Nokia to Sell FWA CPE Business to Inseego; Become an 11 Percent Shareholder

Inseego and Nokia have announced that they have signed an agreement under which Inseego will acquire Nokia’s Fixed Wireless Access (FWA) customer premises equipment (CPE) business, subject to customary closing conditions. The acquisition is expected to significantly strengthen Inseego’s position in the global wireless broadband market by expanding its portfolio across fixed wireless, mobile broadband, and cloud-managed connectivity solutions for both consumer and enterprise segments. According to a joint statement dated April 30, 2026, the deal is projected to nearly double Inseego’s revenue and extend its global footprint.

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Focus on 6G, AI, and Wireless Edge Innovation

The transaction also outlines plans for joint go-to-market initiatives focused on emerging technologies such as 6G and wireless edge computing. Both companies aim to capitalize on opportunities driven by artificial intelligence, while advancing innovation in FWA, carrier 5G monetization, and edge-based consumer and enterprise solutions.

“The transaction includes plans for joint go-to-market initiatives between the two companies in 6G and wireless edge to capture the opportunities in AI and to further advance the FWA business. The collaboration will also explore joint innovation and carrier 5G monetization opportunities, as well as consumer and enterprise growth opportunities at the wireless edge. These efforts are expected to support and drive customer continuity, future revenue growth, and technology leadership at the wireless edge,” the official release said.

Leadership Comments

Commenting on the development, Juho Sarvikas, CEO of Inseego, described the transaction as a transformative milestone 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.”

From Nokia’s perspective, Konstanty Owczarek, Chief Corporate Development Officer at Nokia, stated that the agreement aligns with the company’s strategy to streamline operations and focus on network infrastructure supporting AI-driven transformation.

“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,” Owczarek said.

Equity Stake Strengthens Strategic Partnership

As part of the transaction, Nokia will receive an approximately 7 percent equity stake in Inseego through common stock and warrants, valued at USD 20 million. Additionally, Nokia will invest a further USD 10 million at closing in the form of common stock and warrants, increasing its total ownership to around 11 percent and reinforcing the strategic collaboration between the two firms.

The transaction is expected to close in the fourth quarter of 2026, subject to regulatory and other conditions. Nokia indicated that the deal is not financially material to its overall operations. Both companies plan to work closely to ensure a seamless transition, maintaining continuity in customer service, operations, and workforce management.

Perella Weinberg Partners acted as financial advisor to Nokia on the transaction.