Inseego (INSG -2.00%) designs and sells wireless network hardware and provides software for companies to deploy and remotely manage devices connected to their networks. As next-gen 5G technology networks are being built, demand for Inseego's antennas and other infrastructure gear is accelerating.
Since remote work became normalized during the COVID-19 pandemic, more households are relying on mobile providers for high-speed internet, driving demand for Inseego's 5G mobile hotspot devices. These 5G devices are proving popular with schools, employers, and consumers alike.
T-Mobile (TMUS +0.17%), which is emerging as a market leader in this new era of digital mobility, offers Inseego's Wi-Fi routers to its customers. The telecommunications giant has the most 5G coverage among mobile service providers in the U.S. With 5G adoption still growing, Inseego could ride T-Mobile's coattails as the company continues to expand and improve its 5G network.
The big news, however, came in April 2026, when Inseego acquired Nokia's fixed wireless access (FWA) business. The deal, which is expected to close in the fourth quarter of 2026, will give Nokia an 11% stake in Inseego, and the two companies will collaborate on 6G and wireless edge initiatives.
The company expects the deal to significantly expand its market position. Inseego, however, is still reporting GAAP losses, has $49 million in debt, and a $19 million cash balance. Its successful integration of Nokia's FWA business and new hotspot product launches will determine whether Inseego stock offers major gains or sinks under the weight of expectations.
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