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Nokia ( (GB:0HAF) ) has shared an update.
Nokia announced the repurchase of its own shares to offset the dilution effects of shares issued to Infinera Corporation’s stakeholders. The buyback program, which is in accordance with European regulations, started in November 2024 and aims to acquire 150 million shares with a budget of up to 900 million euros. The repurchase executed on December 19, 2024, cost approximately 3.7 million euros, increasing Nokia’s treasury shares to over 217 million. This strategic move reflects Nokia’s efforts to manage its capital structure effectively, potentially impacting its market position and shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering future-sensing, thinking, and intelligent network solutions. The company’s expertise spans fixed, mobile, and cloud service networks, creating value through intellectual property and long-term research led by Nokia Bell Labs. Their effective network solutions, based on open architecture, integrate seamlessly across ecosystems, enabling network commercialization and scaling. Nokia’s networks are trusted globally for performance, sustainability, and security standards, as they collaborate with partners to develop future digital services and applications.
YTD Price Performance: 45.07%
Average Trading Volume: 2,565,529
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.32B
For a thorough assessment of 0HAF stock, go to TipRanks’ Stock Analysis page.
