Inseego Closes Acquisition of Nokia's Fixed Wireless Access Business

MT newswire2026/10/01 09:38

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

05:38 AM EDT, 10/01/2026 (MT Newswires) -- Inseego (INSG) completed the acquisition of Nokia's (NOK) fixed wireless access business, the company said Thursday. The deal will roughly double Inseego's revenue and broaden its global wireless broadband reach, the company said. Under the deal and Nokia's previously announced $10 million cash investment, Nokia received an 11% equity stake in Inseego and warrants to buy an additional 0.8 million shares, Inseego said. Nokia will provide an additional $10 million by Oct. 15 to support Inseego's engineering investment, the company added. Inseego and Nokia shares were up 7% and 1% respectively, in premarket activity.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Broadcom is leading a $60 billion debt financing initiative to provide funding for AI companies such as Anthropic to purchase chips and build data centers. Of this amount, $42 billion in senior secured bonds will be syndicated by Broadcom with Wall Street banks, while $18 billion in subordinated debt is being led by Blackstone, whose funds have committed $9 billion. The deal has been in preparation for several weeks but has not yet been officially announced.

华尔街见闻•2026/10/02 10:16

Lloyds and Visa Tested Cross-Border Stablecoin Settlement Between the U.K. and the U.S.

Coinspaidmedia•2026/10/02 10:15