Inseego to Acquire Nokia’s Fixed Wireless Access CPE Broadband Business

Networking technology giant Nokia, which has recently been exploring various strategic options for parts of its enterprise business, has today announced that they’re selling their Fixed Wireless Access (FWA) CPE (Customer Premises Equipment) business to another global wireless broadband firm, Inseego.

The acquisition is predicted to approximately double Inseego’s revenue and strengthen it as a global leader in wireless broadband across fixed wireless and mobile connectivity, with a broader portfolio for carriers, enterprises, and consumers. Both companies also plan to collaborate on joint go-to-market and innovation initiatives in future 6G (mobile) and wireless edge to capture the opportunities in AI and to further advance the FWA business.

Under the agreement, at the closing of the transaction, Nokia will receive approximately a 7% equity stake in Inseego in the form of common stock and warrants, representing a value of US$20m (£14.8m). At the close of the agreement, Nokia will put an additional $10m investment into Inseego in the form of common stock and warrants, to further strengthen the commercial collaboration and bring its total ownership interest to around 11%.

The agreement reflects Nokia’s strategic shift to simplify its operational model and focus its portfolio on the infrastructure that powers the AI supercycle and AI-driven transformation of networks.

Konstanty Owczarek, Chief Corporate Development Officer at Nokia, said:

“Inseego is the right strategic partner for this business and for Nokia’s customers. The agreement reflects Nokia’s strategic shift to simplify its operational model and focus its portfolio on the infrastructure that powers the AI supercycle and AI-driven transformation of networks. This transaction provides robust continuity for customers, and strong collaboration opportunities that bring together Nokia’s network leadership with Inseego’s focused expertise at the wireless edge. We believe this positions the business for continued innovation, broader market opportunity, and long-term growth.”

Juho Sarvikas, CEO of Inseego, said:

“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. We are excited to work with Nokia to deliver continuity for both customers and employees today and drive even greater value together going forward.”

The transaction is expected to close in Q4 2026, subject to the satisfaction of customary closing conditions. Nokia and Inseego plan to work closely together to ensure “seamless continuity for customers through a carefully managed transition“, with a focus on service, support, management, and staff continuity.