Brief: InCoax Shifts To Direct Sales
05/10/2026 07:37
BRIEF-InCoax Shifts To Direct Sales Oct 5 (Reuters) - InCoax Networks AB INCOAX.ST:
SHIFTS TO DIRECT SALES
TO ASSUME SALES RESPONSIBILITY AND GAIN ACCESS TO PREVIOUSLY RESTRICTED CUSTOMERS
PLANS SUBSTANTIAL REDUCTION IN DEVELOPMENT COSTS
EXPECTS NEED FOR NEW FINANCING BEFORE END OF 2026
ANTICIPATED CAPITAL CONTRIBUTION WILL NOT MATERIALIZE; EVALUATING ALTERNATIVE FINANCING
DOES NOT BELIEVE THAT SALES OUTCOME OF NOKIA COOPERATION PROVIDES A COMPLETE PICTURE OF MARKET POTENTIAL
Source text: ID:nWkr4vwjrM
Further company coverage: INCOAX.ST
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