Nokia Stock: FWA Sale to Inseego Completed - Börse Express
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Nokia's stock recorded a price increase of 2.2 percent on Friday, closing at 9.47 euros. There was no single company-specific trigger for the recent upward movement. Operationally, however, the Finnish telecommunications group has sent important signals for its future direction on several fronts in recent days. On Thursday, Nokia announced a partnership with the space company ICEYE. Together, the two partners aim to develop secure communication systems based on satellites in low Earth orbit. The offering is specifically aimed at government agencies and customers from the defense sector. The initiative underscores network manufacturers' growing interest in military and government security solutions. However, it will still take some time until the technology is used in space: the launch of the first joint satellites is planned for 2028. Almost simultaneously, Nokia completed the sale of its Fixed Wireless Access (FWA) business. The US company Inseego finalized the acquisition of Nokia's division on Thursday. In return for the business units, Nokia received approximately 1.9 million Inseego shares, which corresponds to a stake of about 11 percent. Additionally, Nokia was granted warrants to acquire up to approximately 0.8 million additional shares. A payment was also agreed upon: Nokia will pay Inseego an amount of 10 million $ by October 15, 2026. With this step, the Finns are...
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