PriceSensitive

EasTower Wireless (TSXV:ESTW) secures additional new site build

Industrial, Telecommunication
TSXV:ESTW
02 June 2022 11:00 (EDT)

Source: Equity Guru

EasTower Wireless (ESTW) has won an additional major new site build from the largest national tower owner and operator in the United States.

Vlado P. Hreljanovic, CEO of EasTower commented that the $65 billion dollar commitment from the federal government to provide broadband infrastructure development has been an important driving factor for the company’ steady influx of contract opportunities, providing a recession proof stream of revenue opportunities during the current market conditions.

“We continue to win against competition, as exemplified in this latest win, where EasTower was selected amongst a pool of competing 5G infrastructure service providers. EasTower’s continued success in winning contracts is a testament to the quality of service we are providing. Our focus remains investing in scaling the growth of our business while ensuring the quality that has won contracts for EasTower is maintained.”

The company, through its a U.S. subsidiary, provides wireless infrastructure developments in Florida specializing in construction, installation, upgrading, and maintenance of next generation wireless infrastructure systems, including 5G, 4G.

EasTower Wireless Inc. (ESTW) opened trading at $C0.085 per share.

Related News