Inseego completes acquisition of Nokia's Fixed Wireless Access business
Inseego Corp. (NASDAQ: INSG) completed the acquisition of Nokia's Fixed Wireless Access (FWA) business, first announced April 30, 2026. The transaction is expected to approximately double Inseego's revenue and adds indoor, outdoor and millimeter-wave FWA solutions to its wireless broadband portfolio. Approximately 250 people associated with the acquired business will join Inseego's expanded operations across engineering, product management, supply chain and sourcing, and customer support.
Key takeaways
Inseego closed the acquisition of Nokia's Fixed Wireless Access business on October 1, 2026, originally announced April 30, 2026.
The transaction is expected to approximately double Inseego's revenue and adds indoor, outdoor, and millimeter-wave FWA solutions to its wireless broadband portfolio.
Nokia received approximately 1.9 million Inseego common shares, representing approximately 11% ownership, as part of Nokia's $10 million cash investment in Inseego.
Nokia also received warrants to purchase up to approximately 0.8 million Inseego shares at a $4.26 per share exercise price.
A separate $10 million cash payment from Nokia to Inseego is expected by October 15, 2026 to support engineering investment for device OS and cloud platform interoperability.
Approximately 250 employees from the acquired business are joining Inseego, with new operations established in Amsterdam and Athens.
The deal extends Inseego's carrier footprint across Europe, the Middle East, Asia, Oceania, and the Americas.
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