Inseego Completes Acquisition of Nokia’s Fixed Wireless Access Business

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  "signal_type": "news",
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  "detected_at": "2026-10-01T07:15:00+00:00",
  "company": {
    "name": "Nokia",
    "domain": "nokia.com"
  },
  "data": {
    "url": "https://www.globenewswire.com/news-release/2026/10/01/3372558/33045/en/inseego-completes-acquisition-of-nokia-s-fixed-wireless-access-business.html",
    "title": "Inseego Completes Acquisition of Nokia’s Fixed Wireless Access Business",
    "excerpt": "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 leade r. 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. Following the transaction, approximately 250 people associated with the acquired business will support Inseego’s expanded operations across engineering, product management, supply chain and sourcing, and customer support. This group includes employees joining Inseego and Nokia personnel who will continue to support the business under a transition services agreement. To support its expanded global operations, Inseego has established an international headquarters in Amsterdam and a development center in Athens, expanded its presence in Bangalore, and added customer-facing sales and technical resources across its new markets. “With the acquisition complete, Inseego enters its next chapter as the global...",
    "summary": "Nokia completed a $10 million cash investment into Inseego Corp., receiving an equity ownership stake of approximately 11%.",
    "planning": false,
    "image_url": "https://ml.globenewswire.com/Resource/Download/4964e728-42d2-4149-93b8-3fd2ad1dcd3c",
    "confidence": 1,
    "published_at": "2026-10-01T07:15:00Z",
    "effective_date": "2026-10-01",
    "article_sentence": "Under the terms of the acquisition and Nokia’s $10 million cash investment in Inseego, also completed today, Nokia received an equity ownership stake in Inseego in the form of approximately 1.9 million shares of Inseego common stock, representing an approximately 11% ownership interest.",
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    "related_company_name": "Inseego Corp.",
    "related_company_domain": "inseego.com"
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}

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