Spectrum Global Solutions Inc.’s (SGSI) 2019 Contract Awards Rise to $5.8 Million as 5G Wave Approaches
- Spectrum has acquired a telecommunications firm focused on the design, installation and maintenance of structured cabling system solutions for the enterprise market
- Company recently entered a merger creating a consolidated entity with $130 million of enterprise value
- Spectrum is planning to uplist to the Nasdaq under ticker symbol ‘WAVE’
The volume of contracts – $5.8 million – won by Spectrum Global Solutions Inc. (OTCQB: SGSI) over the past 12 months shows that the engineering company is already benefiting as telecommunications carriers and large corporate enterprises upgrade their systems (http://nnw.fm/TzmC9). Spectrum’s good fortune is likely to continue as 5G rollouts accelerate. The company plans to boost its capabilities by merging with a provider of technology infrastructure and services (http://nnw.fm/eqX2K). The merger is expected to place Spectrum in position to offer more comprehensive solutions and profit from the projected $2.3 billion to be spent on 5G mobile infrastructure by 2021. Post consolidation, Spectrum intends to operate under the name ‘WaveTech Global’ and uplist to the Nasdaq under ticker symbol ‘WAVE’, subject to regulatory approval. The merger with WaveTech Global Inc. is expected to create a consolidated entity valued at more than $130 million.
With a name like WaveTech, the company is signaling its preparedness for the impending 5G tsunami, as telecommunications carriers hurriedly upgrade their cellular networks. For starters, fifth-generation (“5G”) cellular networks hold the promise of much faster data transmission speeds. While current 4G LTE has a peak speed of 1 GB per second, 5G promises to zip around 20-times faster at 20 GB per second. Internet speeds pale in comparison (http://nnw.fm/1Ga91), as the “average U.S. fixed broadband download speed was 64.17 Mbps (15th in the world) in the first half of 2017, while the average upload speed was 22.79 Mbps (24th in the world).” 5G speed will also be enabled through the use of higher frequency radio bands. Generally, 4G LTE technology can only operate at up to 6 GHz, but 5G will utilize frequencies between 30 GHz and 300 GHz. A corollary to faster data transfer is larger data transfer. More channels (frequencies) means less traffic on any one channel.
5G also produces less latency and wider connectivity. Latency measures the time interval between data instructions and the response. 5G networks are expected to offer a maximum latency of just four milliseconds (“ms”), down 80 percent from the 20 ms on LTE cells. While, up to this point, cellular networks have been designed around mobile phones, 5G is meant to work with a variety of devices – wearables, smart energy grids, connected traffic lights and the latest vehicle sensors – bringing the Internet of Things (“IoT”) closer to reality. Importantly, the 5G standard demands greater energy efficiency, a requirement that Spectrum should be able to satisfy after its merger with WaveTech Global, which provides critical power services and energy lifecycle solutions.
WaveTech is a global next-generation technology company specializing in mobile network micro-services, critical power management and efficiency, asset lifecycle extension, data-analytics, intellectual property development and implementation services. Spectrum has also acquired TNS, Inc. a technology provider based in Illinois (http://nnw.fm/T7Vlm). TNS offers design, installation and maintenance of structured cabling system solutions to the enterprise market. With operations nationwide and abroad, TNS has built telecommunications infrastructure for more than 16 years, generating, in 2018, $6 million in revenues.
These services will complement those presently provided by Spectrum, which include infrastructure audits; site acquisition; architectural, structural and civil design and analysis; construction management; construction; installation; warehousing and logistics; and maintenance services that support the build-out and upgrade of small cell, Wi-Fi, fiber and distributed antenna systems (“DAS”) networks. The company believes that the expansion and migration of these next-generation networks provide significant opportunity, which it can realize by leveraging its long-term relationships with major wireless, commercial wireline and wireless operators, DAS operators, tower companies, OEMs and project management organizations, supported by multi-year master service agreements.
For more information, visit the company’s website at www.SpectrumGlobalSolutions.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
- Spectrum has acquired a telecommunications firm focused on the design, installation and maintenance of structured cabling system solutions for the enterprise market
- Company recently entered a merger creating a consolidated entity with $130 million of enterprise value
- Spectrum is planning to uplist to the Nasdaq under ticker symbol ‘WAVE’
The volume of contracts – $5.8 million – won by Spectrum Global Solutions Inc. (OTCQB: SGSI) over the past 12 months shows that the engineering company is already benefiting as telecommunications carriers and large corporate enterprises upgrade their systems (http://nnw.fm/TzmC9). Spectrum’s good fortune is likely to continue as 5G rollouts accelerate. The company plans to boost its capabilities by merging with a provider of technology infrastructure and services (http://nnw.fm/eqX2K). The merger is expected to place Spectrum in position to offer more comprehensive solutions and profit from the projected $2.3 billion to be spent on 5G mobile infrastructure by 2021. Post consolidation, Spectrum intends to operate under the name ‘WaveTech Global’ and uplist to the Nasdaq under ticker symbol ‘WAVE’, subject to regulatory approval. The merger with WaveTech Global Inc. is expected to create a consolidated entity valued at more than $130 million.
With a name like WaveTech, the company is signaling its preparedness for the impending 5G tsunami, as telecommunications carriers hurriedly upgrade their cellular networks. For starters, fifth-generation (“5G”) cellular networks hold the promise of much faster data transmission speeds. While current 4G LTE has a peak speed of 1 GB per second, 5G promises to zip around 20-times faster at 20 GB per second. Internet speeds pale in comparison (http://nnw.fm/1Ga91), as the “average U.S. fixed broadband download speed was 64.17 Mbps (15th in the world) in the first half of 2017, while the average upload speed was 22.79 Mbps (24th in the world).” 5G speed will also be enabled through the use of higher frequency radio bands. Generally, 4G LTE technology can only operate at up to 6 GHz, but 5G will utilize frequencies between 30 GHz and 300 GHz. A corollary to faster data transfer is larger data transfer. More channels (frequencies) means less traffic on any one channel.
5G also produces less latency and wider connectivity. Latency measures the time interval between data instructions and the response. 5G networks are expected to offer a maximum latency of just four milliseconds (“ms”), down 80 percent from the 20 ms on LTE cells. While, up to this point, cellular networks have been designed around mobile phones, 5G is meant to work with a variety of devices – wearables, smart energy grids, connected traffic lights and the latest vehicle sensors – bringing the Internet of Things (“IoT”) closer to reality. Importantly, the 5G standard demands greater energy efficiency, a requirement that Spectrum should be able to satisfy after its merger with WaveTech Global, which provides critical power services and energy lifecycle solutions.
WaveTech is a global next-generation technology company specializing in mobile network micro-services, critical power management and efficiency, asset lifecycle extension, data-analytics, intellectual property development and implementation services. Spectrum has also acquired TNS, Inc. a technology provider based in Illinois (http://nnw.fm/T7Vlm). TNS offers design, installation and maintenance of structured cabling system solutions to the enterprise market. With operations nationwide and abroad, TNS has built telecommunications infrastructure for more than 16 years, generating, in 2018, $6 million in revenues.
These services will complement those presently provided by Spectrum, which include infrastructure audits; site acquisition; architectural, structural and civil design and analysis; construction management; construction; installation; warehousing and logistics; and maintenance services that support the build-out and upgrade of small cell, Wi-Fi, fiber and distributed antenna systems (“DAS”) networks. The company believes that the expansion and migration of these next-generation networks provide significant opportunity, which it can realize by leveraging its long-term relationships with major wireless, commercial wireline and wireless operators, DAS operators, tower companies, OEMs and project management organizations, supported by multi-year master service agreements.
For more information, visit the company’s website at www.SpectrumGlobalSolutions.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
