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Nokia ( (GB:0HAF) ) has shared an update.
Nokia Corporation has announced a share buyback on January 24, 2025, as part of its program to mitigate the dilutive effect of new shares issued following the acquisition of Infinera Corporation. The program, which started in November 2024, aims to repurchase 150 million shares with a maximum budget of EUR 900 million, concluding by the end of 2025. The recent transactions involved buying 872,093 shares at a cost of EUR 3,835,814, increasing Nokia’s treasury shares to over 231 million. This move is expected to stabilize share value and demonstrates Nokia’s commitment to shareholder value.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on pioneering networks across mobile, fixed, and cloud sectors. The company leverages its expertise in intellectual property and long-term research, spearheaded by Nokia Bell Labs, to create open architectures that integrate into various ecosystems. Nokia’s high-performance networks are trusted by service providers, enterprises, and partners globally for secure, reliable, and sustainable solutions.
YTD Price Performance: 5.87%
Average Trading Volume: 2,117,591
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.56B
For an in-depth examination of 0HAF stock, go to TipRanks’ Stock Analysis page.
