Nokia's FWA Business in Finland Sold to U.S.-based Inseego

en.Wedoany.com Reported - Finnish telecom equipment manufacturer Nokia is selling its Fixed Wireless Access (FWA) Customer Premises Equipment (CPE) business to U.S. supplier Inseego. The move aims to allow Nokia to focus more on its mobile network and data center businesses to seize opportunities arising from artificial intelligence development. According to a joint statement released by both parties on Thursday, upon completion of the deal, Nokia will receive approximately a 7% equity stake in Inseego in the form of common stock and warrants, valued at $20 million. Nokia will subsequently make an additional $10 million investment, increasing its ownership to approximately 11%. The transaction is expected to close in the fourth quarter of 2026.

Inseego CEO Juho Sarvikas stated: "This is a transformative step for Inseego. It scales our business, broadens our product portfolio, and positions us as a global leader in wireless broadband for both the consumer and enterprise markets." Nokia Chief Corporate Development Officer Konstanty Owczarek commented: "This transaction provides strong continuity for customers and brings significant collaboration opportunities, combining Nokia's leading network capabilities with Inseego's expertise at the wireless edge." The two parties will jointly launch go-to-market programs in the areas of 6G and the wireless edge, exploring 5G monetization and growth opportunities in the consumer and enterprise sectors.

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