AW Solutions Subsidiary to Provide Outside Plant Engineering Services to Support 5G Deployment
LONGWOOD, FL, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc. (the "Company" or "Spectrum") (OTCQB: SGSI), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, today announced that it has secured a key 2-year nationwide engineering services contract with a tier-1 U.S. based telecommunications infrastructure aggregator in support of 5G network deployment efforts.
The contract, won through the Company’s AW Solutions subsidiary, is for outside plant engineering services surrounding an optical fiber fed, 200+ site, metropolitan area 5G infrastructure deployment. The total value of the contract is variable, based on demand and confidential per the terms of the agreement.
“We are pleased to announce another tier-1 contract win supporting the rollout of a 5G network in a major metropolitan area in the United States,” said Keith Hayter, President of Spectrum Global Solutions. “We continue to see ramping demand for our services to power the 5G connectivity revolution, the infrastructure spending for which we expect to continue unabated for the next several years.”
“We look forward to working with tier-1 carriers to deploy 5G networks nationwide, enabling them to deliver a better quality of service to an increasingly data-hungry consumer base,” said Roger Ponder, Chief Executive Officer of Spectrum Global Solutions. “I believe there remains a significant opportunity for long-term shareholder value creation as we continue to service this exciting, rapidly growing market.”
About Spectrum Global Solutions
Spectrum Global Solutions (OTCQB: SGSI) is a leading single-source provider of next-generation communications network infrastructure and maintenance solutions. Spectrum’s highly scalable platform model, proven out through engagements with tier-1 network operators in the United States, Canada and the Caribbean, uniquely allows for the bundling of disparate services with a single provider, simplifying network deployment and maintenance with a comprehensive, cost-competitive one-stop-shop solution. To learn more, visit the Company’s website at https://spectrumglobalsolutions.com/.
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Greg Falesnik or Luke Zimmerman
MZ Group – MZ North America