Inseego Corp

Inseego Corp. announced the completion of its acquisition of Nokia's Fixed Wireless Access business, a deal first announced on April 30, 2026. The transaction is expected to approximately double Inseego's revenue and position the company as a global wireless broadband leader, adding indoor, outdoor and millimeter-wave FWA solutions and extending its footprint to carriers across Europe, the Middle East, Asia, Oceania, and the Americas. Under the terms of the acquisition and Nokia's $10 million cash investment in Inseego, also completed today, Nokia received approximately 1.9 million shares of Inseego common stock, representing an approximately 11% ownership interest, plus warrants to purchase up to approximately 0.8 million shares at an exercise price of $4.26 per share. Nokia will also provide a $10 million cash payment to Inseego by October 15, 2026 to support engineering investment in interoperability between Inseego's device OS and cloud platform and certain Nokia technology ecosystems. Approximately 250 people associated with the acquired business will support Inseego's expanded operations, and Inseego has established an international headquarters in Amsterdam and a development center in Athens while expanding its presence in Bangalore.

Inseego Corp. announced that Nick Lambourne has joined the company as Chief Technology Officer, where he will lead its global engineering organization across hardware, embedded software, and cloud platforms. Lambourne most recently served as CTO of Particle, and previously held engineering and business leadership roles at Roku, Automatic, and SiriusXM, led Android platform development at Broadcom, and began his career developing cellular silicon for Nokia and Samsung phones. He succeeds Vishal Donthireddy, who is leaving Inseego after more than two decades with the company. CEO Juho Sarvikas said Lambourne's cellular expertise and international engineering experience will be critical as Inseego integrates its existing engineering operations with those from its planned acquisition of Nokia's Fixed Wireless Access business into a single global organization. Lambourne will also lead Inseego's efforts to accelerate AI across the entire software cycle.

Inseego Corp. announced that its Inseego Subscribe platform has achieved Cybersecurity Maturity Model Certification Level 2, enabling U.S. communication service providers to better support federal government customers. The certification addresses a critical requirement for supporting eligible U.S. government programs without requiring separate subscriber lifecycle management infrastructure. Inseego Subscribe is a cloud-based SaaS platform that helps service providers sell, onboard, and manage complex enterprise and government wireless services at scale. The certification complements existing government-focused capabilities including AWS GovCloud deployment, FIPS 140-3 encryption support, and digitized government contract-to-catalog mapping. The platform is available for service providers serving enterprise and government customers throughout the United States.

Inseego Corp. announced several initiatives to advance its international growth strategy in support of its planned acquisition of Nokia's fixed wireless access business. The company appointed Pranav Shroff as Senior Vice President and Managing Director for India and Asia Pacific sales, and Ossi Korpela as Senior Vice President and Managing Director for Europe, Middle-East, and Africa sales, both joining the executive team. Chief Commercial Officer Steve Harmon will expand his coverage to lead the Americas, including Latin America, while Chief Financial Officer Steven Gatoff will oversee the company's global operating structure and international expansion. Inseego will invest in its international development center in Athens, Greece, and has selected Amsterdam as its center for international operations, extending the reach of its San Diego-based global headquarters.