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.
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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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