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Freenet to Launch Up to EUR75 Million Share Buyback Program

MT Newswires·11/06/2026 01:16:30
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01:16 AM EST, 11/06/2026 (MT Newswires) -- Freenet (FNTN.F) resolved on a share buyback program of up to 75 million euros, according to Thursday releases. The program will be carried out through 2026 and 2027 to help reduce the German telecommunications and digital services company's share capital. Shares acquired under the scheme will be canceled. The company said it will use a portion of the 150 million-euro expected proceeds from the sale of shares in German electronics retailer Ceconomy (CEC.F).