Nokia Launches €900 Million Share Buyback Program

Nokia Corporation has launched a significant share buyback program aimed at repurchasing up to 150 million shares for a maximum of €900 million by the end of 2025. This initiative, which commenced on November 25, 2024, seeks to counterbalance the dilution caused by newly issued shares to Infinera Corporation's shareholders and related incentives. As of January 7, 2025, Nokia has already repurchased over 872,000 shares, totaling approximately €3.9 million in expenditures. The program is aligned with the European Market Abuse Regulation and was authorized by Nokia's Annual General Meeting earlier in April 2024. By enhancing shareholder value and reinforcing investor confidence, Nokia aims to strengthen its market position while emphasizing its role as a leader in B2B technology and innovative network solutions. Their efforts leverage advanced research from Nokia Bell Labs, focusing on secure and sustainable high-performance networks.