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Nokia ( (GB:0HAF) ) has provided an announcement.
Nokia Corporation announced the repurchase of its own shares as part of a buyback program initiated to mitigate the dilutive effects of newly issued shares related to Infinera Corporation acquisitions. On January 31, 2025, Nokia repurchased 872,093 shares at a weighted average price of EUR 4.49 per share, with the total cost being EUR 3,912,384. The share 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, with a maximum budget of EUR 900 million.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on creating networks that sense, think, and act across mobile, fixed, and cloud infrastructures. The company is known for its intellectual property and research initiatives, particularly through Nokia Bell Labs. Nokia provides high-performance, secure, and sustainable network solutions, trusted globally by service providers, enterprises, and partners to develop digital services and applications.
YTD Price Performance: 7.46%
Average Trading Volume: 2,572,081
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.01B
See more insights into 0HAF stock on TipRanks’ Stock Analysis page.
