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！

U.S. Treasury Secretary Janet Yellen defended the rise in U.S. Treasury yields, stating that this increase is a global phenomenon rather than unique to the United States, and does not warrant excessive concern. She partially attributed inflationary pressures to higher oil prices caused by the Iran conflict, and expects the energy shock to subside as hostilities ease. Yellen refuted the notion of an AI bubble, arguing that investments by major tech companies are grounded in solid business logic.

华尔街见闻•2026/10/04 03:06

Bitcoin Crash Warning Goes Viral as X Post Flags Benner Cycle

Coinpedia•2026/10/04 01:30