Nokia ( (GB:0HAF) ) has issued an announcement.
Nokia has completed its share buyback program, initiated in November 2024, to offset the dilutive effect of its acquisition of Infinera. The company repurchased 150 million shares, reducing its unrestricted equity by approximately EUR 703 million. This strategic move is expected to impact Nokia’s financial structure by canceling the acquired shares, potentially enhancing shareholder value and strengthening its market position.
More about Nokia
Nokia is a B2B technology innovation leader focused on pioneering networks that sense, think, and act across mobile, fixed, and cloud networks. The company creates value through intellectual property and long-term research, led by Nokia Bell Labs. Nokia’s high-performance networks offer open architectures that integrate into any ecosystem, providing secure, reliable, and sustainable networks for service providers, enterprises, and partners worldwide.
YTD Price Performance: 18.18%
Average Trading Volume: 2,607,525
Technical Sentiment Signal: Sell
Current Market Cap: €26.01B
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