Largest New Site Build to Date From a Major US Tower Company Huge news is coming from $ESTW.V today as the stock pushes up 17% so far. They‘ve just announced their largest new 5G site build to date, commissioned by one of the largest national-owned US tower companies. I'll list some of the key points from the article below.
- “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.”
- On pace with expanding their crew counts to continue addressing the significant demand.
- Now, they're aiming to continue ramping up operations while investing in growing the business and keeping their industry-leading build quality.
Full article here if you're interested: https://ca.finance.yahoo.com/news/eastower-wireless-announces-largest-5g-120000361.html
This is excellent news as they continue to work with tier-1 clients. It really displays $ESTW.V’s ability to secure then retain clients for their services, helping them cement their already established reputation. With a new focus toward expansion and scaling the business, I'm interested in seeing how the financials change. As I said before, they're on pace to increase the number of crews, which means they'll be able to service more sites simultaneously while offering a wider variety of services. This is key for the company to have the scale to continue its plans to diversify the business.
Overall, considering the new focus on growth, the current market cap of $5.7M isn't reflecting $ESTW.V’s actual value. As they add more teams ($60k+ revenue/month), win new contract bids, and expand into new states, the fundamentals are only going to get stronger. I'll be keeping a close on the $ESTW.V.