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The latest update is out from Nokia ( (GB:0HAF) ).
Nokia Corporation has repurchased 884,897 of its own shares as part of a share buyback program initiated to offset the dilutive effect of shares issued to Infinera Corporation’s shareholders. The program, which allows for the repurchase of up to 150 million shares at a maximum total cost of EUR 900 million, adheres to EU regulations and is set to continue until the end of 2025. The transaction on 17 December 2024 amounted to EUR 3,741,698, with Nokia now holding a total of 216,009,778 treasury shares. This move is strategic to maintain investor confidence and manage share dilution, important for Nokia’s market positioning and stakeholder interests.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on pioneering networks that sense, think, and act. The company leverages its expertise across mobile, fixed, and cloud networks, providing secure, reliable, and sustainable network solutions. Nokia is supported by Nokia Bell Labs, known for long-term research and intellectual property advancements, and serves service providers, enterprises, and partners globally.
YTD Price Performance: 43.27%
Average Trading Volume: 2,691,053
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.2B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
