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Nokia ( (GB:0HAF) ) has shared an update.
Nokia Corporation has initiated a share buyback program to mitigate the dilutive effect of new shares issued to Infinera Corporation shareholders. On January 27, 2025, Nokia repurchased 872,093 of its own shares at an average price of EUR 4.34 per share, with a total transaction cost of EUR 3,786,889. This move is part of a broader plan to repurchase 150 million shares by the end of 2025, with a maximum budget of EUR 900 million, reinforcing Nokia’s strategic financial management approach.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on creating networks that sense, think, and act across mobile, fixed, and cloud networks. The company is known for its open architectures and high-performance networks that integrate seamlessly into various ecosystems, providing secure and sustainable solutions for service providers, enterprises, and partners worldwide. Nokia is also recognized for its intellectual property and long-term research through Nokia Bell Labs.
YTD Price Performance: 1.69%
Average Trading Volume: 2,096,776
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.6B
For a thorough assessment of 0HAF stock, go to TipRanks’ Stock Analysis page.
