Nokia Strengthens Market Position with Strategic Share Buyback

Nokia ( (GB:0HAF) ) has provided an announcement.

Nokia announced the repurchase of its shares as part of a buyback program initiated to offset the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The program, which began in November 2024 and is set to conclude by the end of 2025, aims to acquire 150 million shares with a total expenditure of up to 900 million euros. As of March 5, 2025, Nokia has repurchased shares worth 17,116,279 euros, increasing its treasury shares to 146,047,975. This strategic move is expected to strengthen Nokia’s market position and reassure stakeholders of its commitment to shareholder value.

More about Nokia

Nokia is a leader in B2B technology and innovation, pioneering advanced network solutions that sense, think, and act. With expertise in fixed, mobile, and cloud network services, Nokia has been creating value through intellectual property and research, led by Nokia Bell Labs for over a century. Their open architecture network solutions integrate seamlessly with various ecosystems, enabling new opportunities for network commercialization and scaling. Nokia’s networks are trusted globally for their performance, responsibility, and security standards, as they work with partners to develop future digital services and applications.

YTD Price Performance: 10.54%

Average Trading Volume: 2,776,067

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €25.13B

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