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Nokia ( (GB:0HAF) ) has shared an update.
Nokia Corporation has initiated a share buyback program to counteract the dilutive effect of new shares issued for Infinera Corporation shareholders. On January 13, 2025, Nokia repurchased 872,093 shares at an average price of EUR 4.34 per share, totaling a cost of EUR 3,782,267. This move is part of a larger plan to repurchase 150 million shares by the end of 2025, with a maximum aggregate purchase price of EUR 900 million. This strategic initiative is expected to impact Nokia’s market positioning by managing share dilution and reinforcing investor confidence.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on mobile, fixed, and cloud networks. The company leverages its expertise in networks to pioneer technology that enables seamless integration into ecosystems, delivering secure, reliable, and sustainable networks to service providers, enterprises, and partners worldwide. Nokia Bell Labs leads its long-term research efforts, contributing to the development of future digital services and applications.
YTD Price Performance: 3.36%
Average Trading Volume: 2,451,525
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.02B
See more data about 0HAF stock on TipRanks’ Stock Analysis page.
