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Nokia ( (GB:0HAF) ) has shared an update.
Nokia Corporation has initiated a share buyback program, repurchasing its own shares to mitigate the dilutive impact of new shares issued to Infinera Corporation shareholders and related incentives. The buyback, which complies with EU regulations, aims to repurchase 150 million shares, with a maximum purchase price of EUR 900 million. As part of this program, Nokia repurchased 868,501 shares on 23 December 2024, at a total cost of EUR 3,687,655, bringing its treasury share holdings to 219,494,558. This move reflects Nokia’s strategic focus on managing share dilution and strengthening stakeholder value.
More about Nokia
Nokia is a leader in B2B technology innovation, specializing in mobile, fixed, and cloud networks. The company leverages its expertise to create technology that integrates into open architectures, enabling monetization and scalability. With Nokia Bell Labs leading long-term research, Nokia is trusted globally to deliver secure and sustainable network solutions, and it collaborates with service providers, enterprises, and partners to develop 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
See more data about 0HAF stock on TipRanks’ Stock Analysis page.
