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Nokia ( (GB:0HAF) ) has provided an update.
Nokia has initiated a share repurchase program as announced on November 22, 2024, to offset the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The buyback is conducted under EU regulations and aims to acquire up to 150 million shares, with a maximum budget of 900 million euros, running until December 31, 2025. On January 28, 2025, Nokia repurchased shares worth 3.76 million euros, bringing its total ownership to over 233 million shares. This strategic move underlines Nokia’s commitment to maintaining shareholder value amid its ongoing market operations.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in advanced network solutions that integrate seamlessly into various ecosystems. The company is renowned for its expertise in fixed, mobile, and cloud service networks, and it leverages its intellectual property and extensive R&D, led by Nokia Bell Labs, to drive future digital services and applications.
YTD Price Performance: 1.71%
Average Trading Volume: 2,612,298
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.6B
For an in-depth examination of 0HAF stock, go to TipRanks’ Stock Analysis page.
