The latest announcement is out from Nokia ( (GB:0HAF) ).
Nokia Corporation has repurchased 1,380,441 of its own shares as part of a share buyback program announced in November 2024. The program aims to offset the dilutive effects of new shares issued to Infinera Corporation shareholders. The repurchase is conducted under the Market Abuse Regulation and authorized by Nokia’s Annual General Meeting, with a target to buy back 150 million shares for a maximum of EUR 900 million by the end of 2025. This move indicates Nokia’s strategic efforts to manage shareholder value and mitigate dilution, enhancing its market position and investor confidence.
More about Nokia
Nokia is a B2B technology innovation leader that pioneers networks across mobile, fixed, and cloud sectors. The company is known for leveraging intellectual property and long-term research through Nokia Bell Labs. Nokia focuses on creating high-performance networks with open architectures, which are trusted by service providers, enterprises, and partners globally to deliver secure, reliable, and sustainable networks.
YTD Price Performance: 11.94%
Average Trading Volume: 2,967,632
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.92B
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