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Nokia ( (GB:0HAF) ) has shared an update.
Nokia announced it has executed a share buyback as part of a program initiated to offset potential dilution from shares issued to Infinera Corporation shareholders and certain stock-based incentives. The buyback, which began on November 25, 2024, aims to repurchase up to 150 million shares with a budget of up to 900 million euros, according to regulations including the EU’s market abuse regulation. As of January 7, 2025, Nokia has acquired shares amounting to a total cost of 3,898,081 euros, increasing its treasury shares to 223,858,615. This strategic move is expected to strengthen Nokia’s financial structure and market positioning by managing share dilution effectively.
More about Nokia
Nokia is a leader in the B2B technology and innovation sector, specializing in advanced network solutions that integrate seamlessly across ecosystems. The company is recognized for its expertise in fixed, mobile, and cloud service networks, leveraging intellectual property and research led by Nokia Bell Labs to create value. Nokia’s solutions are trusted globally for their performance, sustainability, and security standards, and the company collaborates with partners to develop future digital services and applications.
YTD Price Performance: 0.21%
Average Trading Volume: 2,543,184
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.36B
See more data about 0HAF stock on TipRanks’ Stock Analysis page.
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