FTE NETWORKS, INC. (OTCMKTS:FTNW) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement.

On March 9, 2017, FTE Networks, Inc. (the Company),
entered into a Stock Purchase Agreement (the Purchase
Agreement) with (i) Benchmark Builders, Inc., a privately
held New York corporation (Benchmark), and (ii) each of
Benchmarks stockholders (collectively, the Sellers). Under
the terms of the Purchase Agreement, the Company agreed to
purchase all the issued and outstanding capital stock of
Benchmark from the Sellers for $75,000,000, subject to certain
prospective working capital adjustments. The closing of the
transaction contemplated by the Purchase Agreement is subject to
certain conditions precedent enumerated therein, and will occur
five (5) business days after the satisfaction or waiver of such
closing conditions. At the closing of the transaction, the
Company agreed to deliver cash consideration in an aggregate
amount of $55,000,000, agreed to issue and deliver an aggregate
of 17,825,350 shares of the Companys common stock, and agreed to
issue promissory notes in the aggregate amount of $10,000,000 to
the Sellers.

The foregoing description of the Purchase Agreement does not
purport to be complete and is qualified in its entirety by
reference to the complete text of the Purchase Agreement, which
is filed hereto as Exhibit 10.1.

A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

About FTE NETWORKS, INC. (OTCMKTS:FTNW)

FTE Networks, Inc., (FTE Networks) is a provider of international and regional telecommunications and technology systems, and infrastructure services. The Company’s segments are Telecommunications and Staffing. It also offers managed information technology, telecommunications services, subscriber-based services and staffing solutions through its subsidiaries, Jus-Com, Inc. (doing business as FTE Network Services), FTE Wireless, LLC and Focus Venture Partners, Inc. (doing business as FVP Worx). Its services include engineering consulting, design, installation, maintenance and emergency response in various categories, including cabling, equipment installation and configuration, rack and stack, wiring build-outs, infrastructure build-outs, direct current power installation, online service provider/Internet service provider fiber placement, fiber cable splicing and testing. In the wireless space, it provides engineering, design, installation and upgrade of wireless communications networks.

FTE NETWORKS, INC. (OTCMKTS:FTNW) Recent Trading Information

FTE NETWORKS, INC. (OTCMKTS:FTNW) closed its last trading session 00.000 at 0.711 with 36,529 shares trading hands.