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Kurs & Likviditet
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Telekom & Media |
| Industri | Telekommunikation och -tjänster |
InCoax and Nokia have signed an agreement to integrate InCoax's solution into Nokia's Gigabit Connect portfolio. The MoCA Access™-based solution enables cable and service providers to deliver multi-gigabit broadband services over existing coaxial cables in multi-dwelling units (MDUs) and buildings that are too difficult to serve with fiber. The solution will be marketed through Nokia's global sales and distribution network.
Scheduled trial deliveries will begin in the second half of 2024 and are expected to increase gradually thereafter. The total value of the deal is difficult to estimate but is expected to positively impact InCoax's sales growth over time. The agreement is exclusive, with an initial term of 5 years and annual renewals thereafter.
- Ideal solution for MDUs
- Alternative to fiber with fiber-like performance
- Rapid return on investment and larger subscriber base
- Easy network and service management
- Operational implementation and customer integration
Following the signing of the original Memorandum of Understanding, the parties have collaborated extensively on development, feature integration, and solution testing. Nokia's global support services organization will engage to provide customer solution support in coordination with InCoax.
"With InCoax's solution, Nokia will be able to offer operators comprehensive and integrated fiber network solutions for multi-gigabit broadband that also include multi-dwelling units where traditional fiber installations are difficult to implement due to technical, legal, and economic constraints. For an operator, this represents great value as it allows for quicker revenue generation across a larger subscriber base. It is very satisfying that Nokia has chosen InCoax MoCA Access," says Jörgen Ekengren, CEO of InCoax Networks.
For more detailed information on the agreement, InCoax, and its solutions, visit; www.incoax.com/press-releases/CB4CA0B7B4C298B2/.
InCoax's product portfolio can also be found on Nokia's website at; www.nokia.com/networks/fixed-networks/gigabit-connect/.
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 below, at 13.00 CEST on June 24, 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, Kungsgatan 34, 7tr, 111 35 Stockholm, ca@vatorsec.se,is acting as the company's Certified Adviser.