Zegona Communications shares fell 4.4% to 1,735 pence in London on Friday, despite the company buying back 300,000 shares at an average 1,780.47 pence on March 12. The buybacks follow the completion of the FiberPass deal, which brought in 0.4 billion euros, with half earmarked for buybacks and half for debt reduction. The share count will drop to 229,433,802 after cancellation. Shares remain up about 24% this year.