Banking Recap

INSEEGO CORP. Announces Acquisition for $30.0M

Inseego and Nokia announced on April 30, 2026 that they had signed an agreement under which Inseego will acquire Nokia's Fixed Wireless Access (FWA) customer premises equipment business, a deal the companies said is expected to approximately double Inseego's revenue and position it as a global leader in wireless broadband across fixed wireless and mobile connectivity. As part of the transaction, Nokia will become a significant shareholder in Inseego, holding approximately an 11% equity stake.

Apr 30, 2026·SEC EDGAR (8-K)·pending regulatory·acquisition of business unit plus equity investment

Deal value

This record is sourced from an Exhibit 99.1 press release furnished with Inseego's Form 8-K filed April 30, 2026. At announcement, the deal was a signed agreement pending customary closing conditions, with closing expected in the fourth quarter of 2026.

Perella Weinberg Partners served as financial advisor to Nokia, the seller of the FWA business and the resulting equity-stake holder in Inseego, per the release's single-sentence disclosure: "Perella Weinberg Partners served as financial advisor to Nokia." No financial advisor to Inseego, the acquirer, is named in this release, and no lead designation is specified since Perella Weinberg is the only advisor disclosed.

No legal advisors for either party are disclosed in the fetched document.

Under the terms, Nokia will receive approximately a 7% equity stake in Inseego, valued at US$20 million, in the form of common stock and warrants as consideration for the FWA business at closing, and will separately make an additional $10 million investment in Inseego common stock and warrants to deepen the companies' commercial collaboration, bringing Nokia's total ownership to approximately 11%. The companies also plan joint go-to-market and innovation initiatives in 6G and wireless edge technology.

Not disclosed in the sourced document is the standalone purchase price attributable to the FWA business itself separate from the equity consideration and additional investment, Inseego's financial or legal advisor (if any), or Nokia's legal advisor on the transaction.