Nokia ( (GB:0HAF) ) just unveiled an update.
Nokia Corporation announced the repurchase of 3,793,803 of its own shares on March 4, 2025, as part of a share buyback program initiated to offset the dilutive effect of new shares issued to Infinera Corporation shareholders. The program, which complies with EU regulations, aims to repurchase 150 million shares by the end of 2025, with a maximum aggregate purchase price of EUR 900 million. The total cost of the transactions executed on March 4 was EUR 18,043,327, and Nokia now holds 142,405,206 treasury shares. This move is expected to strengthen Nokia’s market position and shareholder value.
More about Nokia
Nokia is a B2B technology innovation leader that focuses on pioneering networks 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: 9.81%
Average Trading Volume: 2,692,421
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.9B
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