- The home video services industry is undergoing a significant evolution, as younger consumers increasingly edge away from traditional cable TV and gravitate toward streaming services that are viewable on mobile devices
- End-to-end network technology provider Spectrum Global Solutions has positioned itself well to meet the evolving industry’s infrastructure and ongoing maintenance needs
- The company serves clients large and small throughout the United States and its territories, including telecommunications giants such as Ericsson, Nokia, Sprint, AT&T and Verizon
- SGSI’s acquisition of German energy infrastructure technology company WaveTech GmbH further positions its operations to respond to clients on an international scale
Online video streaming services were introduced to the television-viewing market as an alternate means of watching programming that hadn’t been DVR’d, sometimes providing supplementary content as well, but streaming services have since begun to evolve into content-providing solutions with gravitas, and current global telecommunications industry plans to begin rolling out the infrastructure for a 5G network evolution have further validated a shifting business focus toward over-the-top (OTT) services as well as cable TV.
Telecommunications network service provider Spectrum Global Solutions Inc. (OTCQB: SGSI) delivers network establishment and maintenance experience end-to-end, fulfilling contracts on a one-time service-needed basis as well as ongoing, multi-year contracts. The holding company’s client list includes carriers, aggregators, enterprise services, project management offices (PMOs) and original equipment manufacturers (OEMs) large and small, with names such as Ericsson, Nokia, Sprint, AT&T and Verizon among them.
SGSI serves telecommunications engineering and infrastructure needs across the United States, Canada, Puerto Rico, Guam and the Caribbean. A July announcement of its pending acquisition of German energy infrastructure technology company WaveTech GmbH paves the way for further expansion into the global market (http://nnw.fm/I9Ndm) and shows Spectrum’s potential to respond to differing needs in the world’s varied locales.
European internet users are generally less likely to watch video on a smart TV or smartphone than their U.S. counterparts, according to research from Ampere Analysis (http://nnw.fm/3dCmu), and the trend by which viewers worldwide continue to prefer connected TVs for long-form programming is expected to hold steady so long as significant video quality and streaming rate concerns remain outside of metropolitan areas. Still, the rise of global internet firms and changing viewing habits, particularly among younger generations, is increasing the pressure on traditional pay-TV and free-to-air broadcasters (http://nnw.fm/cB4rx).
“Younger generations are growing up with more choices at their fingertips,” Peter Katsingris, senior vice president of audience insights at Nielsen, told USA Today (http://nnw.fm/WjN6s) after noting that the percentage of 18-to-34-year-olds watching TV in a given minute dropped from 26.4 points in 2014 to 16.8 percentage points by late 2018 — a change of 36 percent overall. The younger “Gen Edge” demographic has dropped its traditional TV viewing in favor of streaming services in even larger numbers — close to 50 percent overall — according to the company.
Spectrum’s subsidiaries have provided the company the capacity to thrive amid the evolving industry landscape. AW Solutions Inc. and AW Solutions Puerto Rico LLC offer full turnkey service solutions for wireless and wireline clientele in all the contiguous states, the District of Columbia and Hawaii, as well as in the Canadian provinces of British Columbia, Quebec, Ontario, Alberta and Newfoundland and Labrador, and in Puerto Rico, Guam and the U.S. Virgin Islands.
SGSI’s ADEX Corp. and ADEX Puerto Rico LLC subsidiaries provide turnkey network deployment services and staffing solutions to telecommunications carriers and enterprise clients on an international basis. Tropical Communications Inc., an electrical and underground utility contractor headquartered in Miami, Florida, and TNS Inc., headquartered in Des Plaines, Illinois, both provide all types of structured wiring and installation services to enable private and public communication networks.
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://nnw.fm/SGSI
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