Nokia Announces €600 Million Share Buyback Amidst Declining Profits and Industry Challenges.
Nokia plans a €600 million share buyback following a 23% YoY decline in Q4 net sales and a 27% decrease in comparable operating profit. The company attributes challenges to reduced spending by telecom operators, a slowdown in Indian investments, and a competitive setback from AT&T choosing Ericsson over Nokia for a 5G network. Nokia adjusts its 2026 comparable operating margin target in response to market conditions and anticipates continued difficulties in 2024, echoing industry trends highlighted by rival Ericsson.
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