Mergers & Acquisitions ·
Inseego completes acquisition of Nokia’s fixed wireless access business for stock and $10M cash
INSGInseego Corp.
Inseego Corp. completed the acquisition of Nokia’s fixed wireless access (FWA) business on October 1, 2026. Inseego issued 1,163,693 shares and warrants for 521,139 shares to Nokia as consideration, while Nokia invested $10 million in cash for 775,795 shares and warrants for 290,569 shares. Nokia now holds approximately an 11% ownership stake. An amendment requires Nokia to pay an additional $10 million by October 15, 2026, to support engineering interoperability efforts. The transaction is expected to double Inseego’s revenue and expand its global footprint across Europe, the Middle East, Asia, Oceania, and the Americas. Inseego Corp. operates in the wireless broadband industry, providing cellular gateways, hotspots, routers, and cloud management software.