Telenet to buy back shares
August 13, 2012
Belgium’s largest cable operator Telenet has revealed plans to take on up to €700 million in debt and use the money to buy back shares.
“Telenet … intends to implement a shareholder remuneration policy consisting mainly of share repurchases…..Telenet believes that the combination of the adjustment to the capital structure and the revised shareholder remuneration will allow for a more efficient balance sheet.”
The company added it does not see itself making any major acquisitions in the foreseeable future.
Other posts by :
- SES warns of risks for airlines adopting Starlink
- Starlink facing backlash in South Africa
- China wants 200,000 satellites
- Bank raises view on AST to $100
- Frost & Sullivan cites Hughes as #1
- Verizon cutting prices
- ScotiaBank confuses market over AST SpaceMobile
- EchoStar gains bank support
- SpaceX complains to FCC over AST SpaceMobile