Vator Securities advises InCoax Networks on 53 MSEK Rights Issue
About InCoax Networks
InCoax Networks 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.
InCoax Networks – Providing Fiber Access Extension solutions to world leading telecom and broadband service providers.
InCoax’s solutions enable internet providers to maximize existing broadband solutions. InCoax uses spare capacity in properties’ existing coaxial networks for connecting fiber, enabling short time to revenue for internet providers.
Large market opportunity in the fiber market where 51% and 59% of households with access to fiber in EU and US respectively, lack connection to fiber network.
Accelerating commercialization driven by surge in orders and interest from leading internet providers.
Successful collaboration with Google Fiber with increasing order intake, total order volume of SEK 27.1m from Google Fiber during Q4 2023.
Increasing interest from Tier-1 internet providers. SEK 14m order secured from US Tier-1 operator during Q3 2023.
During Q4 2023 InCoax signed Memorandum of Understanding (MoU) with Nokia.
Record net sales for a single quarter during Q3 2023 and in December 2023 InCoax communicated an expectation to exceed the financial target for 2023.