Nokia Launches Major Share Buyback Program

Nokia Corporation has initiated a significant share buyback program to counteract dilution effects from shares issued to Infinera Corporation's shareholders and employee incentives. On December 16, 2024, the company repurchased 859,289 shares at an average price of EUR 4.25, spending approximately EUR 3.65 million, which is part of a broader goal to reacquire up to 150 million shares by the end of 2025, with a total budget not exceeding EUR 900 million. This initiative, sanctioned by Nokia's Annual General Meeting, complies with European regulatory standards. Following these transactions, Nokia now holds 215,124,881 treasury shares, reflecting its commitment to optimizing shareholder value. The firm is recognized as a leader in B2B technology and network solutions, backed by its research unit, Nokia Bell Labs. Despite a strong year-to-date price performance of 42.36%, Nokia's stock is currently rated as a 'Sell' by analysts.