Spectrum Global Solutions (OTCQB: SGSI), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, recently secured a key contract renewal with a U.S.-based tier 1 carrier. An article discussing the company reads, “The three-year contract with the large-scale telecommunications firm is confidential under the terms of the agreement and based on demand, but Spectrum Global’s announcement notes that a comparable contract with the same company during the prior three-year period generated more than $17.5 million in revenue (http://nnw.fm/V7Jih). . . . ‘We believe that these types of contracts will grow to become particularly valuable as the vast investments that carriers are making into their communications infrastructure come to fruition,’ CEO Roger Ponder stated in a news release. ‘It is estimated that the infrastructure cost for 5G alone will exceed $1 trillion, creating an immense opportunity for us to enable carriers to provide improved data connectivity to increasingly data-hungry consumers nationwide.’”
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About Spectrum Global Solutions Inc.
Spectrum Global Solutions is a leading single-source provider of next-generation communications network infrastructure and maintenance solutions. Spectrum’s highly scalable platform model, proven out through engagements with tier-1 network operators in the United States, Canada and the Caribbean, uniquely allows for the bundling of disparate services with a single provider, simplifying network deployment and maintenance with a comprehensive, cost-competitive, one-stop-shop solution. For more information, visit the company’s website at www.SpectrumGlobalSolutions.com.
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