Shares of COMSovereign Holding Corp. (Nasdaq: COMS) were up 92.08% as of the most recent check, trading at $0.0849 in pre-market after ending the prior session at $0.04.
What has been going on with COMS?
After receiving the necessary approvals from Mexico’s Federal Telecommunications Institute (Instituto Federal De Telecomunicaciones, or “IFT”), COMSovereign (COMS) this month announced that their Fastback AnyLOSä (Any Line of Sight) IBR 1300 (Intelligent Backhaul Radio) is approved for sales to all tier-one wireless carriers and private wireless network operators in Mexico. The regulatory body in Mexico conducts comprehensive testing and examination before issuing the final certification.
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A significant market growth potential for COMSovereign is presented by certification and the introduction of Fastback radios in Mexico. Fastback radios are now being used in tier-one wireless networks and by a number of Communications Service Providers (“CSPs”) in the United States and Canada, allowing operators to expand their networks’ capacity fast and affordably. By overcoming many of the drawbacks of conventional point-to-point radios, Fastback’s Non-Line of Sight (NLOS) technology enables customers to swiftly expand capacity and respond to outages brought on by anything from minor fiber losses to widespread natural catastrophes like hurricanes. Fastback radios have been chosen to provide high capacity, dependable bandwidth, and connection at many of the biggest athletic events, including the Super Bowl and the U.S. Open, intercollegiate athletics, and several festivals and concerts.
The newest achievement in COMS’ lengthy and illustrious history is the introduction of Fastback in Mexico. Fastback was developed to address many of the crucial connection issues that customers suffer as a result of unanticipated outages or spikes in bandwidth demand.
How is COMS upending the market?
The first deployment tests are anticipated to start later this month, and COMSovereign (COMS) is already in conversations with a number of tier-one and other network operators in Mexico. The company believes that Fastback’s unmatched performance and reliability will prove an appealing solution for Mexican tier-one network operators and service providers of all sizes, just as it has with our current customers in the rest of North America, based on the feedback and interest COMSovereign has already received.
