Nokia Corporation

Money Moves

Seller and minority investor

Inseego Corp. is buying Nokia's fixed wireless access (FWA) device business — the routers and home gateways that carriers ship to customers who get broadband over a cellular network instead of fiber or cable. The acquisition roughly doubles Inseego's annual revenue and merges two of the largest non-Chinese makers of FWA customer equipment into a single company.

Updated May 31