Nokia ( (GB:0HAF) ) has shared 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 total budget of 900 million euros. As of March 31, 2025, Nokia has repurchased a total of 4,174,747 shares at an average price of 4.82 euros per share, bringing its total ownership to 213,560,284 shares. This strategic move is expected to strengthen Nokia’s market position and shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in advanced network solutions that integrate seamlessly with various ecosystems. With a strong foundation in fixed, mobile, and cloud network expertise, Nokia has been at the forefront of creating value through intellectual property and long-term research and development, led by the renowned Nokia Bell Labs for over a century. The company is trusted globally for its network performance, sustainability, and security standards, working with partners to develop future digital services and applications.
YTD Price Performance: 15.33%
Average Trading Volume: 2,614,155
Technical Sentiment Signal: Sell
Current Market Cap: €26.23B
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