Nokia ( (GB:0HAF) ) has provided an announcement.
Nokia Corporation has repurchased 1.4 million of its own shares as part of a share buyback program initiated to offset the dilutive effect of new shares issued to Infinera Corporation shareholders. The buyback program, which aims to repurchase 150 million shares by the end of 2025, is conducted under the authorization of Nokia’s Annual General Meeting and in compliance with EU regulations. This strategic move is expected to impact Nokia’s market positioning by managing share dilution and potentially enhancing 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, leveraging its work across various network types. Nokia Bell Labs, a key part of the company, is recognized for its long-term research and innovation. Nokia’s high-performance networks are designed to integrate seamlessly into any ecosystem, offering secure, reliable, and sustainable solutions for service providers, enterprises, and partners worldwide.
YTD Price Performance: 11.30%
Average Trading Volume: 2,776,478
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.25B
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