Magyar Telekom buys back HUF 10.2 bln of shares at auction

Telco

Magyar Telekom spent HUF 10.2 billion on 23,794,792 shares - close to 2.3% of the total - at a buyback auction on Thursday, according to a report by state news wire MTI.

The results announced by MTel show the average price was HUF 429 per share and the highest accepted price was HUF 439 per share.

The shares MTel acquired will give it 45,777,539 treasury shares, close to 4.4% of the total.

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