AcquisitionsApr 30, 2026, 04:53 PM
INSG to acquire Nokia's FWA business; Nokia to hold 11% equity
AI Summary
Inseego Corp. (INSG) announced an agreement to acquire Nokia Solutions and Networks Oy's Fixed Wireless Access (FWA) business. The acquisition, valued at $20 million in Inseego common stock and warrants, is expected to approximately double Inseego's revenue and establish it as a global leader in wireless broadband. Nokia will also make an additional $10 million investment in Inseego, resulting in Nokia holding an approximately 11% equity stake in Inseego. The companies plan joint go-to-market and innovation initiatives in 6G and wireless edge, with the transaction expected to close in Q4 2026.
Key Highlights
- Inseego Corp. (INSG) to acquire Nokia's Fixed Wireless Access (FWA) business.
- Acquisition consideration: $20 million in INSG common stock and warrants.
- Nokia to make an additional $10 million investment, holding ~11% equity in INSG.
- Nokia's FWA business has an approximate $200 million run-rate revenue.
- Acquisition expected to approximately double INSG's revenue to ~$400 million pro forma.
- Nokia to backstop FWA EBITDA for 12 months post-closing, capped at $38 million.
- Warrants for 521,139 shares at $12.89 per share, exercisable for four years.
- Transaction expected to close in Q4 2026.
Price Impact
More from INSG