- Inseego is boosting its FWA CPE team by hiring two ex-Nokia execs
- The company also expanded the role of its chief commercial officer (CCO) to include the Americas and Latin America
- Inseego's acquisition of Nokia's FWA business is nearly complete
Inseego is moving full-steam ahead with its new fixed wireless access (FWA) customer premises equipment (CPE) business, which it bought from Nokia in late April for a stock and cash deal.
Today the company brought two ex-Nokia folks onboard — Pranav Shroff as SVP and MD, India and Asia Pacific (APAC) Sales, and Ossi Korpela, as SVP and MD Europe, Middle-East, Africa (EMEA) Sales.
In addition, Inseego announced that Steve Harmon, chief commercial officer, will expand his coverage to lead the Americas, including the company’s expansion into Latin America.
Shroff spent 10 years at Nokia before moving on to Microsoft, Airtel, Apple and Eli Lilly. Korpela spent over seven years at Nokia before moving to Microsoft, HMD Global (a Nokia phones company), then Porsche Finland.
In addition, Steven Gatoff, current CFO, will also lead the company’s international expansion. Gatoff has been with Inseego for almost four years.
The hirings are all part of Inseego's expansion plans, which included the acquisition of Nokia's FWA business, according to CEO Juho Sarvikas. "When we announced our planned acquisition of Nokia’s fixed wireless access business, we shared our bold ambition to become the global leader in wireless broadband. Today’s announcement highlights the concrete steps we are taking to put our international plans into action," he said on LinkedIn.
Other changes at Inseego
Inseego said Amsterdam is now its center of international operations, extending the reach of its San Diego-based global headquarters.
The company will establish an engineering center in Athens, Greece. There the team will work on product development, customer support and the advancement of Inseego’s global FWA portfolio at a global level.
About the Inseego-Nokia deal
Inseego's acquisition of Nokia's gear includes Nokia receiving approximately $20 million in stock and warrants, equating to an equity stake of about 7% in Inseego. Nokia will then make an additional $10 million investment at the close of the transaction, giving Nokia a stake of about 11% in Inseego.
The deal is expected to close in October.
Fierce Network's other coverage of Inseego
Nokia sells FWA business to Inseego
Inseego aims big for enterprise FWA with new router
T-Mobile and Inseego unveil snazzy new 5G router for business
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