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FTE Networks Inc. (FTNW)

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Last Post: 4/20/2018 9:45:43 AM - Followers: 95 - Board type: Free - Posts Today: 2


Market Expansion in Kansas, Missouri, Oklahoma and Texas

NAPLES, FL--(Marketwired - March 02, 2016) - FTE Networks, Inc. (OTCQB: FTNW) ("FTE" or the "Company"), a leading networking infrastructure service solutions provider in the technology and telecommunications vertical, announced today that it has been awarded a multi-year, multi-million-dollar contract with a leading telecommunications carrier. The contract is expected to commence on April 1, 2016 and is valued at over $45 million dollars over the next three years with the potential for additional service offerings in existing and new markets.

Under the terms of this contract, FTE will be providing its Fiber Optic Infrastructure Services by expanding the carriers' current fiber to the home (FTTH) offering. FTE will open new offices in Texas and Oklahoma and expand its current office locations in Kansas and Missouri. The relationship between FTE and the carrier was established in the beginnings of FTE. 

Michael Palleschi, CEO and Chairman of the Board of FTE Networks said, "We are very pleased to continue our time-honored relationship with this premier telecommunications carrier and delve into new markets." He added, "Our work under this new contract is strategically important to FTE. Not only does it showcase our capabilities on the national stage, but it also allows us to penetrate new markets and execute on our growth initiatives while strengthening our relationship with our client."

This is the second major win for FTE in the last few weeks. Previously, FTE was awarded a contract with Edge Communications, which is valued at up to $100 million dollars over the next 36 months. "We have already begun work on the Edge project, which is going very well," added Palleschi. "Both of these projects add substantial new long term revenue streams and enable us to continue on our path to profitability in 2016."

NAPLES, FL--(Marketwired - February 18, 2016) - FTE Networks, Inc. (OTC PINK: FTNW) ("FTE" or the "Company"), a leading networking infrastructure service solutions provider in the technology and telecommunications vertical, has signed a multi-million dollar, multi-year strategic alliance agreement with Plano, Texas-based Edge Communications ("Edge").

Earlier this month, Edge engaged FTE with a signed Letter of Intent for work to support Edge on a multi-state network expansion project valued up to $100 million dollars over the next 36 months. Under the terms of the agreement, FTE Networks will be performing engineering, management and outside plant infrastructure services.

This week, Edge and FTE finalized the strategic alliance agreement and FTE will begin work Monday, February 22, 2016 in the following four markets: Des Moines, IA; Quad Cities, IA; Springfield, MO; and Valdosta, GA. In addition, FTE Networks will provide services to manage the end-to-end infrastructure installation.

Carlie Ancor, Chief Technology Officer of FTE Networks, said, "To formalize a strategic alliance agreement with a company like Edge is a significant development for FTE Networks. Not only does it help us expand into four important markets, it solidifies our strategic growth plan. To be in alignment with a high caliber company like Edge, it demonstrates our ability to cultivate strong relationships based on our quality of work, management and experience."

Mark Miller, Chief Operating Officer of Edge, stated, "We believe that partnering with FTE Networks was the right decision to ensure success because they deliver superior work, are able to keep costs down and increase our speed to market. This is the beginning of a long-lasting partnership."


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FTNWD News: Current Report Filing (8-k) 01/10/2018 09:02:43 AM
FTNWD News: Information Statement - All Other (definitive) (def 14c) 01/08/2018 05:27:14 PM
FTNWD News: Proxy Statement - Other Information (preliminary) (pre 14c) 12/27/2017 06:03:11 AM
FTNWD News: Amended Statement of Beneficial Ownership (sc 13d/a) 12/21/2017 06:03:51 AM
FTNWD News: Amended Statement of Changes in Beneficial Ownership (4/a) 12/20/2017 05:47:26 PM
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#6694   I think pending capital raise, then it is zoomlik 04/20/18 09:45:43 AM
#6693   Everything is known by the investors here. I buzz_trader 04/20/18 01:59:44 AM
#6692   Good post...without a mod not sure how your zagdad 04/19/18 01:51:09 AM
#6691   Over $20M EBITDA at a 10x is $200M common_cents 04/18/18 01:40:46 PM
#6690   Accretive acquisition pays off Ed Ajootian 04/18/18 01:22:55 PM
#6689   Conference call so far is great. REally great. common_cents 04/18/18 11:22:13 AM
#6688   Agree .. very good numbers .. they must zoomlik 04/18/18 09:08:39 AM
#6687   Free cash flow of about .75/share last year common_cents 04/18/18 07:47:04 AM
#6686   Good numbers posted. Adjusted earnings of 7.5 common_cents 04/18/18 07:41:15 AM
#6685   CC, its good to see them trying to Ed Ajootian 04/16/18 07:11:10 AM
#6684   More contracts announced this morning....over 25 MM of common_cents 04/11/18 12:54:38 PM
#6683   CC, thanks for sharing that, I had meant Ed Ajootian 04/07/18 07:10:35 AM
#6682   Thx, makes some sense to me. Great zagdad 04/06/18 01:45:30 AM
#6681   This will help explain the situation...and why it's common_cents 04/05/18 08:22:12 AM
#6680   Thank you .. I think they will raise zoomlik 04/04/18 01:34:14 PM
#6679   FTE Networks (FTNW) Stock: Announces Preliminary Results Ed Ajootian 04/04/18 08:20:16 AM
#6678   Excellent commentary again Ed. Thank you common_cents 04/03/18 07:44:43 PM
#6677   zoomlik, it was great to see them put Ed Ajootian 04/03/18 07:31:05 PM
#6676   Cross layer should fall to bottom line .. zoomlik 04/03/18 03:17:33 PM
#6675   I think we'll see that answer on april common_cents 04/03/18 01:14:31 PM
#6674   What margins they expect to get ? zoomlik 04/03/18 12:53:25 PM
#6673   Distribution of the their business that actually did common_cents 04/03/18 12:52:43 PM
#6672   Q3 Rev was $79M with gross margin of zoomlik 04/03/18 12:38:08 PM
#6671   April 17 for audited results////preliminary results below... common_cents 04/03/18 12:30:33 PM
#6670   I don't think that's right my friend. From common_cents 04/03/18 07:29:16 AM
#6669   CC, good to hear that the earnings announcement Ed Ajootian 04/03/18 07:12:41 AM
#6668   I'm hearing rumors that earnings will be out common_cents 04/03/18 12:31:51 AM
#6667   big o, this was just something I dreamed Ed Ajootian 03/31/18 07:37:35 AM
#6666   If ftnw is issuing shares and not reporting big orange 03/29/18 11:39:47 AM
#6665   big orange, given that they have so many Ed Ajootian 03/28/18 07:45:05 AM
#6664   big orange, given that they have so many Ed Ajootian 03/28/18 07:44:51 AM
#6663   Check the OS/float/market Cap after the RS....minuscule for zagdad 03/27/18 05:25:18 PM
#6662   It appears that ftnw is doing a great big orange 03/27/18 01:41:51 PM
#6661   Looking to catch this around the 10.50-11.50 area TopKnotchTrades 03/26/18 10:43:33 PM
#6660   We should see some good movement in this buzz_trader 03/25/18 11:41:11 PM
#6659   Thanks for your insight. I may try txhockey 03/22/18 11:03:04 AM
#6658   txhockey, I believe the pullback in price has Ed Ajootian 03/22/18 07:16:19 AM
#6657   Yep, you got it. Let’s announce $500 million TopKnotchTrades 03/21/18 06:36:31 PM
#6656   Have a feeling that ftnw is trading dollars big orange 03/21/18 10:39:38 AM
#6655   Any idea what is pushing the price down? txhockey 03/20/18 03:25:53 PM
#6654   FTE put out a great new presentation for Ed Ajootian 03/18/18 06:52:10 PM
#6653   Not sure, Probably a trade between MM's. The Chris1 03/13/18 09:28:32 AM
#6652   Is that a glitch? why or how txhockey 03/13/18 09:21:40 AM
#6651   Yes, a 100 share trade on my TDAmeritrade Chris1 03/13/18 09:19:26 AM
#6650   anyone else showing a $17 trade premarket today? txhockey 03/13/18 09:15:09 AM
#6649   Usually, I get that sinking feeling when things buzz_trader 03/11/18 10:46:56 PM
#6648   zagdad, given that a lot of what an Ed Ajootian 03/11/18 08:48:36 AM
#6647   Thx, a good reminder that next week could zagdad 03/09/18 12:07:59 PM
#6646   Thank you for your excellent Insight Ed! common_cents 03/09/18 07:42:04 AM
#6645   CC, we have actually already exceeded the closing Ed Ajootian 03/09/18 07:30:55 AM