Nokia ( (GB:0HAF) ) has provided an announcement.
Nokia announced the repurchase of its own shares as part of a buyback program intended to offset the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The program, which began in November 2024 and is set to conclude by the end of 2025, aims to acquire 150 million shares with a total budget of up to 900 million euros. As of March 3, 2025, Nokia has acquired over 3.3 million shares at a cost of 16.16 million euros, bringing its total holdings to over 138 million shares. This move is part of Nokia’s strategic efforts to manage its capital structure and shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, focusing on advanced network solutions that integrate seamlessly into various ecosystems. With expertise in fixed, mobile, and cloud network services, Nokia has been at the forefront of creating value through intellectual property and long-term R&D, led by the renowned Nokia Bell Labs for over a century. Their solutions are trusted globally for performance, sustainability, and security standards, and they collaborate with partners to develop future digital services and applications.
YTD Price Performance: 9.73%
Average Trading Volume: 2,692,421
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.9B
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