Nokia Announces Share Buyback Program in 2025
Nokia Announces Share Buyback Program in 2025

Nokia Announces Share Buyback Program in 2025

News summary

Nokia Corporation has launched a significant share buyback program aimed at counteracting the dilution effects from issuing new shares to Infinera Corporation's shareholders. On January 14, 2025, the company repurchased 872,093 shares at an average price of €4.38, totaling approximately €3.82 million. This buyback is part of a larger initiative announced on November 22, 2024, which seeks to buy back up to 150 million shares by the end of 2025 for a maximum cost of €900 million. Nokia's strategy is designed to enhance shareholder value while optimizing its capital structure. As a leader in B2B technology, Nokia is committed to developing advanced network solutions and continues to invest in research and development through Nokia Bell Labs. The buyback program reflects Nokia's dedication to maintaining strong market performance and delivering long-term benefits to its shareholders.

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