Nokia ( (GB:0HAF) ) just unveiled an announcement.
Nokia Corporation announced the repurchase of 1.4 million of its own shares at a weighted average price of EUR 4.72 per share, as part of a share buyback program initiated to offset the dilutive effect of new shares issued to Infinera Corporation shareholders. This buyback is part of a larger plan to repurchase 150 million shares by the end of 2025, with a maximum aggregate purchase price of EUR 900 million, which reflects Nokia’s strategic financial management and commitment to shareholder value.
More about Nokia
Nokia is a B2B technology innovation leader focused on pioneering networks that sense, think, and act across mobile, fixed, and cloud networks. The company is known for its intellectual property and long-term research, led by Nokia Bell Labs. Nokia provides secure, reliable, and sustainable networks, creating opportunities for monetization and scale for service providers, enterprises, and partners worldwide.
YTD Price Performance: 11.65%
Average Trading Volume: 2,771,107
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.47B
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