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Nokia ( (GB:0HAF) ) has provided an update.
Nokia has initiated a share buyback program to counteract the dilution effects of shares issued to Infinera Corporation shareholders and certain stock-based incentives. This program, authorized by the company’s board, aims to acquire up to 150 million shares with a budget of 900 million euros, running until the end of 2025. As of January 2, 2025, Nokia has purchased shares worth approximately 3.75 million euros as part of this initiative, now holding over 222 million own shares. This move reflects Nokia’s strategic efforts to manage its capital structure and shareholder value, maintaining its competitive edge in the technology industry.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering intelligent network solutions that sense and think for the future. The company excels in fixed, mobile, and cloud network services, leveraging its expertise in intellectual property and research led by Nokia Bell Labs. With efficient network solutions based on open architecture, Nokia integrates seamlessly into various ecosystems, enhancing network monetization and scalability. The company is trusted globally for its network performance, responsibility, and security standards, collaborating with partners to develop future digital services and applications.
Average Trading Volume: 2,549,441
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.27B
See more data about 0HAF stock on TipRanks’ Stock Analysis page.
