The latest announcement is out from Nokia ( (GB:0HAF) ).
Nokia has announced the repurchase of its own shares as part of a buyback program initiated to offset the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The program, which began in November 2024 and is set to conclude by the end of 2025, aims to acquire 150 million shares with a total budget of up to 900 million euros. As of February 24, 2025, Nokia has repurchased shares worth approximately 6.26 million euros, bringing its total holdings to over 257 million shares. This strategic move is expected to strengthen Nokia’s market position and shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering advanced network solutions that integrate seamlessly into various ecosystems. With expertise in fixed, mobile, and cloud networks, Nokia has been creating value through intellectual property and long-term research and development, led by Nokia Bell Labs, for over 100 years. The company’s efficient network solutions are trusted globally for their performance, responsibility, and security standards.
YTD Price Performance: 13.04%
Average Trading Volume: 2,727,589
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €26.15B
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