Nokia ( (GB:0HAF) ) has issued an update.
Nokia announced the repurchase of its own 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 up to 150 million shares with a budget of 900 million euros. As of March 20, 2025, Nokia has repurchased shares worth approximately 18.96 million euros, bringing its total holdings to over 186 million shares. This strategic move is in line with European regulations and reflects Nokia’s commitment to maintaining shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in advanced network solutions that integrate seamlessly across ecosystems. With a strong foundation in fixed, mobile, and cloud network expertise, Nokia has been a pioneer in creating value through intellectual property and research, led by the renowned Nokia Bell Labs for over a century. The company is trusted globally for its network performance, sustainability, and security standards, collaborating with partners to develop future digital services and applications.
YTD Price Performance: 16.52%
Average Trading Volume: 2,606,152
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €26.8B
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