- Q3 revenue up 300 percent year-over-year, with an equally impressive 200 percent increase in net income
- Recent acquisition of Telnet Solutions Inc. brings new clients, capabilities and solutions to Spectrum Global portfolio
- Proven track record of selling and supporting Fortune 1,000 accounts and Tier 1, 2 and 3 carriers
- U.S. telecommunications industry expected to invest $157 billion in capital upgrades for new and existing networks by 2021
- 5G networks expected to roll out in 2019
Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions Inc. (OTCQB: SGSI) is targeting a massive market that analysts project will require an infusion of more than $150 billion in fiber infrastructure over the next five to seven years. As a full-service provider, Spectrum Global has the capability to upgrade, install and maintain next-generation telecommunication networks, including the highly anticipated deployment of a nationwide 5G network (http://ibn.fm/MceyM).
In an interview on The RedChip Money Report, a television program that delivers commentary on small-cap investing, financial book reviews and executive interviews, Spectrum Global President Keith Hayter emphasized the company’s abilities as a comprehensive, single-source services solutions provider.
“Telecommunications is going through a technology evolution and explosion that’s continuing through 2025, and we’re just at the beginning of that now,” Hayter said during the interview that aired January 16 on Bloomberg International (http://ibn.fm/QqYyL). “With this explosion in technology and the need to expand telecommunication network infrastructure, resources companies such as ours are in short demand, so that creates a need there that we can fulfill. We have the full service offering that allows us to plan, design, construct, install and maintain the networks. That’s a long-life cycle of services that we can provide.”
In its 2018 look at the telecommunications industry, Deloitte notes that there is a heavy investment demand related to the core fiber network to support anticipated growth in data services related to 5G. Carriers also have the ever-present obligation to continue to update legacy IT systems, particularly as they expand into new areas (http://ibn.fm/5O2j1). Deloitte projects a fourfold increase in mobile data traffic in the U.S. between 2016 and 2021, suggesting an investment of $130 billion to $150 billion could be required over the next several years to adequately support broadband competition, rural coverage and wireless densification (http://ibn.fm/6xYWX).
“The market opportunity is immense with over $1.5 trillion going to be spent on telecommunications,” Hayter told The RedChip Money Report. “For deployment services, which is where we primarily fit in and get our revenue streams, from $150 billion to $200 billion will be spent over the next couple of years. Again, once you extrapolate that through 2025, that’s an immense opportunity for us.”
5G wireless networks promise better performance for urban and rural customers, including increased data speed and responsiveness. A fully-functioning 5G network would be a game-changer in the way that higher education and other businesses use, manage and set up everything from Internet of Things devices to data-heavy applications, as an article in EdTech Magazine details (http://ibn.fm/9k9Ur).
Spectrum Global recently announced the acquisition of Telnet Solutions Inc. (“TNS”), a telecom services company that offers design, installation and maintenance of structured cabling system solutions to the enterprise market. Based in Des Plaines, Illinois, Telnet Solutions operates both nationally and abroad and has over 16 years of experience in the field. As of 2018, the company’s annual revenue was over $6 million, producing more than $1 million of adjusted EBITDA, according to a company news release (http://ibn.fm/OmVDT).
Spectrum Global is one of the few nationwide, full-service entities offering network engineering, construction, installation, maintenance and supportive professional services for metropolitan areas through its subsidiaries: AW Solutions, ADEX and Telnet Solutions. SGSI is professionally registered in every U.S. state but Alaska, as well as three U.S. island territories and six Canadian provinces, allowing it to respond to multi-location projects and the growing need for bundled services.
For more information, visit the company’s website at www.SpectrumGlobalSolutions.com
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