Small-Cap, Big Tower
- $6.019M Market Capitalization
EasTower Wireless Inc. (ESTW.V) has secured a number of purchase orders from tower owners across the United States (US). Previously, on April 21, 2022, the Company announced that it had received a purchase order for a substantial new site build from one of the largest national tower owners in the US. At the time, EasTower was engaged with 16 different 5G infrastructure developments.
“The demand for 5G infrastructure continues to outpace supply in the Florida market, and with the addition of the labor shortages experienced nationwide, we are experiencing an abundance of purchase order requests from major telecoms and tower companies,” said Vlado P. Hreljanovic, CEO of EasTower.
If you’re new to EasTower, the Company is a provider of wireless infrastructure developments and related services. The Company operates out of Florida, US, with a focus on expanding into the Sunbelt States. This includes Nevada, Texas, and California, to name just a few. As a whole, the global 5G services market is expected to reach USD$1.67 trillion by 2030.
This suggests that the market will expand at a compound annual growth rate (CAGR) of 52% from 2022 to 2030, according to Grand View Research. In particular, the US is anticipated to lead the North American market due to increasing demand for high-speed and low-latency data networks for residential and commercial applications.
Economic Value of 5G
This includes applications such as video conferences, virtual meetings, Virtual Reality (VR), and Augmented Reality (AR). With this in mind, as workforces around the globe continue to transition towards remote models, the demand for 5G will only increase. In fact, according to Ladders, 25% of all professional jobs in North America will be remote by the end of 2022.
Moreover, remote opportunities will also continue to increase throughout 2023. That being said, we need the infrastructure to support this development. The solution is 5G. Compared to 4G, 5G brings with it a slew of benefits, including higher speeds, lower latency, and increased capacity for connecting multiple devices over a network, among others.
According to Accenture’s econometric model, 5G is expected to drive up to $2.7 trillion in new economic gross output, or sales, in the US between 2021 and 2025. In total, this amounts to up to $1.5 trillion in Gross Domestic Product (GDP) over the same five-year period. At the heart of this growth is the Information Communication Technology (ICT) industry, which encompasses telecommunications.
Latest News
As for EasTower’s latest news, the Company announced today that it has won another significant new site build from one of the largest national tower owners in the US. This represents the largest contract received by EasTower to date. In the future, EasTower could potentially see increased demand as companies begin relocating to the Sunbelt States, favored for their lower taxes and agreeable climate.
“We are recognizing a larger amount of new build sites over the previous year, and further diversifying our revenue streams as we add to our portfolio of tier-1 clients. We are also on pace with expanding our crew counts. We expect to continue with our ramp-up for the remaining months of 2022 and well into 2023,” said Vlado P. Hreljanovic.
If you’d like to know everything there is to know about EasTower, check out Chris Parry’s article here. Moving forward, EasTower will likely begin to pick up speed as the demand for 5G increases. However, if you’re new to 5G and would like to know more, this article may be useful! While success in the 5G market isn’t limited to EasTower, the Company is a lot more accessible compared to other 5G providers like T-Mobile or AT&T.
EasTower’s share price opened at $0.09 today, up from a previous close of $0.085. The Company’s shares were up 17.65% and were trading at $0.10 as of 12:31 PM EST.
