5G Conference To Be Held In White House In April To Accelerate Wireless Technology


A special conference on 5G will be held at the White House in April with invitations to the rivals of Chinese firm Huawei Technology according to Larry Kudlow, National Economic Council Director. The goal is to accelerate 5G wireless technology. Expected to attend are: Nokia (NYSE: NOK), Ericsson (NASDAQ: ERIC), AT&T Inc., (NYSE: T), Verizon Communications Inc.(NYSE: VZ), Qualcomm Inc. (NASDAQ: QCOM) and Samsung (OTC: SSNLF).

5G represents the next generation of SmartPhones, internet (IoT) and global communications. 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) in 5G networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.

5G Conference To Be Held In White House In April To Accelerate Wireless Technology

Kudlow told Fox Business, “We’re working carefully, closely with Nokia and Ericsson. We’re going to be holding some kind of a conference in about a month. I’m sure the president would join us in part, that would include Samsung, that would include all of our guys.”

The U.S. administration has worked to ensure that China’s Huawei Technology is not used by other countries when they build 5G telecommunications networks. The administration has encouraged 5G advances from other companies, including Nokia Oyj (NYSE: NOK) of Finland and Ericsson AB  (NASDAQ: ERIC) of Sweden. The U.S. is particularly concerned about its allies, such as the U.K., giving a role to China in the new 5G world.

5G Intellectual Property Compromised?

Most recently, Huawei has been alleged in court to have taken the intellectual property of telecommunications and chip companies including Cisco (NASDAQ: CSCO) and others. A strategy to build the networks by other companies is encouraged by the U.S. 5G conference to be held in White House in April with Huawei Technology rivals. The American government foresees the future importance of 5G telecommunications and wants to make sure it is not — and its allies are not — compromised in any by Chinese providers as its infrastructure is being built. The conference is about how to ensure American companies and U.S.-friendly firms take on the lion’s share of 5G installation and maintenance. It is especially important now to be American-based in the 5G infrastructure marketplace. 5G conference to be held in White House in April to accelerate wireless technology.

Companies Like iQSTEL Inc. (OTC: IQST) Seen Pivotal In 5G

iQSTEL Inc.’s (OTC: IQST) Etelix subsidiary is an American based 5G telecommunications firm headquartered in Miami. Etelix provides Submarine Fiber Optic Network capacity for internet (4G and 5G). Being a U.S. company is important in this White House conference in April and the American strategy of overseeing the 5G network installation. 5G conference to be held in White House in April to accelerate wireless technology.

iQSTEL Inc. (OTC: IQST) has two telecommunications subsidiaries: wholly-owned Miami based Etelix and 51% owned SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. The parent company, including its two subsidiaries, reported 2019 sales of near $22 million, an 18.5% jump from the prior year.

Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), says the company sees record revenues and growth for 2020. One reason is that the firm offers a wide array of services in the field: Blockchain solutions, Internet of Things (IoT) solutions, 5G network capacity and Mobile Virtual Network Operator (MVNO) services and more. He 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.

Source: Stock Market Press

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The consolidation winning strategy to gain 5G market share is by merger and acquisition (M&A). It saves the effort of buying and installing new equipment, winning licenses and customer contracts and negotiating with third parties for cell towers and other necessary elements. By buying a telecommunications company, all of those things are instantly ready. Debt service on the acquisition must be paid, but the focus on M&A is a winning one in 5G. For example, look at how the proposed merger between T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) — although initially stalled — will change market share in the 5G industry. Even if another provider enters the market, Dish Network Corp. (NASDAQ: DISH), it’s a small price to pay.