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Nokia ( (GB:0HAF) ) just unveiled an announcement.
Nokia announced it has repurchased its shares as part of a buyback program initiated to offset the dilution effects of shares to be issued to Infinera Corporation shareholders and certain stock-based incentives. The program, authorized by the company’s board, aims to acquire 150 million shares for up to 900 million euros by the end of 2025. The recent purchase on December 18, 2024, involved 872,093 shares at a total cost of 3,745,465 euros, bringing Nokia’s total treasury shares to 216,881,871. This strategic move is in compliance with EU regulations, reflecting Nokia’s commitment to managing its capital structure effectively.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering future-sensing, intelligent network solutions. The company excels in fixed, mobile, and cloud networking, creating value through intellectual property and long-term research led by Nokia Bell Labs. Its open architecture network solutions integrate seamlessly with ecosystems, enabling new opportunities for network commercialization and scaling. Nokia’s networks are trusted globally for their performance, responsibility, and security standards, as it collaborates with partners to develop future digital services and applications.
YTD Price Performance: 42.77%
Average Trading Volume: 2,649,572
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €22.98B
Learn more about 0HAF stock on TipRanks’ Stock Analysis page.
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