Nokia drops Incoax from joint offering, sending shares down more than 50 percent

First North-listed Incoax products will therefore be removed from Nokia's offering to customers, according to Incoax.

"Nokia cites a lack of customer interest in the joint solution as the reason for the decision," the company writes in a press release.

“Incoax is now evaluating the consequences of Nokia's decision, including its significance in relation to the parties' existing agreements, and has initiated a dialogue with Nokia on the further handling,” Incoax adds.