Inseego Corp. (INSG) is making a big bet on fixed wireless access. The company plans to buy Nokia Corp.'s (NOK) Fixed Wireless Access (FWA) customer premises equipment (CPE) business, and analysts at Counterpoint Research think this could nearly double Inseego's revenue. The deal, expected to close in the fourth quarter of 2026, is a strategic move that significantly expands Inseego's scale, product lineup, and global footprint.

Counterpoint noted that the acquisition gives Inseego access to Nokia's consumer FWA portfolio, allowing it to enter the consumer broadband segment alongside its existing enterprise and mobile offerings. That's a big deal—Inseego has been primarily focused on enterprise and mobile, but consumer broadband is a massive market. Nokia will also take an approximately 11% ownership stake in Inseego after the transaction closes, keeping the two companies strategically aligned.

On the portfolio side, Nokia's FWA CPE business brings strong relationships with residential operators and a leadership position in consumer 5G FWA shipments. That complements Inseego's current strengths nicely. The acquisition also expands Inseego's geographic footprint beyond the U.S., adding key customers across Europe, India, and Asia. Counterpoint sees cross-selling opportunities across enterprise, mobile, and consumer segments as a result.

For Inseego, the deal opens doors to future growth areas like 6G, wireless edge, AI, and 5G monetization through continued collaboration with Nokia. For Nokia, it's about streamlining. By offloading the hardware-heavy CPE operations, Nokia can focus on higher-margin infrastructure, software, and AI-driven networking. But it's not a complete exit—Nokia retains exposure to the FWA market through its equity stake in Inseego.

Investors seem to like the news. Inseego shares were up 5.98% at $19.32, and Nokia shares were up 5.66% at $13.64 at the time of publication on Friday.