Source: Equity Guru
  • EasTower Wireless Inc. (ESTW) has won another major new site build from the largest national tower owner and operator in the U.S.
  • The company provides wireless infrastructure developments and related services
  • EasTower Wireless Inc. (ESTW) opened trading at $C0.085 per share

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.

More From The Market Online
PyroGenesis - PyroGenesis' STP torch for refrigerant destruction, hydrocracking and heating.

PyroGenesis receives two milestone payments totalling $970,000

PyroGenesis Canada (TSX:PYR) announces it has received two separate project milestone payments totalling C$970,000.

Teck misses Q1 profit estimates on lower steelmaking coal sales

Canadian mining stock Teck Resources Ltd. (TSX:TECK.A and TECK.B; NYSE:TECK) misses Q1 profit estimates on Thursday.
Rogers

Rogers reports 50% profit decline in Q1 despite revenue growth

Rogers Communications Inc. (TSX:RCI) faces a significant setback in its Q1 2024 performance, including a 50 per cent profit drop.