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An announcement from Nokia ( (GB:0HAF) ) is now available.
Nokia announced the repurchase of its own shares on December 20, 2024, as part of a buyback program initiated to offset the dilution effects related to shares issued to Infinera Corporation’s shareholders. This program, authorized by the company’s board, aims to acquire a total of 150 million shares with a budget of up to 900 million euros, and it will run until the end of December 2025. The total cost of the shares repurchased on December 20 was approximately 3.66 million euros, increasing Nokia’s treasury shares to over 218 million.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in advanced network solutions that integrate seamlessly into various ecosystems. With expertise in fixed, mobile, and cloud service networks, Nokia creates value through intellectual property and research led by Nokia Bell Labs, focusing on performance, responsibility, and security standards.
YTD Price Performance: 43.82%
Average Trading Volume: 2,578,308
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.18B
See more insights into 0HAF stock on TipRanks’ Stock Analysis page.
