On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Spectrum Global Solutions, Inc.’s (SGSI) Telecom Service Acquisition Expected to Drive Higher Margins

  • Spectrum Global Solutions recently announced the acquisition of Telnet Solutions, which increases the range of clients, capabilities and solutions in the company’s portfolio
  • Company President Keith Hayter details anticipated growth this year, with 5G transition, internet of things opportunities and first responder networks among key drivers of growth
  • As the telecommunications market continues expanding, Spectrum Global expects a growing number of clients to seek partnerships with a reliable, single-source provider

Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions, Inc. (OTC: SGSI) recently announced the acquisition of Telnet Solutions Inc. (TNS), a telecom service 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 it 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 Spectrum Global Solutions news release (http://nnw.fm/z5nLh).

The acquisition is expected to increase Spectrum Global’s portfolio of clients and solutions, company CEO Roger Ponder said in a news release. “We are very excited to bring this established, reputable and proven entity into our fold. Its focus on the enterprise market will drive higher margin, relationship-driven business to our Company,” he noted. “TNS adds new clients and capabilities, as well as provides us with a wide range of design, installation and maintenance solutions that will enhance our existing portfolio.”

The Telnet Solutions acquisition is yet another step in the Spectrum Global Solutions strategy for expanding operations. Spectrum Global’s president, Keith Hayter, spoke more about the future of the company in an interview aired on The RedChip Money Report (http://nnw.fm/oD7Od). Hayter provided an overview of the company’s expanding operations and listed key revenue drivers such as 5G transition, internet of things opportunities and first responder networks.

The interview opened with a look at the rapid growth that Spectrum Global Solutions experienced in 2018. One of the biggest milestones mentioned was the 300 percent Q3 growth on an annual basis. According to Hayter, an equally impressive Q3 result is the 200 percent increase in net income that Spectrum Global Solutions registered.

As of mid-January 2019, Spectrum Global Solutions has close to 200 clients ranging from national carriers (AT&T, Verizon) to smaller businesses, OEMs like Nokia, utility companies, enterprise clients and infrastructure aggregators.

Hayter said that the market opportunity in the realm of telecommunications is immense, providing sustainable chances for growth. Over $1.5 trillion is expected to be spent on telecommunications and, as far as deployment – the niche from which Spectrum Global Solutions garners its revenue streams – the expenditure is forecast to total $50 billion to $200 billion over the next couple of years.

According to Hayter, the main advantages for investors stem from several market specifics and aspects of the Spectrum Global Solutions work.

Telecommunications will continue being a high growth market, and the demand for full-service providers will be high. In addition, Spectrum Global Solutions has a large and well-known customer base, an experienced managerial team and a long service lifecycle.

Spectrum Global Solutions operates through its subsidiaries – AW Solutions, ADEX and Telnet Solutions. It is a leading telecommunications engineering, infrastructure deployment and professional services provider in the U.S., Canada, Puerto Rico, Guam and the Caribbean region.

For more information, visit the company’s website at www.SpectrumGlobalSolutions.com

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Archives

Select A Month

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217