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Nokia ( (GB:0HAF) ) has provided an update.
Nokia has announced the repurchase of its own shares as part of an ongoing buyback program initiated to offset the dilution effects of shares and stock-based incentives provided to Infinera Corporation’s shareholders. The program, which began in November 2024, aims to acquire up to 150 million shares with a total expenditure of up to 900 million euros by the end of 2025. On January 14, 2025, Nokia repurchased shares worth approximately 3.8 million euros, bringing the total number of shares held by the company to over 228 million. This strategic move is in compliance with European regulations and reflects Nokia’s efforts to maintain shareholder value while enhancing its market position.
More about Nokia
Nokia is a technology leader in the B2B sector, known for its pioneering work in developing intelligent network solutions. The company specializes in both fixed and mobile networks and cloud services, leveraging its expertise in these areas to create innovative network solutions that integrate seamlessly across ecosystems. Nokia is recognized for its strong focus on intellectual property and research and development, led by the acclaimed Nokia Bell Labs. Its networks are trusted globally for their performance, responsibility, and security standards, enabling service providers and enterprises worldwide to develop future digital services and applications.
YTD Price Performance: 2.02%
Average Trading Volume: 2,450,726
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.02B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
