Nokia ( (GB:0HAF) ) has provided an update.
Nokia Oyj announced the repurchase of its own shares as part of a buyback program initiated to offset the dilution effect related to shares issued to Infinera Corporation stakeholders. The program, which started in November 2024, aims to acquire up to 150 million shares with a budget of 900 million euros. As of February 13, 2025, Nokia has acquired shares worth 6.57 million euros, increasing its total owned shares to 247,809,658. This strategic move is expected to impact stakeholder value and enhance Nokia’s market positioning.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering future-ready, intelligent network solutions. With expertise in fixed, mobile, and cloud networks, Nokia has been creating value through intellectual property and research and development for over a century, notably with the Nokia Bell Labs. Their network solutions are based on open architecture, seamlessly integrating into various ecosystems to enable commercialization and scaling. Trusted by service providers, enterprises, and partners worldwide, Nokia focuses on performance, sustainability, and security in its network offerings.
YTD Price Performance: 11.94%
Average Trading Volume: 2,967,632
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.92B
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