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An announcement from Nokia ( (GB:0HAF) ) is now available.
Nokia Corporation announced the repurchase of 1,221,522 of its own shares as part of a buyback program initiated to counteract the dilutive effects of new shares issued in connection with the acquisition of Infinera Corporation. The buyback program, authorized by Nokia’s Annual General Meeting and compliant with EU regulations, aims to repurchase up to 150 million shares by the end of 2025. This strategic move is expected to impact Nokia’s market positioning by stabilizing its share value and strengthening shareholder confidence.
More about Nokia
Nokia is a B2B technology innovation leader creating networks that sense, think, and act across mobile, fixed, and cloud networks. The company is known for its intellectual property and research led by Nokia Bell Labs, offering secure and reliable networks that integrate into diverse ecosystems, trusted by service providers, enterprises, and partners worldwide.
YTD Price Performance: 6.21%
Average Trading Volume: 2,580,368
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.75B
Find detailed analytics on 0HAF stock on TipRanks’ Stock Analysis page.
