Tranche Update on Westell Technologies, Inc.'s Equity Buyback Plan announced on May 17, 2017.
November 21, 2022 at 07:56 pm EST
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From July 1, 2022 to September 30, 2022, the company has repurchased 25,399 shares, for $0.03 million. With this, the company has completed the repurchase of 607,360 shares, for $1.44 million under the buyback announced on May 17, 2017.
Westell Technologies, Inc. is a holding company, which conducts business through its subsidiary, Westell, Inc. (Westell). Westell designs, manufactures and distributes telecommunications solutions, which are sold to telephone companies. The Company's segments include In-Building Wireless (IBW), Intelligent Site Management (ISM), and Communications Network Solutions (CNS). The IBW segment solutions enable public safety and cellular coverage in stadiums, arenas, malls, buildings, and other indoor areas not served well by the existing outdoor radio network. The ISM segment solutions include a suite of remote units, which provide machine-to-machine communications that enable operators to remotely monitor, manage, and control physical site infrastructure and support systems. The CNS segment solutions include a range of hardened network infrastructure offerings suitable for both indoor and outdoor use. The offerings consist of integrated cabinets, power distribution products and others.
WESTELL TECHNOLOGIES, INC. 
