- Telco capital expenditures of $150 billion are planned through 2023
- Aerospace companies are also spending on 5G
- Spectrum recently secured a key, two-year nationwide contract with a Tier-1 infrastructure aggregator
It’s not just telecommunications companies that are opening their businesses – and wallets – to 5G. Space companies are investing in 5G technology too, which means good things for companies such as Spectrum Global Solutions Inc. (OTCQB: SGSI). Lured by the faster speeds and lower latencies of 5G, Boeing, SpaceX and other aerospace companies hope to increase the range of telecommunications possible through satellite, which is good enough for phone calls and TV but can’t handle data-intensive applications like streaming video – à la Netflix – very well.
Harnessing those advantages, however, requires investment in costly new innovations. As a result, what started as a trickle of dollars for 5G infrastructural development has now turned into a flood. That influx of funds means infrastructure aggregator Spectrum can look ahead to a bright future as it continues to build and service end-to-end communications networks at home and abroad.
It may seem strange that aerospace companies are venturing into 5G. But some of those companies build telecommunications satellites, and anything that increases satellite capability, such as 5G, is good for business. New technologies such as electronic product codes (EPC), data orchestration and 5G New Radio are bringing 5G closer to the masses.
An EPC is a unique identifier for physical objects that can be used to track the object in a supply chain. EPCs are designed to be stored on a radio-frequency identification (RFID) tag and may be associated with dynamic data such as the origination point of an item or the date of its production. Data orchestration is the automation of data-driven processes to achieve an integrated workflow. 5G New Radio (NR) is the global standard for the 5G wireless air interface, or the radio-frequency portion of the connection between a mobile phone and the cell tower. 5G NR opens up the spectrum above 6 GHz, which was previously unusable by cellular services.
The rollout of 5G networks is expected to create three million American jobs and add half a trillion dollars to U.S. GDP, according to global-management consultant Accenture. Spectrum has already been selected to play a part, based on its global track record of successfully executing more than 150,000 projects. Since commencing operations 34 years ago, the company has delivered cost-effective, scalable, robust solutions for communication carriers, utilities, enterprise companies, OEMs and others. And as 5G infrastructure spending increases, SGSI’s opportunity pipeline has swollen to $137 million.
Spectrum serves the biggest and the best in the industry including major carriers such as AT&T, Sprint, T-Mobile and Verizon; aggregators such as American Tower, Crown Castle, Zayo and ExteNet; and big-name OEMs such as Ericsson, Nokia and Samsung. The company’s longstanding relationships generate repeat business at minimal acquisition cost. As the shift to 5G progresses, telecom CAPEX upgrades are forecast to hit $150 billion by 2023.
As evidence of the potential, Spectrum recently won a key two-year nationwide engineering services contract to support the 5G network deployment initiatives of a Tier-1 infrastructure aggregator. The contract is for outside plant engineering services surrounding an optical fiber-fed, 200-plus site, metropolitan-area, 5G infrastructure deployment (http://nnw.fm/6aMQ7).
“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,” Spectrum Global Solutions President Keith Hayter stated in a news release. “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.”
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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