Field Solutions (ASX:FSG) share price reaches multi-year high. Here’s why

The Field Solutions Holdings Ltd (ASX: FSG) share price is rising in late afternoon trade. This comes after the company announced it had secured 5G spectrum for rural, regional and remote parts of Australia.

The telecommunications carrier and technology company provides connectivity for rural, regional and remote areas. It builds fixed wireless networks, employing technologies such as fibre and fixed wireless spectrum.

After reaching a multi-year high of 8.2 cents in morning trade, the Field Solutions share price is trading up 7.35% at 7.3 cents, at the time of writing.

What did Field Solutions announce?

In today’s release, Field Solutions advised it has been allocated 5G millimetre wave spectrum (26GHz) to 85% of Australia’s…