Inseego Presents Expanded Wireless Broadband Portfolio Following Nokia FWA Acquisition
Bitget2026/11/04 22:44- Inseego completed its acquisition of Nokia's FastMile global fixed wireless access business on October 1, 2026, expanding its residential portfolio.
- Nokia holds approximately 11% ownership, excluding warrants, following a $10 million cash equity investment.
- First-year support for the acquired business totals up to $38 million, subject to conditions.
- A separate $10 million engineering support payment from Nokia was paid October 15, 2026, for first-year technology collaboration.
- A next-generation enterprise fixed wireless access platform is scheduled to launch in early 2027.
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