An update from Nokia ( (GB:0HAF) ) is now available.
Nokia Oyj 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 will run until the end of 2025, aims to acquire 150 million shares with a total expenditure of up to 900 million euros. As of April 1, 2025, Nokia has repurchased shares worth approximately 19.66 million euros, bringing its total ownership to over 217 million shares. This strategic move is expected to strengthen Nokia’s market position and reassure stakeholders of its commitment to maintaining shareholder value.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering advanced network solutions that sense, think, and act intelligently. With expertise in fixed, mobile, and cloud network services, Nokia has been creating value through intellectual property and research, led by Nokia Bell Labs, for over a century. Their efficient network solutions, based on open architecture, integrate seamlessly into various ecosystems, enabling new opportunities for network commercialization and scaling. Trusted by service providers, enterprises, and partners worldwide, Nokia is committed to performance, responsibility, and security standards, working collaboratively to develop future digital services and applications.
YTD Price Performance: 14.00%
Average Trading Volume: 2,582,167
Technical Sentiment Signal: Sell
Current Market Cap: €26.01B
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