InCoax wins orders of 6,4 MSEK from US Fiber/LAN Operator

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The Operator is increasing deployments resulting in the largest order entry value in the company’s history. Delivery and invoicing are planned to take place during Q3 and early Q4 2021.

The Operator is active in more than ten metropolitan areas in the US and currently has approximately half a million subscribers.

“The simplicity of utilizing the property's existing coaxial network convinces the Fiber / LAN operator to use the InCoax solution in new and existing geographical areas. We are now present in nine metropolitan areas and in numerous multi-family buildings, which opens up for further expansion during the fall”, says Helge Tiainen, Head of Product Management, Marketing & Sales, InCoax Networks.

The InCoax MoCA Access 2.5 platform is a cost-effective and fast way compared to Fiber/LAN to execute the fiber deployment strategy in Multi-Dwellings Units (MDUs) all the way to the consumer. Implementing the InCoax Fiber Access Extension solution accelerates number of deployments and shortens the time for increased revenue for the operator.

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 person set out above, at 15.00 CEST on June 23, 2021.

For additional information, please contact:
Jörgen Ekengren, CEO, InCoax Networks AB
 +46 73 899 55 52

About InCoax Networks AB
InCoax Networks AB (publ) is innovating the reuse of existing in-building infrastructure for broadband access. We provide the next-generation MultiGigabit networking solutions to the world’s leading telecom and broadband service operators. To keep updated on corporate information, visit Augment Partners AB, tel. +46 8-604 22 55, is acting as the company’s Certified Adviser.