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Nokia ( (GB:0HAF) ) has provided an announcement.
Nokia Oyj announced the repurchase of its own shares as part of a buyback program to offset the dilution effects of shares granted to Infinera Corporation shareholders and certain stock-based incentives. The program aims to acquire 150 million shares with a maximum expenditure of 900 million euros, executed under European regulations and authorized by Nokia’s general meeting. As of January 27, 2025, the total cost of acquisitions was 3,786,889 euros, increasing Nokia’s ownership to 232,542,619 shares. This strategic move could strengthen Nokia’s market standing by managing share dilution and reinforcing investor confidence.
More about Nokia
Nokia is a leader in B2B technology and innovation, renowned for pioneering intelligent network solutions based on open architecture. The company excels in fixed, mobile, and cloud network services, leveraging intellectual property and extensive R&D led by Nokia Bell Labs. Nokia’s solutions integrate seamlessly with various ecosystems, providing scalable network commercialization opportunities. Trusted globally for network performance, sustainability, and security standards, Nokia collaborates with partners to develop future digital services and applications.
YTD Price Performance: 1.69%
Average Trading Volume: 2,096,776
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.6B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
