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Nokia ( (GB:0HAF) ) just unveiled an announcement.
Nokia has initiated a stock repurchase program to offset the dilution effects related to shares issued to Infinera Corporation shareholders and certain stock-based incentives. The buyback, which complies with European regulations and is authorized by Nokia’s shareholders, aims to acquire up to 150 million shares with a budget of up to 900 million euros by the end of 2025. As of December 12, 2024, Nokia has repurchased shares worth 3,676,744 euros, increasing its treasury share count to 213,393,499. This strategic move is expected to strengthen Nokia’s market position and provide value to its stakeholders.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in advanced network solutions that integrate seamlessly with various ecosystems. With expertise in fixed, mobile, and cloud networking, Nokia creates value through intellectual property and long-term R&D led by Nokia Bell Labs. Their solutions, built on open architecture, offer new opportunities for network commercialization and scaling, trusted by service providers, enterprises, and partners globally for performance, responsibility, and security standards.
YTD Price Performance: 40.84%
Average Trading Volume: 2,739,164
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €22.76B
For an in-depth examination of 0HAF stock, go to TipRanks’ Stock Analysis page.
