- 5G networks expected to roll out in 2019
- Around $150 billion expected in Telco CAPEX by 2023
- Spectrum’s opportunity pipeline valued at $137 million
On December 19, 2018, an investor webinar and live Q&A session put on by Spectrum Global Solutions, Inc. (OTC: SGSI) showcased the engineering company’s technological prowess and potential (http://nnw.fm/1CeCq). Undoubtedly, this single-source provider has the capability to upgrade, install and maintain next-generation telecommunication networks. Deployment of 5G networks is expected to create roughly three million American jobs and add $0.5 trillion to U.S. GDP, according to global management consultants Accenture. Spectrum plans to be part of that rollout. The company has developed a global track record by successfully executing over 150,000 projects since commencing operations 34 years ago. Spectrum has delivered cost-effective, scalable, robust solutions for communication carriers, utilities, enterprise companies, OEMs and others. With 5G on the horizon, the company is gearing up to continue its stellar performance. With $137 million in the opportunity pipeline, its stock, trading at just 7.5 percent of sales, looks strangely undervalued.
A generation ago, 2G networks were state-of-the-art. Very few people had mobile phones back then. In 1991, when 2G had its debut, cell phone subscriptions numbered about 7.5 million. Subscriptions hit 69.2 million in 1998, when 3G appeared, and reached 262.7 million in 2008, after the launch of 4G LTE. Now, with 5G set for rollout in 2019, very few on the planet will not be linked to a network. Already, major carriers like…
More from NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information, please visit https://www.NetworkNewsWire.com