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An announcement from Nokia ( (GB:0HAF) ) is now available.
Nokia has announced the buyback of its own shares, acquiring 872,093 shares for a total price of 3,881,686 euros on January 22, 2025. This is part of a broader buyback program initiated in November 2024 aimed at mitigating the dilution from shares issued to Infinera Corporation’s shareholders. The program, authorized by Nokia’s general meeting in April 2024, plans to purchase up to 150 million shares with a maximum expenditure of 900 million euros, concluding by the end of 2025. This strategic move is expected to strengthen Nokia’s market position by managing share dilution and demonstrating financial stability.
More about Nokia
Nokia is a leader in the B2B technology and innovation sector, pioneering advanced network solutions that sense, think, and operate intelligently. The company’s expertise lies in fixed, mobile, and cloud network services, driven by long-term research led by Nokia Bell Labs. Its open architecture-based efficient network solutions integrate seamlessly across ecosystems, enabling new opportunities for network commercialization and scaling. Nokia is trusted globally for its network performance, responsibility, and security standards.
YTD Price Performance: 4.46%
Average Trading Volume: 2,201,103
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.23B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
