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ESPOO, Finland - Nokia (HE:NOKIA) Corporation has announced the completion of its share buyback program, initiated on November 22, 2024, aimed at counteracting the dilutive impact from its acquisition of Infinera (NASDAQ:INFN). The program concluded on April 2, 2025, with Nokia having repurchased a total of 150 million shares at an average price of EUR 4.69 per share.
The buyback program, which spanned from November 25, 2024, to April 2, 2025, resulted in a reduction of the company’s unrestricted equity by approximately EUR 703 million. Nokia plans to cancel the repurchased shares in April 2025, which will effectively reduce the number of shares in circulation.
Following the completion of the program, Nokia holds a total of 220,509,131 treasury shares. The repurchases were conducted as directed buybacks through public trading on Nasdaq Helsinki and on selected multilateral trading facilities, deviating from the proportional distribution among Nokia’s current shareholders.
Nokia, a leader in B2B technology innovation, is known for developing networks that are capable of sensing, thinking, and acting by harnessing its expertise across mobile, fixed, and cloud networks. The company also generates value through its intellectual property and long-term research, spearheaded by the renowned Nokia Bell Labs, which commemorates a century of technological advancements. Nokia’s commitment to open architectures allows for seamless integration into various ecosystems, and its high-performance networks pave the way for new monetization and scaling opportunities. Service providers, enterprises, and partners globally rely on Nokia for secure, reliable, and sustainable networks that meet the demands of today and are prepared to facilitate the digital services and applications of tomorrow.
This information is based on a press release statement from Nokia Corporation.
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