Nokia ( (GB:0HAF) ) has shared an update.
Nokia Corporation has transferred over 127 million of its shares to Citibank for distribution to Infinera Corporation shareholders as part of its acquisition of the company. This strategic move, based on a merger agreement from June 2024, reflects Nokia’s ongoing efforts to expand its market presence and enhance its technological capabilities, potentially impacting its industry positioning and stakeholder interests.
More about Nokia
Nokia is a B2B technology innovation leader specializing in mobile, fixed, and cloud networks. The company is known for its pioneering work in creating networks that sense, think, and act, leveraging its expertise in intellectual property and long-term research, primarily through Nokia Bell Labs. Nokia’s high-performance networks offer open architectures that integrate seamlessly into any ecosystem, providing secure, reliable, and sustainable solutions for service providers, enterprises, and partners globally.
YTD Price Performance: 11.30%
Average Trading Volume: 2,776,478
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.25B
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