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The latest announcement is out from Nokia ( (GB:0HAF) ).
Nokia has initiated a share buyback program to address potential dilution effects from shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. As part of this program, Nokia recently acquired over 872,000 of its own shares, with the total buyback aiming to repurchase 150 million shares, using a budget of up to 900 million euros. This move, compliant with EU regulations, is intended to strengthen Nokia’s market position by managing share dilution, potentially enhancing shareholder value and bolstering investor confidence.
More about Nokia
Nokia is a leader in B2B technology and innovation, focusing on creating advanced network solutions that enable seamless integration with various ecosystems. Known for its expertise in fixed, mobile, and cloud service networks, Nokia leverages intellectual property and extensive research, notably through Nokia Bell Labs, to drive value creation. The company’s open-architecture network solutions are recognized for their performance, sustainability, and security standards, serving service providers, businesses, and partners worldwide.
YTD Price Performance: 4.65%
Average Trading Volume: 2,427,137
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.92B
Find detailed analytics on 0HAF stock on TipRanks’ Stock Analysis page.
