Acquisition expected to roughly double Inseego’s revenue and further its ambitions to be a global leader in wireless broadband – fixed and mobile with focus on 5G – as Nokia takes a stake
US firm Inseego is to acquire Nokia’s Fixed Wireless Access (FWA) CPE business. The deal is expected to close in Q4 2026, subject to meeting regulatory and other terms and conditions.
Juho Sarvikas, CEO of Inseego, stated, “This is a transformative step for Inseego. It expands our scale, broadens our portfolio, and positions us as a global leader in wireless broadband across consumer and business markets. Just as importantly, it creates strong collaboration opportunities with Nokia at the wireless edge, where AI-driven workloads, cloud connectivity, and next-generation networks are increasingly coming together.”
Nokia signalled its intention of leaving the sector last November on Capital Markets Day, when the company announced its restructure under its newish CEO, Justin Hotard.
The transaction includes plans for joint go-to-market initiatives in 6G and wireless edge (see Enterprise connectivity no longer depends on location below) to capture the opportunities in AI and to further the FWA business.
The collaboration will also explore joint innovation and 5G monetisation for operators, as well as consumer and enterprise growth at the wireless edge. These efforts are expected to support and drive customer continuity, future revenue growth and technology leadership at the wireless edge.
If the deal goes ahead as expected, at its closure, Nokia will receive an equity stake of about 7% in Inseego in the form of common stock and warrants for $20 million, which values the company about $285.71 million although its market cap is about $240 million. Also, Nokia will make an additional $10 million investment in Inseego in the form of common stock and warrants, to strengthen their commercial collaboration, bringing its total ownership to around 11%.
Enterprise connectivity no longer depends on location
On Monday, Inseego announced its enterprise-class mobile router, MiFi PRO M4, is to be paired with AT&T’s 5G mobile network in the US so that companies can integrate that connectivity into “a broader and more secure mobility strategy” instead of hotspots acting as standalone devices.
The service is for firms and individuals that rely on mobile connectivity as a core part of operations and daily workflows, with the router extending enterprise-grade wireless access wherever work happens, such as the field and the road, to pop-up locations, branch offices and remote environments.
