Inseego is acquiring Nokia's FWA business for $15 million in common stock and $5 million in warrants. Nokia will make an additional $10 million cash investment in Inseego, resulting in an 11% ownership stake for Nokia post-closing. The transaction includes a profit-sharing arrangement for the 24 months following the initial 12-month post-closing period. Nokia will provide quarterly cash payments to Inseego to backstop the acquired business at EBITDA break-even for the first 12 months, capped at $38 million. The deal is expected to close by Q4 2026, with a long-stop date of January 15, 2027. The acquisition is expected to approximately double Inseego's revenue.