InCoax secures orders worth 960 kUSD (appr. 10.5 million SEK) from the US-based FiberLAN operator
InCoax has received new orders valued at 960 kUSD (10.5 MSEK) from the US-based FiberLAN operator. The orders cover system components for MultiGigabit broadband access in multi-family homes (MDUs) and will be delivered and invoiced in January 2025.
This collaboration underscores the operator’s confidence in InCoax’s ability to deliver scalable, future-proof broadband access solutions. The new orders will support the operator's expansion strategy in early 2025, ensuring the availability of critical components to meet customer needs and maintain their competitive edge in the market.
InCoax’s solutions are attracting significant interest among operators aiming to enhance their broadband offerings without the time-intensive and costly process of deploying fiber or Ethernet cables to every apartment. By repurposing existing in-building coaxial cable networks, InCoax enables broadband connections with multigigabit speeds, which shorten time to revenue for operators and contribute to sustainable broadband deployments.
For more information about InCoax and its MultiGigabit access solutions, visit InCoax’s website.
This information is such information as InCoax Networks AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 08.30 CET on December 23, 2024.
For additional information, please contact:
Jörgen Ekengren, CEO, InCoax Networks AB
jorgen.ekengren@incoax.com
+46 73 899 55 52
About InCoax Networks AB
InCoax Networks AB (publ) re-purposes existing property coaxial networks in fiber and fixed wireless access (FWA) extension deployments for Communication Service Providers (CSP) globally. The technology is a high performance, future proof, reliable and cost-effective complement, that reduces installation time and improves take-up rate, to boost digital inclusion and internet access for all.
To keep updated on corporate information, visit incoax.com. Vator Securities AB, tel. +46 8-5800 6599, ca@vatorsec.se, is acting as the company’s Certified Adviser.