The 5G rollout across the world has caused the 5G infrastructure market to be among the fastest-growing in tech. We’ve seen the US government, large telecom giants, and foreign investors increase their investments within the space due to the high-growth nature and the many benefits that can come from 5G technology. For example, 5G is far faster, has a higher capacity, and has near 0 latency which can open the door for many uses beyond faster internet browsing.
$ESTW.V is a company aiming to help alleviate the industry’s rapidly growing demand for the infrastructure to support 5G networks, and they’ve been doing quite well recently.
- In June, they announced a Master Service Agreement with one of the largest tower operators in the world. This allows Eastower to be one of their approved contractors for future developments.
- This comes after they were able to consistently sign new site builds from other large US infrastructure companies over the past few months.
Check out this recent interview from The Market Harold going over the master agreement and what it means for $ESTW.V: https://themarketherald.ca/eastower-wireless-tsxvestw-signs-agreement-with-leading-tower-operator-2022-06-22/
$ESTW.V also stated that they’re still experiencing high demand even despite the recent rate hikes and a slowing economy, which may make this a fairly recession-resilient company. Furthermore, their long-established reputation has helped the company secure and retain clients while building a successful track record unlike a number of competitors within the industry.
Overall, this is definitely a company to keep a close eye on. They have industry-leading services, a good reputation, and the clients to keep the ball rolling. Compare other companies to $ESTW.V then you'll see that $ESTW.V is the most undervalued growth company in the industry with a valuation of just $3M. IMO, the current levels and recent sideways price action could be a sign of the bottom here.