United States-based technology company, Inseego, is set to purchase Nokia’s Fixed Wireless Access to emerge as global broadband leader.
According to reports, the acquisition is expected to approximately double the revenue of the tech firm headquartered in San Diego, California, 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.
The two companies plan to collaborate on joint go-to-market and innovation initiatives in 6G and wireless edge to capture the opportunities in AI and to further advance the FWA business.
Nokia will become a significant shareholder in Inseego with approximately an 11% equity stake based on current capitalization and including both the consideration for the acquisition of the FWA business and an additional investment in Inseego by Nokia.
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. Inseego and Nokia announced today that they have signed an agreement in which Inseego will acquire Nokia’s Fixed Wireless Access (FWA) CPE business, subject to the satisfaction of customary closing conditions.
The transaction will strengthen Inseego’s position as a global wireless broadband leader with a broader portfolio spanning fixed wireless, mobile broadband, and cloud-managed connectivity for consumer and business markets, and is expected to approximately double the company’s revenue, and give it a global footprint.
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.
