Inseego To Acquire Nokia's Fixed Wireless Access Unit, With Nokia Becoming Key Shareholder With ~11% Stake in INSG
Benzinga Newsdesk 6 months ago
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The acquisition is expected to approximately double Inseego's revenue and strengthen it as a global leader in wireless broadband across fixed wireless and mobile connectivity, with a broader portfolio for carriers,
- The acquisition is expected to approximately double Inseego's revenue 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.