Nokia ( (GB:0HAF) ) has issued an announcement.
Nokia Corporation announced the repurchase of 1.4 million of its own shares at an average price of EUR 4.74 per share, as part of a share buyback program initiated to offset the dilutive effects of new shares issued to Infinera Corporation shareholders. This buyback is part of a larger plan to repurchase up to 150 million shares by the end of 2025, with a total budget of EUR 900 million. The repurchase aims to strengthen Nokia’s market position and reassure stakeholders by managing share dilution effectively.
More about Nokia
Nokia is a B2B technology innovation leader that focuses on pioneering networks across mobile, fixed, and cloud domains. The company leverages its expertise in intellectual property and long-term research, led by Nokia Bell Labs, to deliver secure, reliable, and sustainable networks. Nokia’s open architectures integrate seamlessly into ecosystems, providing opportunities for monetization and scale for service providers, enterprises, and partners globally.
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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