- Spectrum Global Solutions provides end-to-end market offerings for communications networks, including building infrastructure for wireless and wired-in products and maintaining existing networks
- In a world that is increasingly interconnected through wireless technology, network services occupy a turnkey position and keep the machinery humming
- The pending rollout of 5G-speed networks promises to be a boon for fans of smart home products and streaming video services who rely on fast network capability, and Spectrum is positioned to help build the 5G future
- The smart home product market was estimated at about $10 billion last year and is expected to grow by 50 percent each year through 2021
As the global race to adopt and adapt to higher-speed 5G networks heats up, wireless service providers will need more spectrum, and Spectrum Global Solutions Inc. (OTCQB: SGSI) is positioned to respond to those needs.
Spectrum Global is a holding company operating as an end-to-end telecommunications network service provider whose subsidiaries play key roles in the design, construction and maintenance of both wireless and wireline projects for carriers, aggregators, enterprise services, project management offices (PMOs) and original equipment manufacturers (OEMs) of all sizes, including well-known names such as Ericsson, Nokia, Sprint, AT&T and Verizon.
The company’s subsidiaries, AW Solutions Inc. and ADEX Corporation and their Puerto Rico LLC divisions; Florida Tropical Communications Inc.; and Illinois T N S Inc., provide communications infrastructure deployment, telecommunications project lifetime services and wiring needs. The services are taking on turnkey importance as all facets of the tech industry anticipate the launch of 5G networks that could raise the bar for transmission speeds by 10 to 100 times, beginning in the coming year.
Those transmission speeds are increasingly important to the consumer market as OTT video services gain a preferential hold on much of the television-watching market. Netflix garnered attention last month when it announced that viewership for its third season of the streaming series ‘Stranger Things’ was up to 40.7 million household accounts and that 18.2 million had already finished watching the entire season (http://ibn.fm/5uakD). While insiders acknowledge that it’s still impossible to directly compare Netflix’s viewership with standard at-home TV watchers, the rising popularity of streaming services with adult consumers appears to be undisputed.
In addition, homes are increasingly connected to their owners’ mobile products through smart applications. Global market research company IHS reported that 98 million smart home devices worth about $10 billion dollars were sold last year in the United States, and IHS predicts that the market will continue to grow by 50 percent yearly through 2021 (http://ibn.fm/HR7bJ). Those smart applications are dependent on networks that are sufficiently fast to stream data including video, in real time.
“The market opportunity is immense,” SGSI President Keith Hayter told The RedChip Money Report at the beginning of the year (http://ibn.fm/fqLlj). “We’re in a high-growth market… Over $1.5 trillion is going to be spent on telecommunications. For deployment services, which is where we primarily fit in and get our revenue streams from, from $150 (billion) to $200 billion will be spent over the next couple of years.”
For more information, visit the company’s website at www.SpectrumGlobalSolutions.com
NOTE TO INVESTORS: The latest news and updates relating to SGSI are available in the company’s newsroom at http://ibn.fm/SGSI
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