NEW YORK-Cellular Communications of Puerto Rico Inc.’s board of directors has authorized the repurchase of up to an additional 750,000 shares of CCPR’s common stock through open market purchases as market conditions warrant.
CCPR said the repurchase plan is in addition to a previously announced repurchase plan for up to 250,000 shares, of which CCPR has to date repurchased 222,000 shares. The company has outstanding approximately 13.4 million shares.
