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. 

Press release 

The case 

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. 

Website: https://www.incoax.com/ 

 

Rights Issue

 

 

SEK 52,6 million 

December 2023 

Financial Adviser