Inseego's Global Gambit: Inside the Nokia FWA Deal and World Expansion

SAN DIEGO, CA – June 30, 2026 – In a move that signals a dramatic strategic pivot from a North American-focused player to a global contender, Inseego Corp. today unveiled a multi-pronged international expansion. The initiative includes new executive leadership for Europe and Asia, an international headquarters in Amsterdam, and expanded investment in its Athens engineering center, all designed to support its planned acquisition of Nokia’s Fixed Wireless Access (FWA) business.

This isn't just a minor adjustment; it's a fundamental reshaping of Inseego's ambitions. The company, known for its cloud-first wireless edge solutions, is positioning itself to capitalize on the booming global demand for 5G FWA, a market it will enter with significant force upon the deal's closing.

A Transformative Leap Fueled by Nokia's FWA

The cornerstone of this global push is the pending acquisition of Nokia's FWA customer premises equipment (CPE) business. Described by Inseego CEO Juho Sarvikas as a “transformative step,” the deal is poised to roughly double Inseego’s revenue, creating a combined entity with a pro forma annual run rate of approximately $400 million. The acquired Nokia business alone brings an estimated $200 million in revenue and a roster of over 100 customers, including global Tier-1 carriers like Bharti Airtel, Orange France, and Telia.

Financially, the deal is structured to minimize upfront cash impact on Inseego. Nokia will receive a 7% equity stake valued at $20 million and will make an additional $10 million cash investment, bringing its total ownership to around 11% post-closing. This structure underscores a strategic partnership rather than a simple asset sale, aligning Nokia's interests with Inseego's future success. To mitigate the financial risk of integrating a business that analysts describe as previously “loss-making,” Nokia has agreed to reimburse any negative EBITDA from the FWA unit during the first year, providing Inseego a critical financial cushion.

For Inseego, the strategic rationale is clear: immediate global scale. “A major strategic rationale for the Nokia FWA acquisition was the opportunity to expand our reach beyond North America and serve customers in key international markets,” stated Sarvikas. The deal provides an instant foothold in critical growth regions, particularly India, which is projected to become the world’s largest 5G FWA market by 2030. For Nokia, the divestiture aligns with its strategy to streamline operations and focus on its core network infrastructure business.

Assembling a Global Leadership Team

To execute this ambitious global strategy, Inseego has brought in seasoned industry veterans to lead its new international charge. Pranav Shroff, with over 25 years of experience at firms like Apple, Airtel, and Nokia, takes the helm as Senior Vice President and Managing Director for the Asia-Pacific (APAC) region. His deep experience in some of the world's most competitive markets will be invaluable. “APAC is one of the most dynamic connectivity markets in the world, with enormous opportunity,” Shroff commented. “I am excited to work with our teams and leading global carriers to build the next chapter of growth.”

Leading the charge in Europe, the Middle East, and Africa (EMEA) is Ossi Korpela, who joins as Senior Vice President and Managing Director. Korpela brings two decades of leadership from Nokia, Microsoft, and HMD Global, possessing deep knowledge of the European operator landscape. His appointment is a clear signal to Nokia's existing FWA customers of Inseego's commitment to continuity. “European operators are at the center of the fixed wireless access opportunity, and they value partners they can trust,” Korpela said. “I am joining Inseego to help ensure that customers who built their businesses on this technology have continuity and a clear path forward.”

This new international leadership is complemented by expanded roles for Inseego's existing executives. Chief Commercial Officer Steve Harmon will now lead sales across all of the Americas, spearheading a push into Latin America. Meanwhile, Chief Financial Officer Steven Gatoff will take on an expanded role overseeing the company's entire international expansion, from global operating structure to integration activities.

The Blueprint for Global Operations: Athens and Amsterdam

An aggressive strategy requires a robust operational backbone, and Inseego is building just that with strategic investments in two key European cities. Amsterdam has been selected as the company’s center for international operations, a move that leverages the city's logistical advantages, pro-business climate, and deep, multilingual talent pool. “Amsterdam gives Inseego an efficient, well-connected base for supporting international customers and scaling our operations across Europe and beyond,” said CFO Steven Gatoff. This hub will be crucial for managing a newly global supply chain and customer base.

Simultaneously, Inseego is bolstering its engineering prowess by investing further in its development center in Athens, Greece. The company explicitly recognizes the “depth of engineering talent in the region” and the strong capabilities of the incoming Nokia team based there. This Athens hub will be central to integrating the two companies' product portfolios, supporting customers, and driving the future of Inseego’s FWA technology on a global scale.

These moves provide the physical and intellectual infrastructure needed to absorb the Nokia business and compete effectively outside North America. As one industry analyst noted, this is a classic “high risk/high reward” scenario. The integration of a business of this scale is fraught with execution risk, but the potential payoff—transforming Inseego into a dominant global force in wireless broadband—is immense. By assembling an experienced team and establishing strategic operational hubs, Inseego is laying a foundation designed to turn that risk into a reward.