US broadband vendor Inseego has completed its acquisition of Nokia's fixed wireless access (FWA) customer premises equipment (CPE) business, a deal it expects will roughly double its revenue.

The completion, confirmed this week, transfers Nokia's indoor, outdoor and millimetre-wave FWA technologies into Inseego's wireless broadband portfolio. With the assets in place, Inseego claims a global footprint spanning consumer and business connectivity for the first time.

The deal, first announced in April 2026, is structured as a share-based transaction rather than a straightforward cash sale. Nokia received approximately 1.9 million Inseego common shares, giving it an ownership stake of around 11% in the San Diego-based company.

What else did Nokia get?

The Finnish vendor also holds warrants to purchase up to approximately 800,000 additional common shares at an exercise price of $4.26 per share. On top of the equity, Nokia completed a $10 million cash investment as part of the acquisition and investment terms.

A second $10 million cash payment is due by 15 October 2026. That money funds engineering work on interoperability between Inseego's device operating system and cloud platform and certain Nokia technology ecosystems over the coming year.

Nokia has also committed to providing transition support and referring new fixed wireless access opportunities to Inseego — a signal that the Finnish vendor is exiting the FWA CPE segment while keeping a financial interest in its successor's success.

How is Inseego scaling globally?

To absorb the business, Inseego has restructured its international operations. Its operator footprint now covers:

• Europe
• the Middle East
• Asia
• Oceania
• the Americas

The company established an international headquarters in Amsterdam and opened a development centre in Athens, Greece. It also expanded its presence in Bangalore, India, and added customer-facing sales and technical staff across its new markets.

Inseego CEO Juho Sarvikas framed the deal as a step change in the company's addressable business. "We now have the scale, technology, and global reach to support carriers across business, residential, and mobile use cases," Sarvikas said.

Who is moving over?

Around 250 people from the acquired business will support Inseego's engineering, product management, supply chain, sourcing and customer support operations. The figure includes employees transferring to Inseego and Nokia personnel providing support under a transition services agreement.

That headcount gives Inseego expanded engineering capabilities alongside the product lines themselves, which cover indoor and outdoor CPE as well as millimetre-wave FWA technology used in higher-capacity deployments.

Why does the structure matter?

The transaction reads as a managed exit for Nokia from standalone FWA CPE hardware. Rather than selling for cash and walking away, Nokia now holds roughly 11% of Inseego, warrants priced at $4.26, and a contractual pipeline of referred FWA opportunities flowing to its former unit.

For Inseego, the commercial reality behind the vendor's claim of doubled revenue rests on execution: integrating roughly 250 staff, sustaining the acquired product lines across five regions, and delivering the interoperability engineering that Nokia's $10 million October 2026 payment is contingent on supporting.