The sale was expected to close in early 2017, pending approval from shareholders and regulators. In September 2016 Novatel Wireless announced that it agreed to sell the MiFi brand to TCL Industries Holdings of Hong Kong. Novatel Wireless has never offered an official explanation for the origin of the name "MiFi" it is believed to be short for "My Wi-Fi". In many countries, including the United States, Canada, and Mexico, Inseego Corp (previously known as Novatel Wireless) owns a registered trademark on the "MiFi" brand name in the United Kingdom, mobile operator Hutchison 3G owns the "MiFi" trademark. MiFi is a brand name used to describe a wireless router that acts as a mobile Wi-Fi hotspot. A Novatel MiFi 2372 "Intelligent Mobile Wi-Fi Hotspot"
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