Nokia ( (GB:0HAF) ) just unveiled an update.
Nokia announced the buyback of its own shares as part of a program to offset the dilution effect of shares and incentives provided to Infinera Corporation’s shareholders. This effort is in line with European regulations and aims to acquire 150 million shares, with a maximum spend of 900 million euros, to be completed by the end of 2025. As of February 12, 2025, the company has repurchased shares worth over 6 million euros, holding over 246 million of its own shares. This move reflects Nokia’s strategic financial management and commitment to maintaining shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering future-sensing, intelligent network solutions. With expertise in fixed, mobile, and cloud services networks, Nokia has been creating value through intellectual property and R&D, led by Nokia Bell Labs, for over 100 years. Their solutions, based on open architecture, integrate seamlessly with various ecosystems, enabling network commercialization and scalability. Nokia’s networks are trusted globally for performance, responsibility, and security standards, collaborating with partners to develop future digital services and applications.
YTD Price Performance: 10.95%
Average Trading Volume: 2,855,719
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.56B
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