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Nokia ( (GB:0HAF) ) has provided an update.
Nokia Oyj announced the repurchase of its own shares as part of a buyback program aimed at offsetting the dilution effects of shares to be issued to Infinera Corporation shareholders. The program, authorized by the company’s board and adhering to EU regulations, began in November 2024 and is set to conclude by the end of 2025, targeting the acquisition of 150 million shares with a budget of up to 900 million euros. The recent repurchase of shares on December 17, 2024, amounted to a total cost of 3,741,698 euros, increasing Nokia’s self-owned shares to 216 million. This move is part of Nokia’s strategic efforts to manage its capital structure and shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering intelligent and future-sensing network solutions. The company’s expertise spans fixed, mobile, and cloud network services, supported by intellectual property and research led by Nokia Bell Labs. Its efficient, open-architecture network solutions integrate seamlessly across ecosystems, offering commercial scalability and new opportunities. Nokia is trusted globally for its network performance, responsibility, and security standards, working with partners to develop future digital services and applications.
YTD Price Performance: 43.27%
Average Trading Volume: 2,691,053
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.2B
For a thorough assessment of 0HAF stock, go to TipRanks’ Stock Analysis page.
