Inseego Completes Acquisition of Nokia’s Fixed Wireless Access Business
Key Highlights
- ➤Acquisition of Nokia’s FWA business completed by Inseego (INSG)
- ➤Revenue expected to approximately double following the acquisition
- ➤Nokia invested $10 million, receiving approximately 1.9 million INSG shares
- ➤Nokia received warrants for approximately 0.8 million shares at $4.26 exercise price
- ➤Nokia to provide an additional $10 million cash payment by October 15, 2026
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.”
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.
The acquisition is expected to approximately double Inseego’s revenue and position the company as a global wireless broadband leader. By adding indoor, outdoor and millimeter-wave FWA solutions to its wireless broadband portfolio, Inseego expands its reach across consumer and business connectivity. The transaction also extends Inseego’s footprint to carriers across Europe, the Middle East, Asia, Oceania, and the Americas; and significantly expands its engineering capabilities.
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