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Eckoh returns £7m to shareholders |
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Written by Business Weekly
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Tuesday, 16 January 2007 |
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Hemel Hempstead-based Eckoh has announced it plans to return £7m to its shareholders.
The telecoms firm said it intends to return up to £7m of the £11m it raised in July last year from its sale of Symphony Telecom Holdings to Redstone, by way of a tender offer. The board had arrived at the amount to be returned to shareholders by taking into account the level of funding remaining to maintain financial strength and pursue acquisition opportunities, the company said. |
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