Deutsche Telekom Repurchases 6.7 Million Shares in Five Trading Days

Deutsche Telekom repurchased 6,707,740 shares over five trading days through Oct. 16, bringing purchases under its current buyback program to nearly 32 million shares.

The company bought 1,562,000 shares on Oct. 12, 1,299,500 on Oct. 13 and 1,307,980 on Oct. 14. Purchases totaled 1,268,070 shares on Oct. 15 and 1,270,190 on Oct. 16.

The buybacks are part of a program announced Aug. 10. A credit institution acting under commission from Deutsche Telekom placed the trades on Xetra, the electronic market of the Frankfurt Stock Exchange.