Spectrum Global Solutions Inc. (SGSI) Sees Star Rising as Investment in 5G Technology Increases

October 24, 2019 11:54:15
  • Telco capital expenditures of $150 billion are planned through 2023
  • Aerospace companies are also spending on 5G
  • Spectrum recently secured a key, two-year nationwide contract with a Tier-1 infrastructure aggregator

It’s not just telecommunications companies that are opening their businesses – and wallets – to 5G. Space companies are investing in 5G technology too, which means good things for companies such as Spectrum Global Solutions Inc. (OTCQB: SGSI). Lured by the faster speeds and lower latencies of 5G, Boeing, SpaceX and other aerospace companies hope to increase the range of telecommunications possible through satellite, which is good enough for phone calls and TV but can’t handle data-intensive applications like streaming video – à la Netflix – very well.

Harnessing those advantages, however, requires investment in costly new innovations. As a result, what started as a trickle of dollars for 5G infrastructural development has now turned into a flood. That influx of funds means infrastructure aggregator Spectrum can look ahead to a bright future as it continues to build and…

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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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