ESPOO – Nokia Oyj (HEL:HE:NOKIA) announced on Friday that it has continued its share repurchase program by acquiring 872,093 of its own shares at an average price of €4.40 per share. This transaction is part of a broader effort to mitigate the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and related stock-based incentive plans.
The buyback initiative, which is in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, began on November 25, 2024, and is expected to conclude by December 31, 2025. The program aims to repurchase up to 150 million shares, with a maximum total expenditure of €900 million.
As of the latest transaction, Nokia's treasury holds 231,670,526 of its own shares. The total cost for the shares acquired on January 24, 2025, amounted to approximately €3.8 million.
The repurchase program is a strategic move by the Finnish telecommunications company, which positions itself as a leader in technology that enables global connectivity. With a strong foundation in both fixed and mobile networks, as well as cloud services, Nokia continues to innovate through its B2B technology solutions. The company emphasizes its commitment to performance, responsibility, and security standards in its network offerings, relying on the expertise of its award-winning Nokia Bell Labs for research and development.
This information is based on a press release statement. The share repurchase is part of Nokia's ongoing strategy to enhance value for its shareholders and to adjust the capital structure of the company accordingly.
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