- High-speed 5G networks and enabled products are expected to begin rolling out this year, building momentum in coming years
- Spectrum Global Solutions provides end-to-end network services for telecommunication giants in the 5G space
- SGSI merger with WaveTech Global in the works, boosting companies’ responsiveness and enterprise value with uplisting application expected
Although it seems like 2019 has only just begun, some communications companies are already thinking about the year-end holidays as 5G-enabled wireless technologies prepare to storm the marketplace, with a likely inescapable presence in consumer advertising circles. That’s because some industry insiders, such as Qualcomm President Cristiano Amon, predict that consumers may not even have the option of buying a new high-end device without going all-in for the super-fast network come Christmas (http://ibn.fm/Zdbig).
End-to-end telecommunications network service provider Spectrum Global Solutions Inc. (OTCQB: SGSI) is positioned to enable the buildup of 5G networks as providers — including some major SGSI clients such as multinational telecommunications giants Sprint, AT&T and Verizon — rollout their options for service that’s expected to be 10- to 100-times faster than current coverage. SGSI’s subsidiaries, AW Solutions, ADEX Corp., TNS Inc. and Tropical Communications, serve the company’s array of carrier, aggregator, utility, enterprise, project management organization (“PMO”) and original equipment manufacturer (“OEM”) clients across the United States, Canada, Puerto Rico, Guam and the Caribbean.
Although the first mobile devices to pack a 5G punch won’t have many places to connect to the fast networks – and those that do face a marketplace response still wondering what to do with the faster speeds (http://ibn.fm/rBwOS) – Amon anticipates that “all carriers will have 5G” in the United States by the second half of 2019, and 4G will begin to fade away as its offspring begins to come into its own by late 2020 and the following year.
Spectrum Global Solutions Inc.’s services and software solutions are expected to receive an upgrade of their own following a definitive merger agreement with WaveTech Global Inc. – a next-generation technology platform that specializes in mobile network microservices, critical power management, asset lifecycle extension, data analytics and intellectual property development. Upon completion of the merger, SGSI will rebrand itself under the ‘WaveTech Global’ name and make applicable filings with regulatory officials as it also seeks uplisting to a Nasdaq exchange under ticker symbol ‘WAVE’, according to a news release about the agreement last month (http://ibn.fm/gfhpL).
Under the agreement, an investment of about $1.1 million from WaveTech Global allowed SGSI to clear a debt owed to Libertas Funding LLC in relation to the TNS acquisition, saving the company “thousands of dollars and (freeing) up additional cash that was being used for amortization payments,” according to SGSI CEO Roger Ponder (http://ibn.fm/17vAf).
The combined companies are expected to have an enterprise value of $130 million.
For more information, visit the company’s website at www.SpectrumGlobalSolutions.com
