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Nokia ( (GB:0HAF) ) has provided an update.
Nokia Corporation announced the repurchase of its own shares as part of a buyback program aimed at offsetting the issuance of new shares to Infinera Corporation shareholders. This strategic move is intended to mitigate share dilution and is conducted under the authorization granted by Nokia’s Annual General Meeting. The program targets repurchasing 150 million shares with a maximum aggregate purchase price of EUR 900 million and is set to conclude by the end of 2025. This buyback reflects Nokia’s focus on maintaining shareholder value and its strategic positioning in the technology sector.
More about Nokia
Nokia is a leading B2B technology innovation company that focuses on pioneering networks across mobile, fixed, and cloud environments. It leverages intellectual property and long-term research to create secure, reliable, and sustainable networks. Nokia Bell Labs leads its research initiatives, helping service providers, enterprises, and partners to deliver digital services and applications globally.
YTD Price Performance: 44.26%
Average Trading Volume: 2,728,430
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.05B
Learn more about 0HAF stock on TipRanks’ Stock Analysis page.
