group Altice said on Monday that it is starting a share buyback program of up to 1 billion euros.
As part of this program, Altice intends to purchase both common A shares and common B shares on Euronext Amsterdam over the next twelve months, which it intends to cancel upon repurchase and/or hold as treasury stock.
The group took the opportunity to say it was confident in achieving its near- and medium-term operational guidance and reiterated all of it financial targets for 2017.
The shares were up 1% this morning at 18.8 euros, giving the group a market capitalisation of 25 billion euros.
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As part of this program, Altice intends to purchase both common A shares and common B shares on Euronext Amsterdam over the next twelve months, which it intends to cancel upon repurchase and/or hold as treasury stock.
The group took the opportunity to say it was confident in achieving its near- and medium-term operational guidance and reiterated all of it financial targets for 2017.
The shares were up 1% this morning at 18.8 euros, giving the group a market capitalisation of 25 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.