Spectrum Global Solutions (OTCQB: SGSI), a leading telecommunications engineering and infrastructure services provider, on Monday announced that the company has received new contract awards worth more than $3.7 million recently to support carrier network upgrades. “These work orders from new and existing clients continue to show the accelerated growth predicted as a result of national 5G implementations and on-going network upgrades that has begun this year,” Spectrum Global Solutions CEO and Chairman Roger Ponder stated in the news release. “Attention about 5G has been focused on the publicly announced plans of major telecom companies to install millions ‘small cells’ on electric utility poles, on public buildings and schools, on bus stop shelters, in public parks and other public and private owned infrastructure. All these ‘Small Cells’ will require new fiber connections to transmit the ever-increasing data being consumed. These plans provide tremendous new business opportunities in both engineering and installation services for our company.”
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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 the Caribbean. For more information, visit the company’s website at www.SpectrumGlobalSolutions.com.
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