Inseego shares surge after Nokia fixed-wireless CPE acquisition deal

7 articles · Updated · MarketWatch · Apr 30

The stock jumped 17% to $17.36 premarket as Nokia agreed to take a roughly 7% stake worth about $20 million.
Nokia will also invest another $10 million, lifting its total holding in the San Diego company to 11%, with the transaction expected to close in the fourth quarter.
The acquired business supplies customer premises equipment linking telecom networks to infrastructure on customers' property, and Nokia said the deal is not expected to materially affect its earnings.

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