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Inseego to Participate in Mobile World Congress 2026
Globenewswire· 2026-02-03 14:13
Core Insights - Inseego Corp. will participate in Mobile World Congress Barcelona 2026, showcasing its advancements in 5G mobile broadband and fixed wireless access solutions [1][2] Group 1: Event Participation - The company will engage with customers, partners, and the investment community to discuss advancements in wireless edge technology [2] - Inseego will demonstrate commercially available devices and solutions that leverage the latest cellular technology, including 5G-Advanced [4] Group 2: Technology and Solutions - The foundation of the wireless edge is cellular-first connectivity, enhanced with intelligence, manageability, security, and resilience [3] - Inseego will highlight its cloud-based SaaS platform, Inseego Subscribe, which allows service providers to manage the subscriber lifecycle [5] Group 3: Company Overview - Inseego is a leading provider of cloud-managed wireless broadband connectivity solutions, with a comprehensive hardware portfolio and a SaaS platform for device and network management [7] - The company has delivered over 10 generations of solutions, emphasizing speed, security, and reliability for various sectors including businesses and government agencies [7]
Inseego Repurchases All of Its Outstanding Preferred Stock, Further Strengthening Capital Structure
Globenewswire· 2026-01-14 21:10
Core Viewpoint - Inseego Corp. has successfully completed the repurchase of all outstanding Fixed-Rate Cumulative Perpetual Preferred Stock, Series E, in exchange for cash, common stock, and senior secured notes, aiming to simplify and strengthen its capital structure [1][4]. Financial Summary - The company retired 100% of the Preferred Stock, which had a liquidation preference of $42 million as of December 31, 2025, in exchange for $26 million of aggregate consideration, representing a 38% discount [2]. - The consideration consisted of $10 million in cash, $8 million in existing 9.0% Senior Secured Notes due 2029, and approximately 767,000 shares of common stock [2]. Payment Structure - The cash consideration will be paid in three equal installments: one-third at the Closing Date, one-third six months later, and the final one-third twelve months after the Closing Date [3]. Strategic Implications - The transaction is part of the company's strategy to reduce long-term obligations, improve the balance sheet, and enhance stockholder value [4]. - Mubadala Capital, the previous holder of the Preferred Stock, now holds a minority position in the company's common stock, indicating a shift in ownership structure [4]. Company Overview - Inseego Corp. is a leading provider of cloud-managed, wireless broadband connectivity solutions, focusing on 5G mobile broadband and Fixed Wireless Access (FWA) [5]. - The company has delivered over 10 generations of solutions that provide speed, security, and reliability for various sectors, including businesses and government agencies [5].
Inseego to Ring The Nasdaq Stock Market Closing Bell on Monday, December 8, 2025
Globenewswire· 2025-12-04 13:30
Core Insights - Inseego Corp. is celebrating its 25th anniversary on Nasdaq, marking a significant milestone in its journey as a leader in enterprise wireless connectivity solutions [1][2][3] Company Overview - Inseego Corp. has evolved into a trusted provider of secure, high-performance wireless connectivity solutions for enterprises, government agencies, and service provider partners globally since its Nasdaq listing in 2000 [2] - The company specializes in 5G mobile broadband and fixed wireless access (FWA) solutions, continuing to innovate in next-generation wireless technologies [2][5] Leadership and Vision - CEO Juho Sarvikas emphasized the company's ambition to transform global connectivity, highlighting its history of innovation, including the invention of the MiFi hotspot and advancements in secure 5G technology [3] - The company is committed to defining the next generation of wireless broadband, reflecting the dedication of its employees and the trust of its customers and partners [3] Event Details - The Nasdaq Closing Bell ceremony will take place on December 8, 2025, featuring the company's leadership team and will be broadcast live [1][3]
Inseego Strengthens Carrier Partnerships with Addition of Two Industry Leaders to Sales Team
Globenewswire· 2025-05-20 12:05
Core Insights - Inseego Corp. has appointed two industry leaders to its Carrier Sales team to enhance its market position and accelerate growth in the 5G mobile broadband and fixed wireless access sectors [1][2][4] Group 1: Leadership Appointments - The new Vice Presidents bring decades of experience and extensive relationships within the 5G ecosystem, which will be crucial for expanding strategic partnerships [2][4] - The appointments are expected to align Inseego's solution portfolio with the evolving needs of carrier partners, reinforcing its status as a preferred partner for mobile network operators [4] Group 2: Company Overview - Inseego is recognized as a leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB clients across its 4G, 5G, and cloud platforms [5] - The company's 5G Edge Cloud integrates advanced 5G technology with cloud networking features and intelligent edge applications, aimed at enhancing business outcomes and operational visibility [5] Group 3: Executive Backgrounds - Jim Berridge has a strong background in telecommunications, known for aligning sales strategies with business objectives and driving sales growth through advanced wireless technologies [6] - Steve Linke, with over 25 years in the telecommunications industry, has a proven track record in revenue and sales growth within enterprise markets, having held senior roles at major companies [6]