Nokia Initiates €900 Million Share Buyback Program

Nokia Corporation has launched a strategic share buyback program to offset the dilution effects caused by issuing new shares to Infinera Corporation's shareholders. The program, authorized in April 2024, aims to repurchase up to 150 million shares with a budget of 900 million euros by the end of 2025. Recently, Nokia repurchased over 872,000 shares for approximately 3.88 million euros, increasing its treasury stock to over 231 million shares. This initiative reflects Nokia's commitment to enhancing shareholder value and maintaining robust financial health in the competitive B2B technology landscape. The company's focus on intelligent network solutions continues to drive its innovation and market presence. With these actions, Nokia also aims to instill investor confidence amid evolving economic conditions.