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Nokia ( (GB:0HAF) ) has issued an announcement.
Nokia Corporation announced the repurchase of 875,685 of its own shares on December 27, 2024, as part of a broader share buyback program initiated to offset the issuance of new shares resulting from its acquisition of Infinera Corporation. This program, which aims to repurchase 150 million shares for a maximum of EUR 900 million, will help manage the dilutive impact of new share issues and is conducted under compliance with EU regulations and authorization from Nokia’s Annual General Meeting. The repurchase reflects Nokia’s strategic financial management efforts and may impact its market positioning by stabilizing share value amid its ongoing corporate activities.
More about Nokia
Nokia is a B2B technology innovation leader that focuses on pioneering networks across mobile, fixed, and cloud platforms. The company creates value through intellectual property and long-term research led by Nokia Bell Labs. It offers open architectures and high-performance networks that integrate into any ecosystem, providing secure, reliable, and sustainable networking solutions for service providers, enterprises, and partners worldwide.
YTD Price Performance: 43.58%
Average Trading Volume: 2,556,884
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.08B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
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