An update from Nokia ( (GB:0HAF) ) is now available.
Nokia Corporation has repurchased over 3 million of its own shares as part of a share buyback program aimed at offsetting the dilutive effects of new shares issued to Infinera Corporation shareholders. This program, which began in November 2024 and is set to conclude by the end of 2025, targets the repurchase of 150 million shares with a maximum expenditure of EUR 900 million. The recent transaction cost Nokia approximately EUR 14.8 million, and the company now holds over 220 million treasury shares. This strategic move is expected to strengthen Nokia’s market position and provide value to its stakeholders.
More about Nokia
Nokia is a B2B technology innovation leader that focuses on pioneering networks across mobile, fixed, and cloud domains. The company is known for its high-performance networks and intellectual property, supported by Nokia Bell Labs. Nokia provides secure and sustainable network solutions for service providers, enterprises, and partners globally, facilitating the creation of future digital services and applications.
YTD Price Performance: 18.18%
Average Trading Volume: 2,607,525
Technical Sentiment Signal: Sell
Current Market Cap: €26.01B
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