Spectrum Global Solutions (OTCQB: SGSI), a leading
single-source provider of next-generation communications network infrastructure
and maintenance solutions, this morning announced that it has secured a key
3-year nationwide contract renewal with a tier-1 U.S. based telecommunications
company. According to the update, the contract renewal was awarded through the
company’s ADEX subsidiary and is for outside plant labor, construction and
maintenance services. A comparable contract with the same tier-1
telecommunications company in the prior 3-year period generated revenue in
excess of $17.5 million. “We are pleased to announce this key contract win with
a tier-1 U.S. based carrier,” Roger Ponder, CEO of Spectrum Global Solutions,
said in the news release. “We believe that these types of contracts will grow
to become particularly valuable as the vast investments that carriers are
making into their communications infrastructure come to fruition. Contracts
like this also create exciting ancillary opportunities for us to win new
business for our AW Solutions and TNS subsidiaries as well.”
To view the full press release, visit http://ibn.fm/GUAoI
About Spectrum Global Solutions Inc.
Spectrum Global Solutions is a leading single-source
provider of next-generation communications network infrastructure and
maintenance solutions. Spectrum’s highly scalable platform model, proven out
through engagements with tier-1 network operators in the United States, Canada
and the Caribbean, uniquely allows for the bundling of disparate services with
a single provider, simplifying network deployment and maintenance with a comprehensive,
cost-competitive, one-stop-shop solution. For more information, visit the
company’s website at www.SpectrumGlobalSolutions.com.
NOTE TO INVESTORS: The latest news and updates relating
to SGSI are available in the company’s newsroom at http://ibn.fm/SGSI
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