United Internet jumps on share buyback plans

United Internet AG

15/02/2023 07:09

** Shares of United Internet  UTDI.DE  rise around 5% in
early trade after the German telecommunications provider said it
plans to buy back up to 13.9 mln own shares at 21 euros/shr
        ** It also decided to reduce capital by cancelling 2 mln
of own shares
  
    ** "Big buyback aka dividend-like-payout boosts shares," a
local trader says
    ** The stock is at the top of the German mid-caps index
 .MDAXI 
 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))