Inseego Closes Acquisition of Nokia's Fixed Wireless Access Business

MT newswire2026/10/01 09:38

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05:38 AM EDT, 10/01/2026 (MT Newswires) -- Inseego (INSG) completed the acquisition of Nokia's (NOK) fixed wireless access business, the company said Thursday. The deal will roughly double Inseego's revenue and broaden its global wireless broadband reach, the company said. Under the deal and Nokia's previously announced $10 million cash investment, Nokia received an 11% equity stake in Inseego and warrants to buy an additional 0.8 million shares, Inseego said. Nokia will provide an additional $10 million by Oct. 15 to support Inseego's engineering investment, the company added. Inseego and Nokia shares were up 7% and 1% respectively, in premarket activity.

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华尔街见闻•2026/10/02 01:16