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Nokia ( (GB:0HAF) ) has issued an update.
Nokia announced the repurchase of its shares as part of a buyback program initiated to offset the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The program, which started on November 25, 2024, is authorized to acquire up to 150 million shares with a maximum expenditure of 900 million euros and is set to conclude by December 31, 2025. As of January 24, 2025, Nokia had spent approximately 3.8 million euros on share acquisitions, increasing its total number of own shares to over 231 million. This buyback strategy reflects Nokia’s attempt to maintain shareholder value and its strategic positioning in the market.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in sensing, thinking, and intelligent network solutions. With expertise in fixed, mobile, and cloud network services, Nokia leverages intellectual property and long-term R&D under Nokia Bell Labs to create value. Its efficient network solutions are based on open architecture, integrating seamlessly with various ecosystems to enable network commercialization and scaling. Trusted by service providers, enterprises, and partners worldwide, Nokia is committed to performance, responsibility, and security standards, and collaborates to develop future digital services and applications.
YTD Price Performance: 5.87%
Average Trading Volume: 2,117,591
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.56B
Learn more about 0HAF stock on TipRanks’ Stock Analysis page.
