Czech Telefonica to start share buyback on Tuesday
PRAGUE, March 4 |
PRAGUE, March 4 (Reuters) - Telefonica Czech Republic's board appointed the London branch of UniCredit Bank AG to launch a buyback of up to 2 percent of its shares as of Tuesday, March 5, it said on Monday.
The company, majority owned by Spain's Telefonica, completed a previous buyback in November last year.
It announced the plan to do another share buyback last week along with its 2012 results. (Reporting by Jana Mlcochova; Editing by Gerald E. McCormick)
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