Nokia ( (GB:0HAF) ) has provided an update.
Nokia 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. The program, which started in November 2024 and is set to conclude by the end of 2025, aims to acquire up to 150 million shares with a budget of 900 million euros. As of March 21, 2025, Nokia has repurchased shares worth over 20 million euros, increasing its total holdings to over 190 million shares. This strategic move is expected to strengthen Nokia’s market position and reassure stakeholders of its commitment to maintaining shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in advanced network solutions that integrate seamlessly into various ecosystems. The company has a strong foundation in fixed, mobile, and cloud service networks, and has been creating value through intellectual property and research led by Nokia Bell Labs for over a century. Nokia’s network solutions are trusted globally for their performance, sustainability, and security standards, and the company collaborates with partners to develop future digital services and applications.
YTD Price Performance: 16.52%
Average Trading Volume: 2,606,152
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €26.8B
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