Nokia ( (GB:0HAF) ) just unveiled an announcement.
Nokia announced the repurchase of its own shares as part of a buyback program aimed at offsetting the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The program, authorized by the company’s board and compliant with EU regulations, started in November 2024 and aims to acquire up to 150 million shares by the end of 2025 at a total cost not exceeding 900 million euros. As of February 11, 2025, Nokia has repurchased shares worth over 6.5 million euros, bringing its total share ownership to over 245 million.
More about Nokia
Nokia is a leading B2B technology and innovation company, specializing in advanced network solutions that integrate seamlessly across ecosystems. With a strong foundation in fixed, mobile, and cloud service networks, Nokia has been a pioneer in creating value through intellectual property and research, led by the renowned Nokia Bell Labs for over a century. The company collaborates with service providers, businesses, and partners worldwide to develop future digital services and applications.
YTD Price Performance: 11.72%
Average Trading Volume: 2,847,665
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.37B
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