Under the deal, struck in April, Nokia will get 1.9 million Inseego shares, giving it an 11 percent stake in the company. Nokia will also pay $10 million in cash to cover the cost of integrating Inseego’s device OS and cloud platform with Nokia’s network technology over the coming year.
In addition, approximately 250 Nokia staffers associated with the FWA business will support Inseego’s expanded operations across engineering, product management, supply chain, sourcing, and customer support.
This group includes employees joining Inseego and Nokia personnel who will continue to support the business under a transition services agreement.
“This is an important milestone for our customers, our teams, and both companies.
“Inseego brings the focus and expertise to take the FWA business forward. Our continued collaboration brings together our technologies and capabilities that can deliver greater value for our customers,” said Konstanty Owczarek, Nokia’s chief corporate development officer.
US-based Inseego offers a range of SD-WAN and FWA routers and gateways, as well as mobile hotspots, Wi-Fi mesh nodes, and some cloud-based network management and subscriber lifecycle management solutions.
The acquisition of Nokia’s FWA business has significantly expanded that portfolio, and is expected to approximately double Inseego’s revenue.
“With the acquisition complete, Inseego enters its next chapter as the global wireless broadband leader. We now have the scale, technology and global reach to support carriers across business, residential, and mobile use cases,” said Inseego’s chief executive officer, Juho Sarvikas.
To make a proper go of this new chapter, Inseego has established a new international headquarters in Amsterdam, and a development centre in Athens. It has also expanded its presence in Bangalore, and bolstered sales and tech support teams across its new markets.
Nokia maintains that FWA doesn’t align with its current strategy of making as much money as possible from the AI hype cycle.
That might be true, but there are worse markets to play in.
According to Ericsson’s FWA outlook, as of April 2026, 83 percent of operators worldwide offered an FWA service, with 5G available from 71 percent of them. FWA traffic accounted for 28 percent of global mobile network traffic last year, and its share is expected to grow to 36 percent – equal 187 exabytes per month – by 2031.
The number of FWA connections is expected to grow from 185 million at the end of 2025 to 350 million by the end of 2031.
With the global average household size standing at four, that equates to 1.4 billion people being served by an FWA connection, said Ericsson.
It might have only been a modestly-sized area of business for Nokia, but it still looks decidedly counter-intuitive for a network vendor that purports to be all about “connecting people and things” to pivot away from the burgeoning FWA market.
