Hellenic Telecom buys back 322,214 shares in weekly program

Hellenic Telecommunications Organization S.A. (OTE) repurchased 322,214 of its own shares last week, spending €5.32 million at an average price of €16.53 per share, as part of its ongoing 2025 share buyback program. This action brings OTE's total treasury holdings to 1.17% of outstanding shares, aiming to return value to shareholders and potentially support its stock price.

Analysis

Hellenic Telecommunications Organization S.A. (OTE) executed a portion of its 2025 share buyback program, repurchasing 322,214 shares for a total of €5.32 million between September 22-26. The transactions were conducted at an average price of €16.53 per share, within a tight range of €16.22 to €16.87, signalling consistent buying activity. This action increases OTE's treasury holdings to 4,723,661 shares, equivalent to 1.17% of its total share capital. The buyback serves as a direct method of returning capital to shareholders and reducing the number of outstanding shares, which can provide support for the stock price and be accretive to earnings per share. The formal announcement, made in compliance with EU market regulations, confirms a disciplined execution of the company's stated capital allocation strategy, a factor reflected in the moderately positive sentiment signal.

Key Decisions for Investors

• Investors should view the continued execution of the 2025 buyback program as a positive signal of management's confidence in the company's intrinsic value and its commitment to enhancing shareholder returns.
• The purchase price range of €16.22 to €16.87 can be considered an active support zone for the stock, as it indicates a level where the company is deploying capital.
• Monitor future announcements related to this program to gauge the velocity of capital return and its ongoing impact on the share count, which is a key driver for potential EPS accretion.