- Spectrum Global Solutions is an end-to-end market solutions provider for communications networks, providing and maintaining infrastructure for wireless and wired-in products
- The rush by major carriers to secure enhanced-speed 5G wireless network space is creating a boom in opportunity for infrastructure builders, and Spectrum Global is increasingly competitive in the industry
- Spectrum Global’s just-released financial results for the third quarter show the company’s portfolio growing with the addition of German energy system crystal tech developer WaveTech GmbH
- The addition of millions of dollars in new and renewed contracts, including tier 1 carriers, demonstrates the level of confidence and attention focused on Spectrum Global’s services
A recently released third quarter financial report is sending strong signals about telecommunications network infrastructure builder Spectrum Global Solutions Inc. (OTCQB: SGSI) following months of new contract and portfolio-building activity that has allowed the company to simultaneously eliminate $4.7 million in both debt and accrued interest, strengthening its balance sheet.
“We expect to see encouraging growth through the remainder of the fourth quarter and into 2020, chiefly driven by growing investments in 5G networks across the United States by all major carriers,” Spectrum Global CEO Roger Ponder stated in a company news release announcing the…
NOTE TO INVESTORS: The latest news and updates relating to SGSI are available in the company’s newsroom at http://nnw.fm/SGSI
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 SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.