5G Rollouts Setting the Stage for a US$95 Billion Infrastructure Market by 2030 June 21, 2022 - Baystreet.ca EasTower (ESTW) a wireless infrastructure provider hoping to benefitThe world’s largest telecom providers have been steadily adding 5G infrastructure to their networks since initially announcing their launches back at the end of 2018 and the beginning of 2019. These rollouts have initiated a gold rush of 5G infrastructure providers into a market that’s being projected to surpass US$60 billion by 2028 and be worth US$95.88 billion by 2030, growing at a rapid CAGR of 34.2%. This wave of investment is not only spearheaded by mobile network providers themselves such as T-Mobile US, Inc. (NASDAQ:TMUS) in the USA, and BCE Inc. (NYSE:BCE) (TSX:BCE) and TELUS Corporation (NYSE:TU) (TSX:T) in Canada, but also through direct 5G infrastructure service providers and operators such as EasTower Wireless Inc. (TSXV:ESTW). Dubbed as ‘The Next Generation of Communication’, 5G is set to play a vital role for the US and its nation-wide communication infrastructure. As well, because it’s backed by numerous government policies and initiatives, it’s becoming clearer that wireless infrastructure is highly resilient to market volatility. The US-based 5G infrastructure company EasTower Wireless Inc. (TSXV:ESTW) specializes in the construction, installation, upgrading, and maintenance of next generation wireless infrastructure systems, including 5G, 4G and small cell deployments, as well as first responder or FirstNet initiatives. “EasTower continues to advance and provide quality 5G builds to the largest telecoms and tower companies in the United States,” said Vlado P. Hreljanovic, CEO of EasTower. “Our reputation for quality execution continues to resonate with the large US telcos and main tower companies as we anticipate further expansion into the Midwest through direct invitation from our valued clients with mandates to support the scalable growth that we have positioned our company to be in.” Recently, EasTower announced the latest signing of a Master Service Agreement (MSA) with one of the largest tower operators in the world, thus providing EasTower the opportunity to bid for jobs. “We are pleased to announce the successful execution of a MSA with a leading telecommunications client, placing EasTower Wireless as one of their approved contractors for future developments,” said Hreljanovic. “In addition, the client has invited EasTower to support them in further mandates in three of their other tenancy markets including Nashville, Louisville, and Knoxville, all within the great state of Tennessee.” The wireless tower and small cell business is drawing plenty of attention in the market, as seen by the last financing for American Tower Corporation (NYSE:AMT) that helped to raise US$2.1 billion (representing one of the largest capital market transactions of 2022 so far). The financing was overseen by J.P. Morgan, with others such as Citigroup, Mizuho Securities, Morgan Stanley and TD Securities also acting a joint book-running managers with respect to the offering. Infrastructure companies like EasTower Wireless are benefitting from an abundance of demand for the 5G infrastructure business during a time of global economic volatility and uncertainty. “This is a prime example of how the 5G market continues to be resilient to risks of inflation and potential economic recession and remains to grow despite the current market uncertainty,” added Hreljanovic. “The 5G industry has the confidence behind long term government spending policies that allocated capital to their domestic wireless infrastructure developments.” In Canada, two of the country’s largest carriers BCE Inc. (NYSE:BCE) (TSX:BCE) and TELUS Corporation (NYSE:TU) (TSX:T) are ramping up their infrastructure investment. Like T-Mobile and Dell, Bell is building upon its agreement with Amazon Web Services by deploying the first AWS Wavelength Zone at the edge of Canada’s most awarded and fastest-ranked 5G network. And in early May, BCE also signalled it’s pushing ahead with next-gen infrastructure spending as inflationary pressures rise. "I have quite a bit of confidence that there will be significant demand for the higher speed tiers," said Mirko Bibic, CEO of BCE. “It will be a bit like 10, 15 years ago when we moved to 4G, and who would have foreseen at the very, very, very beginning the extent of the apps that would be unveiled for the consuming public to enjoy on their handsets, and I'm expecting the same kind of thing with 5G." On its own next-generation 5G wireless network, TELUS is deploying new 3500 MHz spectrum to further support Canada’s economic growth and competitiveness, as well as bringing enhanced capacity, low latency and even faster speeds to its customers in the country’s largest cities. The rollout is part of a larger $220 billion investment in network infrastructure and operations in Canada since 2000. “TELUS is committed to driving Canada’s economy forward through world-class broadband infrastructure,” said Tony Geheran, Executive Vice-President and COO at TELUS. “Our significant investments in TELUS’ 5G wireless network will help solve some of society’s most pressing challenges in education, food security and climate change.” Legal Disclaimer/Disclosure: While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. 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The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to EasTower Wireless Inc., are intended to identify forward-looking information, including, without limitation, statements regarding EasTower expanding into the Midwest through direct invitation from its valued clients with mandates to support scalable growth and Eastower supporting a leading telecommunications client in further mandates in three of their other tenancy markets including Nashville, Louisville, and Knoxville. All statements other than statements of historical fact may be forward-looking information. Such statements reflect Eastower's current views and intentions with respect to future events, and current information available to Eastower, and are subject to certain risks, uncertainties and assumptions, including, without limitation, the ability to implement business strategies; estimation and assumption of costs associated with providing services, variability of operating costs, including fuel, and equipment, hazards and liability associated with Eastower's operation and ability to recruit and retain employees. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Examples of such risk factors include, without limitation: credit; market (including equity, commodity, foreign exchange and interest rate); liquidity; operational (including technology and infrastructure); reputational; insurance; strategic; regulatory; legal; environmental; capital adequacy; the general business and economic conditions in the regions in which Eastower operates; the ability of Eastower to execute on key priorities, including business retention, and strategic plans and to attract, develop and retain key executives; the ability to implement business strategies and pursue business opportunities; low profit market segments; disruptions in or attacks (including cyber-attacks) on Eastower's information technology, internet, network access or other voice or data communications systems or services; the evolution of various types of fraud or other criminal behavior to which Eastower is exposed; the failure of third parties to comply with their obligations to Eastower or its affiliates; the impact of new and changes to, or application of, current laws and regulations; dependence on key suppliers; granting of permits and licenses in a highly regulated business; the overall difficult litigation environment, including in the U.S.; increased competition; changes in foreign currency rates; increased funding costs and market volatility due to market illiquidity and competition for funding; the availability of funds and resources to pursue operations; critical accounting estimates and changes to accounting standards, policies, and methods used by Eastower; the occurrence of natural and unnatural catastrophic events and claims resulting from such events; and risks related to pandemics and endemics, including COVID-19 including various recommendations, orders and measures of governmental authorities to try to limit the pandemic, including travel restrictions, border closures, non-essential business closures, quarantines, self-isolations, shelters-in-place and social distancing, disruptions to markets, economic activity, financing, supply chains and sales channels, and a deterioration of general economic conditions including a possible national or global recession; as well as those risk factors discussed or referred to in Eastower's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should any factor affect Eastower in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Eastower does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Eastower undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.