01:05 PM EST - EasTower Wireless Inc. : Announced that it has successfully entered into a Master Service Agreement with one of the largest tower operators in the world. "We are pleased to announce the successful execution of a MSA with a leading telecommunications client, placing Eastower as one of their approved contractors for future developments," said Vlado P. Hreljanovic , CEO of EasTower. "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 . We are very fortunate to have received such a fantastic abundance of demand for our business at a time of global economic volatility and uncertainty. The largest capital market transaction this 2022 calendar year was with a very large tower builder and a bulge bracket bank for over $2 billion. 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. The 5G industry has the confidence behind long term government spending policies that allocated capital to their domestic wireless infrastructure developments." EasTower Wireless Inc.
shares V.ESTW are trading unchanged at $0.06.
