Nokia Sells Fixed Wireless Unit to Inseego in $30M Deal, Keeps 11% Stake

Nokia has offloaded its Fixed Wireless Access customer premises equipment business to U.S. wireless broadband vendor Inseego. Nokia will receive an approximate 7 percent equity stake in Inseego, plus warrants valued at around $20 million, and will make an additional $10 million investment, bringing its total ownership interest to approximately 11 percent. The transaction, expected to close Nokia's fixed wireless access business was integrated last year into a Portfolio Businesses unit, alongside the company's Enterprise Campus Edge service and Microwave Radio solutions. The change came as part of a broader pivot toward AI and data center markets, which split Nokia's operations into Network Infrastructure and Mobile Infrastructure segments, with Portfolio Businesses as a smaller third segment. Portfolio Businesses net sales declined Nokia Chief Corporate Development Officer Konstanty Owczarek said the deal leaves Nokia free to focus on innovation for the AI supercycle and the AI-driven transformation of networks. Inseego CEO Juho Sarvikas said the acquisition provides immediate global scale, roughly doubling the company's size. Sarvikas told SDxCentral that he expects a massive expansion in the 6G total addressable market, estimating that 6G will offer tenfold performance and latency improvements compared with current standards.