Inseego to Buy Nokia’s $200M FWA Device Business, Partner on AI- and 6G-Focused Wireless Innovation

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MarketBeat

Thu, April 30, 2026 astatine 11:04 AM CDT 6 min read

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Inseego (NASDAQ:INSG) executives connected a league telephone outlined plans to get Nokia’s planetary fixed wireless entree (FWA) instrumentality concern and participate a strategical concern with Nokia focused connected go-to-market collaboration and next-generation wireless innovation centered connected AI and 6G.

Acquisition overview and strategical rationale

Chief Executive Officer Juho Sarvikas described the woody arsenic “transformative” and said it would springiness Inseego “immediate planetary standard successful gross and reach,” fortify its merchandise and marketplace position, and make a model for associated commercialized and exertion enactment with Nokia.

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Sarvikas said Inseego is acquiring an “approximately $200 cardinal tally complaint FWA business” and that the transaction efficaciously “doubles” Inseego’s gross base, positioning the institution arsenic a planetary wireless broadband supplier with a broader lawsuit footprint crossed endeavor and user markets. He added that the acquisition expands Inseego from a “U.S.-centric concern into a scaled planetary platform” with much diversified lawsuit exposure.

Transaction structure, equity investment, and enactment statement

Chief Financial Officer Steven Gatoff said the acquisition is structured arsenic an plus acquisition with aggregate information of $20 million, consisting of $15 million of Inseego communal banal to beryllium issued to Nokia astatine closing and warrants valued astatine $5 million. In addition, Nokia volition marque a $10 million nonstop concern successful Inseego done a operation of communal banal and warrants. Gatoff said the combined equity holdings are expected to marque Nokia an astir 11% proprietor of Inseego, oregon astir 2.7 cardinal shares.

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Gatoff said the issued equity volition beryllium taxable to a lockup: 50% of the shares and warrants volition beryllium locked up for 1 twelvemonth and the remaining 50% for 2 years.

To enactment the modulation and ongoing concern successful the acquired business, Gatoff said the companies negotiated a enactment statement nether which Nokia volition supply quarterly currency payments to offset EBITDA losses of the acquired concern during the archetypal twelvemonth pursuing closing, enabling Inseego to put successful engineering and the merchandise roadmap portion keeping the acquired cognition astatine an “EBITDA neutral outcome.” He said the EBITDA enactment is capped astatine $38 million successful aggregate for the archetypal twelvemonth post-close, which absorption views arsenic capable for that period’s operations and investments.

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