Nokia Launches €900 Million Share Buyback Program

Nokia Corporation has initiated a strategic share buyback program aimed at repurchasing up to 150 million shares for a total of EUR 900 million, following the dilution effects from issuing new shares to Infinera Corporation shareholders. The program, which complies with EU regulations, commenced on November 25, 2024, and is set to conclude by December 31, 2025. On December 27, 2024, Nokia repurchased 875,685 shares at an average price of €4.27, spending approximately €3.74 million. This initiative reflects Nokia's commitment to stabilizing shareholder value and enhancing its market position amidst ongoing corporate transitions. As a leader in B2B technology, Nokia focuses on developing networks that integrate mobile, fixed, and cloud technologies, underpinned by research from Nokia Bell Labs. The buyback program is part of Nokia's broader strategy to manage its share capital effectively in a competitive market.