Nokia ( (GB:0HAF) ) just unveiled an update.
Nokia has completed its share buyback program initiated in November 2024, aimed at offsetting the dilution effect from the Infinera acquisition. The company repurchased 150 million shares at an average price of 4.69 euros per share, reducing its free equity by approximately 703 million euros. The acquired shares will be canceled in April 2025, and the buyback was conducted through public trading on Nasdaq Helsinki and certain multilateral trading facilities. This strategic move is expected to strengthen Nokia’s financial position and reassure stakeholders of its commitment to maintaining shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering future-ready network solutions that are intelligent and perceptive. The company excels in fixed, mobile, and cloud network technologies, leveraging its expertise and the award-winning Nokia Bell Labs to create value through intellectual property and long-term research and development. Nokia’s efficient network solutions, based on open architecture, integrate seamlessly with various ecosystems, enabling network commercialization and scalability. Trusted by service providers, enterprises, and partners worldwide, Nokia is committed to network performance, sustainability, and security standards, working collaboratively to develop 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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