Leading telecommunications engineering and infrastructure
services provider Spectrum Global Solutions (OTCQB: SGSI) this morning
announced its year-to-date receipt of over $5.8 million in new contract awards
to support carrier network upgrades. “The new orders add to business obtained
in 2018 that we have on deck for completion this year,” Spectrum Global CEO
Roger Ponder stated in the news release. “We anticipate that the new contracts
– paired with the unique services, solutions and technology brought into the
business through our pending WaveTech merger – will result in greater value to
Spectrum Global and the combined entity.” Spectrum Global’s
previously-announced merger with WaveTech Global Inc. will create a
consolidated entity valued at more than $130 million. Upon closing, Spectrum
Global intends to file for a name change to WaveTech Global and, subject to
approval by Nasdaq and FINRA, uplist to Nasdaq under the “WAVE” ticker symbol.
To view the full press release, visit http://ibn.fm/iwltS
About Spectrum Global Solutions Inc.
Spectrum Global Solutions operates through its subsidiaries:
AW Solutions, ADEX Corp and TNS. The company is a leading provider of
telecommunications engineering and infrastructure services across the United
States, Canada, Puerto Rico, Guam and Caribbean. For more information about the
company and its technologies, visit the company’s website at www.SpectrumGlobalSolutions.com.
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