Nokia signed an agreement to sell its Enterprise Campus Edge (ECE) business to investment company Aurelius Group, a move the Finnish vendor stated sharpens its portfolio and directs capital to areas earmarked for long-term value.

Value of the planned transaction was undisclosed and Nokia expects the deal to close in the first half of 2027, subject to customary closing conditions.

Nokia this month also completed a deal to sell its fixed wireless access (FWA) CPE business to US broadband vendor Inseego.

Under Aurelius’ ownership, Nokia said ECE will continue to operate as a standalone business but benefit from greater independence and a dedicated strategic focus. Employees are expected to transfer with the business, in accordance with applicable local laws and processes.

ECE has a big presence in the private wireless market, serving almost 900 customers across industries including manufacturing, mining, logistics, airports, ports and power generation worldwide.

Its portfolio also includes industrial devices, on-premises operational technology, edge and micro-edge solutions and software applications to power industrial AI use cases.

Konstanty Owczarek, chief corporate development officer at Nokia, said the deal provides ECE a strong foundation for growth. “Our priority throughout the transition will be continued growth of the business and continuity for existing customers and employees,” he added.

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US broadband vendor Inseego completed its deal to buy Nokia’s fixed wireless access (FWA) CPE business, in a move it expects will roughly double its revenue.

By adding indoor, outdoor and mmWave FWA technologies to its wireless broadband portfolio, Inseego stated it now has a global presence across consumer and business connectivity.

Its footprint for operators now includes Europe, the Middle East, Asia, Oceania and the Americas, while also expanding its engineering capabilities.

To support its global ambition, Inseego established an international headquarters in Amsterdam, a development centre in Athens, Greece, expanded its presence in Bangalore, India, and added customer-facing sales and technical resources across its new markets.

“We now have the scale, technology, and global reach to support carriers across business, residential, and mobile use cases,” Inseego CEO Juho Sarvikas said.

The deal, announced in April, grants Nokia approximately 1.9 million common shares, representing an 11% ownership stake in Inseego

The Finnish vendor also received warrants to purchase up to 800,000 shares of common stock, at an exercise price of $4.26 per share.

Nokia will also kick in a further $10 million cash payment by 15 October to support engineering work on interoperability between Inseego’s device operating system and cloud platform and certain Nokia technology ecosystems over the coming year.

Nokia will provide transition support and refer new FWA opportunities to Inseego.

About 250 people from the acquired business will support Inseego’s engineering, product management, supply chain, sourcing and customer support operations. They include employees joining Inseego and Nokia personnel providing support under a transition services agreement.

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Nokia and satellite sector specialist ICEYE inked a deal to develop sovereign low Earth orbit (LEO)-based communications systems for government use cases including defence, border security and disaster response.

The Finnish pair aim to launch the first communications satellites for the project in 2028, noting the planned systems would give nations ownership and control of the satellites, ground infrastructure and terminals.

In a joint statement, they explained they intend to deliver “targeted, high-throughput, low-latency connectivity over priority mission areas” to complement existing military and commercial networks rather than replace them.

Their birds are expected to add reach, resilience and capacity for critical connections.

The pact draws on ICEYE’s expertise in delivering sovereign satellite projects in Europe, and Nokia’s experience in networks and defence.

They plan to “integrate satellites, ground infrastructure and ruggedised end-user terminals” to extend ICEYE’s so-called sovereign intelligence from space business model to satellite communications.

The satellite company has customers in defence, environmental monitoring, insurance and emergency management, among others, operating what it describes as the world’s largest and most advanced synthetic aperture radar satellite constellation.

It provides data services and whole sovereign satellite projects.

Complementary
ICEYE CEO and co-founder Rafal Modrzewski said “nations must be able to fully own and control their communications, without dependency on a foreign commercial operator’s terms of service”.

“We delivered Poland its own radar satellite system in under a year. Partnering with Nokia lets us move at a similar speed for satellite communications, on the timelines nations need.”

Nokia president and CEO Justin Hotard added “sovereign operations depend on the ability to sense, decide and act in real time. Physical AI makes that possible, but only with secure, resilient connectivity across land, sea, air and space”.

He added the joint project would complement terrestrial networks “giving nations the situational awareness, connectivity and control they need to operate with confidence in contested environments across all domains”.

The move is the latest from European companies targeting increasing demand for sovereign technology systems from commercial and public sector organisations.

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