An announcement from Nokia ( (GB:0HAF) ) is now available.
Nokia Corporation has repurchased 1,317,492 of its own shares at an average price of EUR 4.75 per share as part of a share buyback program initiated to offset the dilutive effect of new shares issued to Infinera Corporation shareholders. This buyback is part of a larger plan to repurchase 150 million shares by the end of 2025, with a maximum budget of EUR 900 million. The repurchase is compliant with EU regulations and authorized by Nokia’s Annual General Meeting, reflecting the company’s strategic financial management and commitment to shareholder value.
More about Nokia
Nokia is a B2B technology innovation leader, specializing in mobile, fixed, and cloud networks. The company is known for pioneering networks that sense, think, and act, and it leverages intellectual property and long-term research through Nokia Bell Labs. Nokia provides secure, reliable, and sustainable networks, working with service providers, enterprises, and partners globally to create future digital services and applications.
YTD Price Performance: 13.04%
Average Trading Volume: 2,727,589
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €26.15B
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