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ESPOO – Nokia Oyj (HEL:HE:NOKIA) has completed a share repurchase on March 31, 2025, as part of its program to mitigate the dilution effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives. The Finnish telecommunications company announced the repurchase of 4,174,747 shares across multiple trading venues, including XHEL and CEUX, with a weighted average price of €4.82 per share.
The buyback initiative, which began on November 25, 2024, follows the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, and is in line with the Market Abuse Regulation (EU) 596/2014 (MAR) and the delegated regulation (EU) 2016/1052. With a target of acquiring 150 million shares, the program allocates a maximum total sum of €900 million for the repurchases and is set to conclude by December 31, 2025.
The transactions carried out on the last day of March amounted to a total price of €20,131,882. Following these acquisitions, Nokia now holds 213,560,284 of its own shares.
This share repurchase is part of Nokia’s ongoing strategy to align its capital structure and return value to shareholders. Nokia, a leader in B2B technology and innovation, continues to pioneer future network solutions through its long-standing commitment to research and development, led by the award-winning Nokia Bell Labs.
The company, known for creating technology that connects the world, maintains a leading position in fixed, mobile, and cloud network solutions, focusing on performance, sustainability, and security standards. Nokia’s network solutions, which are integrated into various ecosystems, enable new commercialization and scaling opportunities for service providers, enterprises, and partners globally.
The details of the repurchase transactions are included as an attachment to the press release statement.
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