INSG

Nokia has divested its Fixed Wireless Access (FWA) business unit and acquired an 11% stake in Inseego as part of the transaction. The deal marks Nokia's exit from the FWA product segment while establishing a strategic equity position in Inseego, a specialist in FWA and mobile broadband solutions. Terms of the deal beyond the stake size were not disclosed in the headline.

Inseego and Nokia have signed a definitive agreement for Inseego to acquire Nokia's Fixed Wireless Access (FWA) CPE business, subject to customary closing conditions. The deal is expected to approximately double Inseego's revenue and expand its portfolio across fixed wireless, mobile broadband, and cloud-managed connectivity. The transaction will also give Inseego a global footprint spanning consumer and business markets.