Nokia ( (GB:0HAF) ) has shared an update.
Nokia has initiated a share buyback program to offset the dilution effects of shares issued to Infinera Corporation shareholders and certain stock-based incentives. The program, which started on November 25, 2024, aims to acquire 150 million shares with a total expenditure of up to 900 million euros, and is set to conclude by December 31, 2025. As of February 25, 2025, Nokia acquired shares worth 6,466,116 euros, bringing its total ownership to 258,517,814 shares. This strategic move is in compliance with EU regulations and authorized by Nokia’s annual general meeting, reflecting the company’s commitment to managing its capital structure effectively.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering future-ready network solutions that sense, think, and act intelligently. With expertise in fixed, mobile, and cloud service networks, Nokia has been creating value through intellectual property and long-term research and development, led by the acclaimed Nokia Bell Labs, for over 100 years. Their efficient network solutions, based on open architecture, integrate seamlessly into various ecosystems, offering new opportunities for network commercialization and scaling. Service providers, businesses, and partners globally trust Nokia’s network performance, sustainability, and security standards.
YTD Price Performance: 11.91%
Average Trading Volume: 2,672,805
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.39B
See more data about 0HAF stock on TipRanks’ Stock Analysis page.