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Nokia ( (GB:0HAF) ) has shared an update.
Nokia announced the acquisition of 1.4 million of its own shares as part of a buyback program initiated to offset the dilution effects of shares issued to Infinera Corporation shareholders and certain stock-based incentives. The buyback program, authorized in April 2024, aims to acquire a total of 150 million shares with a budget of up to 900 million euros, and is expected to conclude by the end of 2025. This strategic move is aligned with regulatory mandates and is intended to strengthen Nokia’s market position and shareholder value.
More about Nokia
Nokia is a leader in the B2B technology sector, known for its pioneering work in sensing, thinking, and intelligent network solutions. The company specializes in fixed, mobile, and cloud network services, leveraging intellectual property and long-term R&D spearheaded by Nokia Bell Labs. Nokia’s solutions are based on open architecture, enabling seamless integration with various ecosystems and creating opportunities for network commercialization and scalability. Globally trusted by service providers and enterprises, Nokia is committed to network performance, sustainability, and security standards, collaborating with partners to develop future digital services and applications.
YTD Price Performance: 9.43%
Average Trading Volume: 2,493,653
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.37B
For a thorough assessment of 0HAF stock, go to TipRanks’ Stock Analysis page.
