- 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
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