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Nokia ( (GB:0HAF) ) has shared an update.
Nokia announced a share buyback program to counteract the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The program, which began in November 2024 and will conclude by the end of 2025, aims to acquire 150 million shares with a total expenditure of up to 900 million euros. As of December 23, 2024, Nokia has repurchased shares worth 3.68 million euros, bringing its total holding to over 219 million shares. This strategic move is designed to manage equity dilution while maintaining stakeholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, known for pioneering intelligent network solutions that integrate seamlessly across ecosystems. The company excels in fixed, mobile, and cloud network services, offering high-performance, sustainable, and secure networking solutions. Nokia’s competitive edge is driven by its intellectual property and long-term research led by Nokia Bell Labs, enabling the development of future digital services and applications.
YTD Price Performance: 42.56%
Average Trading Volume: 2,599,109
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23B
Find detailed analytics on 0HAF stock on TipRanks’ Stock Analysis page.
