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Nokia ( (GB:0HAF) ) has shared an announcement.
Nokia Corporation has executed a share buyback program, repurchasing 872,093 of its own shares on January 15, 2025, at an average price of EUR 4.45 per share. This move is part of a strategic initiative to counteract the dilution from newly issued shares related to its acquisition of Infinera Corporation. The buyback program, which began in November 2024 and will conclude by the end of 2025, aims to repurchase up to 150 million shares with a maximum budget of EUR 900 million. This strategy underscores Nokia’s commitment to managing shareholder value and maintaining market confidence.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on developing networks that integrate mobile, fixed, and cloud technologies. With a strong emphasis on intellectual property and research, primarily through Nokia Bell Labs, Nokia provides secure, reliable, and scalable network solutions to service providers, enterprises, and partners globally.
YTD Price Performance: 3.12%
Average Trading Volume: 2,460,111
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.92B
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