Inseego Completes Acquisition of Nokia’s Fixed Wireless Access Business
Globe Newswire•01/10/2026•03:15 ET
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Key Highlights
- ➤Acquisition completed, expected to approximately double Inseego’s (INSG) revenue
- ➤Nokia invested $10 million, receiving approximately 1.9 million Inseego shares
- ➤Nokia received approximately 11% ownership and warrants for up to 0.8 million shares
- ➤Nokia will pay Inseego $10 million by October 15, 2026
- ➤Inseego expanded FWA reach across Europe, Middle East, Asia, Oceania, and Americas
Expert Statements
Juho Sarvikas, CEO of Inseego
“With the acquisition complete, Inseego enters its next chapter as the global wireless broadband leader”
Juho Sarvikas, CEO of Inseego
“We now have the scale, technology, and global reach to support carriers across business, residential, and mobile use cases.”
Konstanty Owczarek, Chief Corporate Development Officer at Nokia
“This is an important milestone for our customers, our teams, and both companies”
Konstanty Owczarek, Chief Corporate Development Officer at Nokia
“Inseego brings the focus and expertise to take the FWA business forward. Our continued collaboration brings together our technologies and capabilities that can deliver greater value for our customers.”
Transaction expected to approximately double Inseego’s revenue and expand its global footprint across Europe, the Middle East, Asia, Oceania, and the Americas
SAN DIEGO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ: INSG) today announced the completion of its acquisition of Nokia’s Fixed Wireless Access (FWA) business, first announced on April 30, 2026.
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