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Nokia ( (GB:0HAF) ) just unveiled an announcement.
Nokia Corporation has initiated a share buyback program to mitigate the dilutive effects of issuing new shares to Infinera Corporation shareholders. On January 9, 2025, Nokia repurchased 872,093 of its own shares at an average price of EUR 4.44 per share, as part of a broader plan to buy back up to 150 million shares by the end of 2025, with a maximum budget of EUR 900 million. This move is in compliance with EU regulations and aims to strengthen Nokia’s market position by managing share dilution.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on creating networks that sense, think, and act across mobile, fixed, and cloud platforms. The company is known for its high-performance networks that integrate seamlessly into various ecosystems, providing secure and reliable digital services. Nokia’s work is supported by its intellectual property and long-term research arm, Nokia Bell Labs.
YTD Price Performance: 5.02%
Average Trading Volume: 2,488,132
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.36B
Find detailed analytics on 0HAF stock on TipRanks’ Stock Analysis page.
