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Iridium approves USD 300 mln share repurchase programme

Thursday 11 February 2021 | 10:43 CET | News
Iridium Communications announced that its board of directors authorised the repurchase of up to USD 300 million of Iridium common stock through 31 December 2022. This time frame can also be extended or shortened by the board of directors. Share purchases will be executed opportunistically, with the aim of maximising return on investment, while maintaining the company's forecast deleveraging targets. Repurchases, if any, will be made from time-to-time on the open market at prevailing prices or in negotiated transactions off the market, the company said. 

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Categories: Broadcast & Satellite
Companies: Iridium
Countries: World
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