This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Globecomm Receives Contract For The Design, Engineering And Supply Of A High Speed Wireless Network Incorporating A Multi-Media Platform (Voice, TV, Video On Demand And Internet Services) From Somcable Limited Valued At $2.7 Million

Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of communications solutions and services, today announced that the Company has been awarded a contract for a new broadband wireless system technology from Somcable Limited (SCL) valued at $2.7 million.

Under the terms set forth in the contract, Globecomm will provide the infrastructure that will allow Somcable to deliver voice, Internet, TV and video communication services to SCL subscribers with the goal of developing a framework of a carrier class communications service provider. This will enable SCL to roll out these services at minimal entry level cost and expand the network as the project permits.

Globecomm will provide SCL with the design and infrastructure to allow SCL to maximize return on investment for this project. The project will ensure that high speed wireless technology is available at the site, which is capable of delivering sufficient scalable bandwidth to residents of Somaliland. Globecomm anticipates the completion of these contracts by the Company's fiscal year 2013 third quarter ending March 31, 2013.

Paul Knudsen, Vice President of Eastern Atlantic Team for Globecomm, said: "This is an exciting project. The system Globecomm will design and deploy will allow Somcable to offer high speed wireless voice, Internet, TV and Video services to their subscribers. The network we are supplying utilizes wireless technologies that can deliver fiber speeds to the customers."

Michael Cothill, Chief Executive of Somcable, said: “Our confidence in Globecomm to deliver a State-of-the-Art network such as this is unquestionable and the fact that Somaliland will uplift its profile and rise to become a participant in world class Multi-Media communications is extremely exciting in the development of the country’s communication infrastructure, which we are delighted to be part of. ”

About Somcable Limited

Somcable Limited has been granted an exclusive 25 year license for the roll-out of the Country of Somaliland’s first and only fiber optic infrastructure. The License has been granted by the Government of Somaliland and has been approved and signed into law. The license also provides for an Individual Operating License and an Individual Spectrum License by the Government of Somaliland. Consequently, Somcable will become the first and for the foreseeable future, the only triple play licensee in Somaliland that has the necessary licensing to provide all the services as required by the Somcable project which includes 40GHz and 12GHz wireless frequencies for the MTVDS-FTTA wireless last mile access deployments.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs