FTE Networks Expands Infrastructure Deployment Services to
Atlanta Market
NAPLES, FL -- October 12, 2016 -- InvestorsHub NewsWire -- FTE
Networks, Inc. (OTCQX:FTNW)
("FTE" or the "Company"), a leading network infrastructure
solutions provider in the technology and communications vertical,
today announced that it is expanding its infrastructure deployment
services to Atlanta. Initiated by a $0.5 million contract with a
major ISP for fiber and broadband services development in market,
FTEs expansion to Atlanta creates new business opportunities for
its traditional services.
With several large telecom service providers and major ISPs
building fiber networks in Atlanta, FTEs presence in this market
adds pipeline growth capability estimating its current deal valued
at $1-2M in 2017 and an anticipated total pipeline opportunity
value of $10-$15 million through 2020.
Anthony Sirotka, Chief Business Development Officer of FTE
Networks (FTNW),
commented, We continue to expand our customer base, as enterprise
customers as well as regional and national data and telecom
providers recognize both our value proposition and solid track
record. There continues to be an increase in demand for bandwidth,
which drives fiber optic development. This expansion of our
presence in Georgia allows us to broaden and solidify our footprint
throughout the southeast.
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation
helping communications service providers, government and enterprise
customers evolve their networks to meet advancing technology
requirements via network infrastructure, and edge computing
solutions to quickly enhance service innovation and deliver new
revenue streams. With a focus on smart design, open architectures
and consistent standards, along with expertise in building,
operating, and maintaining networks, FTE solves complex network and
system challenges that reduce costs and deployment time to
accelerate delivery and optimize performance of network
infrastructure. Operating five (5) industry segments; Data Center
Infrastructure, Fiber Optics, Wireless Integration, Network
Engineering, and Compute to the Edge, FTE Networks is headquartered
in Naples, Florida, with offices throughout the United States and
Europe. For more information, please visit: www.ftenet.com.
Forward Looking Statements
This release may contain forward-looking statements relating to
the business of FTE. All statements other than historical facts are
forward-looking statements, which can be identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions. These statements involve risks and
uncertainties that may cause actual results to differ materially
from those anticipated, believed, estimated or expected. These
risks and uncertainties are described in detail in our filings with
the Securities and Exchange Commission. Forward-looking statements
are based on FTE's current expectations and beliefs concerning
future developments and their potential effects on FTE. There is no
assurance that future developments affecting FTE will be those
anticipated by FTE. FTE undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required
under applicable securities laws.
Contact:
Investor Relations:
Natalya Rudman, SVP
Crescendo Communications, LLC
(212) 671-1020, Ext: 304
ftnw@crescendo-ir.com