The acquired business doubles Inseego’s revenue and catapults Inseego to be a wireless broadband leader on a global scale with strong anchor carrier customers and a robust portfolio that spans the high-growth enterprise and consumer markets.
Announcement
Inseego to acquire Nokia’s fixed wireless access CPE business
A transformational milestone for Inseego
Immediate global scale & expansion
Compelling financial construct with profitability backstop
The agreement includes engineering & development support payments from Nokia for the first year following closing that enables investment while maintaining breakeven EBITDA of the acquired business.
Unique & compelling relationship with industry leader Nokia
Inseego & Nokia are collaborating on a partnership spanning go-to-market, joint technology innovation across 6G & AI, and alignment around long-term Inseego stockholder value creation as Nokia invests in Inseego and becomes an 11% stockholder.
