Replies to post #6083 on FTE Networks Inc (fka FTNW)

[Quindien]

This thing looks like a legit company about to fail. They've had 3 years with of contracts for over $140 million for over half a year now, right? When do we see the proof?

[JJAAMMAANN]

Not going to argue what Septembers Quarterly report had shown...
However, I think they are moving in the right direction...this article says major contract started in November, so I'll wait to see what next quarter report shows...maybe the profitability they have been talking about....CEO has been saying all along "Profittable in 2nd half of 2016...and here we are???

NAPLES, FL -- September 26, 2016 -- InvestorsHub NewsWire -- FTE Networks, Inc. (FTNW) a leading network infrastructure solutions provider in the technology and telecommunications vertical, today announced it has been awarded a contract by a global telecommunications network integrator to support a fiber network build out of approximately 750 miles of fiber to enable a 5G rollout for a major U.S. wireless company in Seattle and Tacoma, Washington.The contract is valued up to $12 million over the next 12 months and will commence in November 2016.



This agreement is a significant milestone for our company, in addition to providing significant revenue, it also bolsters our existing relationship with a leading network integrator, stated Mr. Michael Palleschi, Chief Executive Officer and President of FTE Networks. We are extremely pleased that our best in class offerings were selected to serve at the forefront of the 5th generation wireless systems movement. Over the next 10 years it is projected that wireless carriers will spend over $104 billion to upgrade their existing LTE networks and build out their 5G-network infrastructure. This increase in capital spending will significantly drive demand for our infrastructure services. Going forward, we intend to partner with similar companies on parallel projects in order to further establish FTE as a market leader and enhance our overall shareholder value.

Best of luck in all your trades!