Nokia ( (GB:0HAF) ) just unveiled an announcement.
Nokia announced the repurchase of 1.4 million of its own shares as part of a buyback program aimed at counteracting the dilution effects of shares issued to Infinera Corporation’s shareholders. This initiative is part of a larger program to acquire up to 150 million shares, with a total budget of 900 million euros, and is set to conclude by the end of 2025. The buyback aligns with European regulations and Nokia’s strategic goals, potentially impacting its market position and shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering advanced network solutions that integrate seamlessly into various ecosystems. The company has a strong foundation in fixed, mobile, and cloud network services, and is known for its intellectual property and research led by the renowned Nokia Bell Labs. Nokia’s network solutions are trusted globally for their performance, responsibility, and security standards.
YTD Price Performance: 11.87%
Average Trading Volume: 2,750,537
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.4B
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