- Telecommunications has emerged as a ubiquitous, brand-favored market segment that connects people around the world
- Spectrum Global Solutions serves the telecommunications industry by building and maintaining network services on an end-to-end, one-stop-shopping basis
- The company is preparing to merge with technology innovator WaveTech Global and uplist to the Nasdaq under WaveTech’s brand
- SGSI continues to see contract growth, most recently with more than $1.6 million in new awards announced on March 7
It seems a bit laughable nowadays to recognize that the history of telecommunications began with the use of smoke signals and drums in Africa, the Americas and parts of Asia (http://ibn.fm/EXuQ0). Far separated from that era, modern smartphones and wireless computer video linkages seem to have practically realized the once-fantastic interplanetary technology of the future envisioned by Star Trek’s creators some 50 years ago, and none of the developments that have occurred over the years would be possible without the infrastructure established and maintained by network service providers such as Spectrum Global Solutions Inc. (OTCQB: SGSI).
SGSI is an end-to-end telecommunications insider, providing services and software solutions across the United States and Canada and into the Caribbean.
“We’re able to provide that comprehensive set of services so it’s a one-source engagement with our customers that mitigates the need to hire multiple contractors to perform multiple services — not just across the nation, but they may only need them in specific locations,” SGSI President Keith Hayter told The RedChip Money Report during a January interview (http://ibn.fm/aklRM).
Hayter said that Spectrum Global Solutions has about 200 clients, large and small, providing services “for the installation, construction and maintenance of next-generation infrastructure for telecommunication networks.” The company recently boosted its profile by announcing that it has reached a definitive merger agreement with next-generation technology innovator WaveTech Global Inc. that is expected to see SGSI rebranded under the WaveTech Global name, boosting its aim for Nasdaq exchange uplisting.
The combined companies are expected to have an enterprise value of $130 million. On March 7, SGSI announced that it has received more than $1.6 million in new contract awards to support carrier network upgrades (http://ibn.fm/Djmjh), following on the heels of over $5.8 million in new contract awards to support carrier network upgrades (http://ibn.fm/DCzng), in keeping with its forecast that the company will seek accelerated growth during the year.
While the importance of the telecommunications industry may appear obvious from the emergent ubiquity of cell phones worldwide and Christmas spree spending on electronic devices, the notion is bolstered by analysts at MBLM, who reported in their ‘Brand Intimacy 2019 Study’ (http://ibn.fm/YTAlV) that the technology and telecommunications industry ranked third among consumers for “the emotional science that measures the bonds we form with the brands we use and love.”
Spectrum Global Solutions’ end-to-end capacity to serve clients such as AT&T and Verizon, which are among the top brand intimacy leaders in the industry, with the installation, construction and maintenance of their essential infrastructure demonstrates SGSI’s virtuosity and good name.
As network giants begin to roll out 5G-speed infrastructures during the next few years, the company will find itself in prime position to fulfill the expected growth of client contracts that SGSI has predicted.
“The market opportunity is immense,” Hayter said in a news release. “Over $1.5 trillion is going to be spent on telecommunications. For deployment services, which is where we primarily fit in and get our revenue streams from, from $150 (billion) to 200 billion will be spent over the next couple of years.”
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