- Spectrum Global Solutions delivers an array of end-to-end telecommunications professional services, infrastructure and maintenance solutions for the communications network market, serving clients large and small, including recognized brands such as Ericsson, AT&T and Verizon
- The in-process development of networks for their evolution to 5G speeds and efficiencies heralds a potential $3.48 trillion market (by 2026) in which Spectrum Global intends to operate
- Spectrum Global recently announced that it has been awarded $3.6 million in new contracts, the majority of which pertain to 5G network establishment
- As 5G networks develop, they will provide growing opportunities for IoT and AI-enabled products to gain mainstream acceptance as wireless services increasingly become a viable alternative to fixed broadband platforms
The evolution of digital cellular networks to a higher-speed 5G capacity is driving new revenue for Spectrum Global Solutions Inc. (OTCQB: SGSI), an end-to-end U.S. network service provider that’s ideally positioned to serve businesses setting up infrastructure for participation in the new 5G wave of technology.
Spectrum Global is a holding company operating in the communications technology services industry, providing telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and the Caribbean through its subsidiaries, AW Solutions, ADEX Corp. and TNS Inc.
The company announced August 22 that it has been awarded $3.6 million in new contracts across all its subsidiaries, with the majority of the contracts pertaining to 5G network establishment for new and previously existing clients (http://ibn.fm/1fw5E).
“Across the board, we are seeing network operators and carriers strengthen and expand their wireless infrastructure on the back of an ever increasing consumer demand for wireless data,” CEO Roger Ponder stated in a news release. “These new contract awards in particular pertain to enhancing data infrastructure for the upcoming Super Bowl through improvements to hospitality facilities’ telecommunications and security infrastructure.”
SGSI provides its network establishment and maintenance expertise directly to carriers, aggregators, enterprise services, project management office (PMO) and original equipment manufacturer (OEM) clientele that include such prominent names as Ericsson, Nokia, Sprint, AT&T and Verizon.
5G networks, as with prior network evolutions, promise an exponential increase in speed over the currently ubiquitous 4G and 3G operators. ‘5G NR’ (5G New Radio) software will initially depend on existing 4G LTE networks and will provide slight improvements in the performance, flexibility, scalability and efficiency of current mobile networks before evolving with entirely new infrastructure (http://ibn.fm/NZ8NM), utilizing unprecedented levels of cost, power and deployment efficiencies.
One aspect of that strategy involves a plan to develop millimeter wave infrastructure for 5G using antennas that are smaller than the large antennas used in previous cellular networks, with a shorter-range reach than microwaves (http://ibn.fm/qz4cp). Such a plan would require a much more extensive infrastructure development than what exists currently.
“As we continue to expand our service offering to support the rollout of 5G, which requires a large number of small cell deployments rather than a fewer number of larger towers as was traditionally seen, our opportunity pipeline continues to grow at a rapid rate,” Ponder added. “I look forward to continued operational execution on this front and long-term shareholder value creation.”
Mobile operator data analysts at GSMA Intelligence anticipate that 5G will drive mainstream adoption of Internet of Things (IoT) products and artificial intelligence (AI)-enabled services, as well as growth in augmented reality (AR), virtual reality (VR), industrial automation and the delivery of wireless content as an alternative to fixed broadband platform delivery (http://ibn.fm/Dhdnu).
As commercial launches give way to increasing adoption, Research and Markets analysts predict that 5G will grow from a $33.67 billion industry in 2017 to $3.48 trillion by 2026, with CAGR acceleration of 67.44 percent (http://ibn.fm/3BGOo), which signals a marketplace full of opportunity for SGSI.
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