- Spectrum
Global Solutions maintains strong industry presence through its pursuit
and strategic acquisition of choice businesses
- The
company is positioned to meet the growing demand for deep fiber
investments
- Spectrum
Global has received $1.6 million in new contract awards, signaling an
accelerated growth pattern for this year
Spectrum Global Solutions Inc. (OTCQB: SGSI), a leading
single-source provider of cost-effective, scalable and robust solutions for
those in the communications industry, recently announced that, over the past
two weeks, it has received over $1.6 million in new contract awards to support
carrier network upgrades.
In a news release (http://ibn.fm/N8dGH), CEO and President Roger Ponder
stated, “These new orders show an acceleration of the growth we have predicted
for this year. This growth in opportunities, when coupled with the unique
solutions and technology brought to market through our pending WaveTech merger
has us very excited for the future of our company.”
Upon completion of their pending merger, Spectrum Global and
WaveTech Global Inc. will create a consolidated entity worth more than $130
million and plan on seeking approval for uplisting to the Nasdaq as soon as
possible.
Spectrum Global owns and operates several subsidiaries,
allowing it to provide comprehensive services that cover all aspects of fiber
networks and infrastructure. Its subsidiary companies include AW Solutions
Inc.; ADEX Corporation; Telnet Solutions Inc.; and Tropical Communications Inc.
These subsidiaries enable Spectrum Global to provide comprehensive platforms
and services covering all aspects of the communications industry, including
development, deployment and maintenance of wireless/distributed antenna
systems, wireline and fiber networks and infrastructure. With its subsidiary
base diversified in many aspects of the industry, Spectrum Global has been able
to create a strong industry foothold through its local, regional, national and
global products, which vary in size and complexity.
The telecommunications industry is perched on the brink of
tremendous growth, as it anticipates huge consumer demand for 5th generation
(5G) mobile networking. This growth is predicted to be driven by increasing
mobile data traffic, among other things. As more and more daily interactions
are carried out on smartphones, tablets and other network-connected devices,
companies like Spectrum Global are poised to take advantage of the $150 billion
in fiber investment predicted to be required in the United States over the next
five to seven years, as forecast by Deloitte (http://ibn.fm/b6kMQ).
For more information, visit the company’s website at www.SpectrumGlobalSolutions.com
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