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An update from Nokia ( (GB:0HAF) ) is now available.
Nokia has announced the repurchase of its own shares as part of a buyback program initiated to compensate for the dilution effect of shares given to Infinera Corporation’s shareholders and certain stock-based incentives. The program, authorized by the company’s board and in line with European regulations, aims to acquire up to 150 million shares with a maximum budget of 900 million euros by the end of 2025. This strategic move underscores Nokia’s commitment to maintaining shareholder value and aligning its capital structure with strategic business objectives.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in advanced network solutions for fixed, mobile, and cloud services. The company is known for its pioneering work in creating seamless network architectures that integrate with diverse ecosystems, enhancing network commercialization and scalability. Nokia’s excellence is driven by its intellectual property, research, and development efforts, spearheaded by the renowned Nokia Bell Labs. With a commitment to performance, responsibility, and security standards, Nokia collaborates with global partners to develop future digital services and applications.
YTD Price Performance: 3.36%
Average Trading Volume: 2,451,525
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.02B
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