- Spectrum Global Solutions is professionally registered in 49 states, three U.S. territories and six Canadian provinces
- Carriers, consumers and enterprises are projected to spend $1.5 trillion on telecommunications services
- The ongoing 5G rollout is forecast to create three million American jobs and drive over $500 billion in U.S. GDP growth
- SGSI, trusted and qualified to build and service end-to-end communication networks, has a proven track record with top-tier Fortune 1,000 companies worldwide
Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions Inc. (OTCQB: SGSI) is trusted worldwide to engineer, upgrade, install and maintain next-generation telecommunications networks. SGSI’s customers include some of the largest and most respected firms in the high-growth telecom industry, which is forecast to grow to nearly $1.5 trillion in value by 2020, according to Statista (http://ibn.fm/u2J2t).
Worldwide, the number of mobile connections is predicted to reach nine billion by 2020 – roughly twice the amount in 2009 – with spending on wireless data telecommunications forecast to reach nearly $500 billion by the end of 2019, per Statista. Recognized as one of the few elite, nationwide, full-service engineering, construction, installation, maintenance and professional service firms, SGSI has successfully executed projects across the U.S. and around the globe (http://ibn.fm/R4HPI).
SGSI President Keith Hayter noted in an interview with RedChip Money Report that the market opportunity is immense and one that Spectrum Global Solutions is well positioned to serve (http://ibn.fm/ZdJyC).
“Over $1.5 trillion is going to be spent on telecommunications,” Hayter stated in the interview. “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.”
As a holding company for next-generation technology firms specializing in the telecommunications industry across North America and Europe, SGSI recently reported its first quarter financial results, with positive income from operations and a year-over-year increase in revenues from $4.3 million to $11.3 million (http://ibn.fm/bEsBb). SGSI subsidiaries AW Solutions, ADEX and TNS provided consistent revenue growth – a pattern that is expected to continue, CEO Roger Ponder stated in the release.
SGSI sees market growth in future 5G implementation from telecom firms, as well as ongoing 4G network upgrades. The company has positioned itself to gain more market share and will seek to maximize cross-selling opportunities by leveraging services and relationships with clients of operating subsidiaries.
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