• Inseego will acquire Nokia’s Fixed Wireless Access CPE business, subject to customary closing conditions. The transaction is expected to close in Q4 2026 and the companies say they will prioritize continuity for customers.
• The transaction is expected to nearly double Inseego’s revenue and significantly expand its global footprint. Nokia will become a significant Inseego shareholder, with an expected ownership stake of approximately 11% following the transaction and an additional investment.
• The acquisition positions Inseego to enter the consumer FWA broadband market, complementing its existing business, enterprise and mobile FWA portfolio.

Inseego and Nokia have announced an agreement that will see Inseego acquire Nokia’s Fixed Wireless Access (FWA) CPE business. This acquisition will strengthen Inseego’s position as a global wireless broadband leader, adding a broad range of consumer FWA products to its existing portfolio of enterprise and business solutions.

The transaction is expected to close in Q4 2026 and will nearly double Inseego’s revenue. Under the agreement, Nokia will receive an approximately 7% equity stake in Inseego through common stock and warrants valued at US$20 million, and will make an additional $10 million investment, bringing its expected ownership to approximately 11%.

This move is strategically well-aligned for both Inseego and Nokia. Inseego will acquire the market leader in the consumer 5G FWA CPE market in terms of shipments in 2025, according to Counterpoint Research’s FWA CPE Tracker and Forecast. Nokia’s FWA CPE business, with its strong residential operator partnerships, greatly complements Inseego’s existing business, enterprise and mobile-focused offerings. Inseego will now be well positioned to address both consumer FWA deployments and enterprise wireless edge use cases. The planned collaboration with Nokia on 6G, wireless edge, AI opportunities, and carrier 5G monetization gives Inseego longer-term opportunities beyond just CPE volume growth.

A key advantage of this acquisition for Inseego is access to the global scale of Nokia’s FWA business. The deal will help diversify Inseego’s geographic exposure, as its current business is heavily weighted toward the US market. Nokia’s FWA business will bring in key tier-1 customers from markets in Europe, India and the rest of Asia. This should also support Inseego’s existing business, enterprise and mobile portfolio by opening cross-selling opportunities with operators and customers currently served by Nokia’s global residential FWA business.

For Nokia, this move enables portfolio simplification and continues its shift in strategy towards providing infrastructure that powers the “AI supercycle”  and AI-driven network transformation. The transaction allows Nokia to reduce direct exposure to the more hardware-oriented FWA CPE business and focus resources on higher margin network infrastructure, software, AI-driven networking, and wireless edge opportunities. The structure of the deal means Nokia is not fully stepping away from the FWA market and retains interest through its equity stake in Inseego and planned commercial collaboration.

Nokia was the market leader in consumer 5G FWA CPE in 2025, meaning Inseego is acquiring a strong business that is well-positioned to continue growth through new and existing operator partnerships. Despite strong shipment growth in 2025 for the FWA CPE market, already low margins were further pressured, primarily due to the ongoing memory crisis and operator demand for lower ASPs. Inseego will need to address these challenges, but combining its existing business, enterprise and mobile portfolio with Nokia’s consumer FWA CPE business will position it among the strongest players to execute. Demand for 5G FWA remains strong globally and this acquisition will strengthen Inseego’s offering globally, particularly in India and the rest of Asia.

The acquisition is strategically positive for Inseego because it brings scale, global reach, and a broader FWA CPE portfolio at a time when fixed wireless remains an important broadband growth category. For Nokia, the deal simplifies its business while preserving exposure to FWA through equity in Inseego and future collaboration. The main risk is execution: operator customers will need confidence in product roadmap continuity, supply, support, and service quality during the transition. If Inseego manages that well, the deal will establish it as a leading global vendor in FWA CPE and wireless edge connectivity.