Iridium Communications Raises Buyback Program by $500 Million

Dow Jones

2024/09/20

By Sabela Ojea

Iridium Communications has raised the size of its buyback program.

The provider of global voice and data satellite communications on Thursday said that its board of directors approved buying back an additional $500 million of the company's shares through Dec. 31.

That increased the size of the buyback program to $1.5 billion, the company added.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

September 19, 2024 16:13 ET (20:13 GMT)

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