Spectrum Global Solutions Inc. (SGSI) Quarterly Report Shows Stronger Balance Sheet, Boost from New Contracts and WaveTech Acquisition

December 2, 2019 13:18:17
  • 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…

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NOTE TO INVESTORS: The latest news and updates relating to SGSI are available in the company’s newsroom at http://nnw.fm/SGSI

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