Inseego and Nokia have announced a definitive agreement under which Inseego will acquire Nokia’s Fixed Wireless Access Customer Premises Equipment business, a transaction that is expected to approximately double Inseego’s revenue and significantly expand its global footprint across consumer and business wireless broadband markets. The transaction will strengthen Inseego’s position as a global wireless broadband leader with a broader portfolio spanning fixed wireless, mobile broadband, and cloud-managed connectivity for consumer and business markets, and includes plans for joint go-to-market initiatives between the two companies in 6G and wireless edge to capture opportunities in artificial intelligence and to further advance the Fixed Wireless Access business.
Under the agreement, Nokia will receive approximately a 7 percent equity stake in Inseego in the form of common stock and warrants, representing a value of $20 million at the time of closing. Nokia will also make an additional $10 million investment in Inseego in the form of common stock and warrants to further strengthen the commercial collaboration, bringing its total ownership interest to approximately 11 percent. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Perella Weinberg Partners served as financial advisor to Nokia on the transaction.
Juho Sarvikas, Chief Executive Officer of Inseego, described the acquisition as a transformative step that expands scale, broadens the portfolio, and positions the company as a global leader in wireless broadband across consumer and business markets, noting the strong collaboration opportunities with Nokia at the wireless edge where artificial intelligence-driven workloads, cloud connectivity, and next-generation networks are increasingly converging. For Nokia, the divestiture aligns with a deliberate strategic repositioning. Konstanty Owczarek, Chief Corporate Development Officer at Nokia, said the agreement reflects the company’s strategic shift to simplify its operational model and focus its portfolio on the infrastructure that powers the artificial intelligence supercycle and artificial intelligence-driven transformation of networks, while providing robust continuity for customers and strong collaboration opportunities that bring together Nokia’s network leadership with Inseego’s focused expertise at the wireless edge. The collaboration will also explore joint innovation and carrier 5G monetisation opportunities, as well as consumer and enterprise growth at the wireless edge, ensuring that Nokia retains a commercial stake in the Fixed Wireless Access market even as it exits direct product ownership in the segment.
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