Thursday, January 3, 2019

Spectrum Global Solutions, Inc. (SGSI) Prepares to Slake Consumer Thirst for Faster, Clearer Mobile Data Options

  • 5G Network services began to appear in the United States during the last quarter of 2018, with momentum building for 2019
  • Spectrum Global Solutions counts the 5G network movers among its clientele and is continuing to develop its capacity to build and maintain such networks
  • The U.S. telecommunications industry is expected to invest about $157 billion in capital upgrades for new and existing networks by 2021
The ever upward-spiraling hunger that consumers feel for mobile computer data delivery is fueling the next surge in transmission power as 5G networks begin making inroads throughout the developed world’s communications infrastructure, and Spectrum Global Solutions, Inc. (OTC: SGSI) is poised to play a key role in delivering and maintaining that infrastructure.
The fifth generation of cellular mobile communications, 5G represents yet another exponential increase in computing-on-the-go capacity. When the second generation debuted all the way back in 1991 and began opening the door to everyman cell phone use, it boosted data transfer to a rate of 0.1 megabits per second. 3G increased that by a factor of 10 seven years later, and the currently common 4G standard raised the bar by a factor of 15 when it debuted in 2008. Now, a decade later, 5G is set to increase the network data transfer rate to 1.4 gigabits per second — nearly 1,000 times 4G’s 15 megabits per second rate and 20 times 4G LTE’s peak rate – all while maintaining the ability to reliably handle the signals for far more devices (http://nnw.fm/Ykne2).
In late December, AT&T went live with 5G service in 12 cities across the United States, and other networks were working to introduce their own faster services (http://nnw.fm/uX6ee). Verizon previously announced, in October, that it would be the first to deploy a commercial 5G network in the United States with the limited introduction of a home broadband service in parts of Sacramento, Houston, Indianapolis and Los Angeles. The service doesn’t currently meet the globally recognized 5G standard, but the company is racing to adopt the standard in the next few months. AT&T and Verizon are among an A-list group of carriers, aggregators, project management organizations (PMOs), original equipment manufacturers (OEMs), utilities and large enterprises that Spectrum Global Solutions, or SGSI, serves.
SGSI is a single-source provider of end-to-end network needs, from development and deployment to established infrastructure maintenance. The company is one of the few nationwide, full-service entities offering network engineering, construction, installation, maintenance and supportive professional services for metropolitan areas. 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.
Spectrum Global Solutions announced the acquisition of ADEX Corp. and ADEX Puerto Rico LLC in March, positioning it to capitalize on the continuing rollout of 5G services during the coming years. The ADEX entities added turnkey wireless and wireline telecom services, as well as professional staffing for projects, delivering new clients and capabilities to the company (http://nnw.fm/C6cAW) as SGSI’s other subsidiaries have done. ADEX is an outsource provider of engineering and installation services, staffing solutions and other services which include consulting to the telecommunications industry, its service providers and specialty customers worldwide.
The U.S. telecommunications industry is expected to expend some $157 billion for capital upgrades by 2021, largely due to the rollout of 5G networks, improvements to existing 4G networks, the auction of FCC spectrum bandwidth, the growth of Internet of Things (IOT) devices and other network infrastructure modernization (http://nnw.fm/MCr6A).
“We expect that our cash position will increase due to operating profits in the telecommunications division. Over the coming months and year, subject to raising additional funds, we plan to primarily concentrate on our telecommunications business and associated projects,” the company stated in its most recent quarterly filing (http://nnw.fm/6U2Xz).
For more information, visit the company’s website at www.SpectrumGlobalSolutions.com
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