- Spectrum Global Solutions sees trading on OTCQB as a necessary next step in its continued development
- Demand for increased network capabilities is increasing as global use of data continues to grow exponentially
- Spectrum Global is set to reach this increased demand primarily through its multiple subsidiaries with regional, national and global projects
Spectrum Global Solutions Inc. (OTCQB: SGSI), a leading single-source provider of end-to-end, next-generation wireless and wireline networks, recently announced that its stock has been uplisted and approved for trading on the OTCQB Venture Marketplace. The company provides professional service solutions to the service provider and corporate enterprise markets.
CEO Roger Ponder described the benefits of trading on the OTCQB. He referred to it as an “established public market,” allowing only well-established companies to trade. The criteria for approval includes several components. Companies’ financial reporting must be up-to-date (http://nnw.fm/a3O8I), and they must also “undergo an annual verification and management certification process.” Ponder sees the listing as a necessary step in the continued growth of Spectrum Global. In a news release, he mentioned, “As we focus on building a business that delivers long term shareholder value, we believe this up-listing will enhance investor accessibility and serve as a stepping stone to meet the listing requirements for admission to the NASDAQ or NYSE in the future.”
As more and more of the world’s citizens rely on their smartphones, tablets, and devices every day, mobile data traffic has skyrocketed, creating a global demand for increased network capabilities. The telecom industry expects to grow exponentially in coming years to meet this demand for better coverage, enhanced capability, private networks and swift development of new apps.
The industry has evolved from 2G in 1991 to 3G in 1998 and 4G in 2008, increasing the demand for quality wireless and wireline network providers and enhancing the overall revenue stream of such entities. Spectrum Global pledges, “We engineer, upgrade, install, and maintain next-generation telecommunication networks.” This type of service will become especially relevant in the coming years, as 5G is expected to be rolled out in 2020. According to Accenture (http://nnw.fm/X8vuS), “The 5G rollout will create 3 million American jobs and drive over $500 billion U.S. GDP growth.”
Spectrum Global owns and operates multiple subsidiaries, which allow it to provide comprehensive services covering all aspects of fiber networks and infrastructure. These subsidiaries include AW Solutions, LLC; ADEX Corporation, LLC; TNS, Inc.; and Tropical Communications, Inc. Through these subsidiaries, Spectrum Global has grown a project portfolio that extends regionally, nationally and globally. Its new trading position on the OTCQB will be crucial in supporting the company’s continued development.
For more information, visit the company’s website at www.SpectrumGlobalSolutions.com
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