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ESPOO - Nokia Oyj (NYSE:NOK) has recently acquired 4,672,426 of its own shares, as part of its ongoing share buyback program initiated to mitigate the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives. The transactions, executed on various marketplaces on March 27, 2025, had a weighted average price per share of €4.88, totaling €22,782,749.
The buyback program, which began on November 25, 2024, follows the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, and complies with the Market Abuse Regulation (EU) 596/2014 (MAR), as well as the Commission Delegated Regulation (EU) 2016/1052. The program aims to repurchase up to 150 million shares with a maximum total expenditure of €900 million and is set to conclude by December 31, 2025, at the latest.
Following the recent transactions, Nokia holds 204,719,506 of its own shares. The company’s leadership in B2B technology and innovation is grounded in its expertise in fixed, mobile, and cloud network solutions, as well as the value created through intellectual property rights and long-term research and development led by the award-winning Nokia Bell Labs.
Nokia’s high-performance network solutions, based on open architecture, integrate seamlessly into various ecosystems, opening new commercialization and scaling opportunities for network providers, enterprises, and partners worldwide. The company continues to collaborate with partners to develop future digital services and applications.
This information is based on a press release statement from Nokia Oyj.
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