Comtech Telecommunications Corp. Announces New $100.0 Million Stock Repurchase Program

September 29, 2020– Comtech Telecommunications Corp. (NASDAQ: CMTL) today announced that its Board of Directors has authorized a new $100.0 million share repurchase program pursuant to which the Company may repurchase shares of its common stock from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws.

“Authorizing the use of our strong balance sheet for share repurchases demonstrates our confidence in the underlying value of our stock and our commitment to providing long-term value for our stockholders,” commented Fred Kornberg, Chairman and Chief Executive Officer of the Company.

Any repurchased shares will be available for various corporate purposes. There can be no assurance of how many shares will be repurchased, and the repurchase program may be suspended or discontinued at any time. The actual timing, number and value of shares repurchased under the program

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National’s technology plan gets ‘7 out of 10’ from Telecommunications Users Association

National’s UFB goal would bring fibre-optic broadband to another 3 per cent of homes.


National’s UFB goal would bring fibre-optic broadband to another 3 per cent of homes.

The National Party has promised to expand the ultrafast broadband network to cover 90 per cent of homes within 10 years if elected, bringing fibre broadband to about another 50,000 households.

The current UFB target is to cover 87 per cent of homes by 2022, after two previously expansions from the original goal – which was achieved – of providing 75 per cent coverage by this year.

Party leader Judith Collins also committed to increase the performance target of the rural broadband initiative (RBI).

Its new goal would be to ensure almost all of the remaining 10 per cent of homes could get uncapped 100 megabit per second broadband using copper or wireless technologies by 2030.

* Extra $270m for rural broadband ‘more than Federated Farmers was expecting’
* The fewer the

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