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ESPOO - Nokia Oyj (HE:NOKIA) has today transferred 139,888 of its own shares without compensation to participants of the company’s stock-based incentive programs, in accordance with the terms of the programs. The distribution of shares is based on a decision by the Board of Directors announced on November 22, 2024, to fulfill the commitments of the incentive schemes.
Following the transfer, Nokia holds 66,044,770 of its own shares. The Finnish telecommunications company is known for its technology that connects the world, with a focus on B2B technology and innovation leadership in future-oriented network solutions. Nokia’s position is built on expertise in fixed, mobile, and cloud service networks, and it has been at the forefront of creating value through intellectual property rights and research and development led by the Nokia Bell Labs for a century.
Nokia’s network solutions, based on open architecture, integrate seamlessly into various ecosystems, enabling new opportunities for commercialization and scalability of networks. Service providers, enterprises, and partners worldwide rely on the performance, responsibility, and security standards of Nokia’s networks. The company collaborates with partners to develop future digital services and applications.
The information regarding the share transfer is based on a press release statement from Nokia.
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