5G Acquisition Activity Intensifies, iQSTEL, Inc. Signs $25 Million Investment Banking Agree-ment To Acquire More
As acquisition activity in the 5G telecommunications market intensifies, iQSTEL, Inc. (OTC: IQST) has announced today (March 5, 2020) it has signed a $25 million agreement with a New York-based investment banking firm to assist in sourcing capital for 5G infrastructure acquisitions and investments, iQSTEL, Inc. CEO Leandro Iglesias said. The industry is growing exponentially and M&A activity is high. The largest example is the proposed $26 billion merger between mega providers Sprint (NYSE: S) and T-Mobile (NASDAQ: TMUS).
Media companies such as Stock Market Press are reporting on the fast growing 5G telecommunications market. It keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( (OTC: HVBTF) and Long Blockchain Corp. (OTC: LBCC) in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
5G Acquisition Activity Intensifies, iQSTEL, Inc. (OTC: IQST) Signs $25 Million Investment Banking Agreement To Acquire More
As 5G acquisitions continue, the battle for 5G market share has been linked to the change in the boardroom at Nokia Corp. (NYSE: NOK) with Rajeev Suri, CEO, stepping down and succeeded by Pekka Lundmark. The ripple impact of the explosive growth of 5G is seen throughout the industry.
The iQSTEL, Inc. (OTC: IQST) $25 million investment banking agreement names the investment banking firm as placement agent and financial advisor for up to $25 million for 5G infrastructure acquisitions and investments. iQSTEL, Inc. (OTC: IQST) must meet a number of terms and conditions which it believes are reasonable and attainable. The investment banking firm has almost 150 retail brokers in 10 offices across the East Coast, the company said. 5G acquisition activity intensifies, iQSTEL, Inc. (OTC: IQST) signs $25 million investment banking agreement to acquire more.
iQSTEL, Inc. (OTC: IQST) Has Identified Several 5G Acquisition Targets
The agreement is designed to attain for iQSTEL, Inc. (OTC: IQST) up to $25 million in funding to acquire and invest in more 5G companies and technologies in this quick-growing marketplace. Already, iQSTEL, Inc. (OTC: IQST) is well positioned within the 5G and telecommunications market within Latin America and Europe, the company said. The additional funding, with the investment banking firm serving as placement agent for sourcing the additional capital, will enable iQSTEL, Inc. (OTC: IQST) to acquire more 5G infrastructure firms and make 5G investments. 5G acquisition activity intensifies, iQSTEL, Inc. (OTC: IQST) signs $25 million investment banking agreement to acquire more.
Leandro Iglesias said of the agreement, “We are pleased to establish this relationship with such a prestigious firm, which validates our business plan. We expect the assistance of this well-established investment banker which will accelerate our growth. We have launched an aggressive acquisition program, beginning due diligence on several acquisition targets.” Mr. Iglesias has been invited for an interview March 25 at NASDAQ Marketsite in Times Square, New York, to discuss the company’s performance and its future plans.
The agreement enables iQSTEL, Inc. (OTC: IQST) to continue its aggressive expansion program by acquisition and investment in 5G. It already offers to the telecommunications industry Submarine Fiber Optic Network capacity, Satellite Communications services, Internet of Things (IoT) technology, Blockchain solutions and Mobile Virtual Network Operator (MVNO). 5G acquisition activity intensifies, iQSTEL, Inc. (OTC: IQST) signs $25 million investment banking agreement to acquire more.
iQSTEL Inc. (OTC: IQST) Is Well Positioned In 5G
iQSTEL Inc. (OTC: IQST) will play an important role in the 5G telecommunications industry. Allied Marketing Research estimates that the 5G market will be greater than $5.5 billion in 2020 with a CAGR growth rate of 122% driving growth from 2021-2026. iQSTEL Inc. (OTC: IQST) is well positioned throughout Latin America and Europe to take full advantage of this fast-growing industry.
iQSTEL Inc. (OTC: IQST) Adds Subsidiaries In Telecommunications Industry
iQSTEL Inc. (OTC: IQST) already has several high technology subsidiaries and it continues to grow in size and telecom services. Last week, iQSTEL Inc. (OTC: IQST) added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain. The parent company already has wholly-owned, Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It also owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide.
Source: Stock Market Press
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