Purchase Order With One of the US’s Largest Tower Companies Solid news coming from $ESTW.V (EasTower Wireless) as they just announced the first large-scale purchase order since the company’s IPO. “The purchase order is for a significant new site build from one of the largest national tower owners in the United States.” If executed well, this will help open up further opportunities for cooperation between the companies. $ESTW.V is also engaged in 16 different 5G developments in addition to this one, so that brings the total number of active developments to 17.
Check it out: https://ca.finance.yahoo.com/news/eastower-wireless-secures-purchase-order-120000924.html
$ESTW could be the next big winner as Biden plans on accelerating efforts for 5G infrastructure (https://twitter.com/POTUS/status/1516856378979192835). As new legislation (such as the US $65B infrastructure bill) is passed and companies/governments scramble to invest billions into the required infrastructure. Hundreds of millions of 5G broadcast small-cell locations must be built to complete the nationwide rollout and $ESTW.V is ready to capitalize on this growth. With operations currently in Florida and plans to expand into surrounding states in the next 24 months, it'll be interesting to see who they can partner with to expand. The current relationships and reputation of $ESTW are a major reason why they are well equipped to help satisfy the infrastructure demand as well.
Great read here about $ESTW and the overall 5G market: https://financial-news-now.com/this-public-company-could-be-the-next-big-winner-in-the-upcoming-5g-super-cycle-sparked-by-the-65-billion-us-infrastructure-bill/
The numerous advantages over 4G, is why 5G investment is proliferating. As $ESTW’s stock begins to find stability near $0.14 it could be an interesting play as revenues are projected to reach $11M by 2023, which would give them a future P/S ratio of 0.75 at the current valuation. I'm excited to see how they can continue to capitalize on the 5G market (122% CAGR from 2021-2026).
Just remember the future is 5G.