5G in the U.S. will be done by American firms, possibly great news for iQSTEL Inc.’s (OTC: IQST) Etelix American subsidiary

The White House, seeking to build fifth generation telecommunications in the U.S. principally by American-based firms, has signaled that the project would focus on domestic suppliers. The goal is to build the high technology network without the participation of China-based Huawei Technologies Co. Bi-partisan support for the project by lawmakers is anticipated.

5G is a hot global issue right now and media such as Stock Market Press is reporting on the 5G telecommunications market progress by keeping readers up-to-date on such company stocks as iQSTEL Inc. (OTC: IQST),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S), 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 in the U.S. will be done by American firms, possibly great news for iQSTEL Inc.’s  (OTC: IQST) Etelix American subsidiary

The resulting project may be lucrative for iQSTEL Inc.’s  (OTC: IQST) Etelix American subsidiary. 5G in the U.S. will be done by American firms, possibly great news for iQSTEL Inc.’s  (OTC: IQST) Etelix American subsidiary. The parent company wholly owns Etelix, which is based in Miami. It is an international telecom carrier that provides telecomm and technology solutions worldwide.

iQSTEL Inc.’s (OTC: IQST) wholly-owned subsidiary Etelix provides Submarine Fiber Optic Network capacity for internet (4G and 5G). It was founded in 2008 and been profitable since inception, the company said. Last year, it reported an 18.5% jump in revenues. iQSTEL Inc. (OTC: IQST) also owns 51% of European subsidiary, SwissLink Carrier AG.

White House 5G Project

The American administration is eager to build its own freestanding and stand alone 5G network in several years fro from the impact of Huawei, due to fear of permitting the Chinese company access into American security knowledge. 5G in the U.S. will be done by American firms, possibly great news for iQSTEL Inc.’s (OTC: IQST) Etelix American subsidiary. Etelix may possibly be in the mix for the American-focused 5G infrastructure project.

Huawei is the global powerhouse of 5G. It reportedly owns some 28% of the worldwide market share among the top five telecom equipment sellers in 2019. Meanwhile, 5G players like Ericsson (NASDAQ: ERIC) have felt the pinch on profitability as its 5G costs have soared. That, in conjunction with a slowdown of some 4% in North America over the final three months of 2019, have impacted the bottom line. The no decision on antitrust regulations of the two-year-old proposed Sprint (NYSE: S) and T-Mobile (NASDAQ: TMUS) merger has also hurt.

iQSTEL Inc.’s (OTC: IQST) Etelix American Subsidiary Future Bright?

The future road may be bright and clear for iQSTEL Inc.’s (OTC: IQST) Etelix Miami-based American Subsidiary in this scenario. It is a domestic high tech company that can play a role in the building of domestic 5G infrastructure in the near future if the White House-driven initiative becomes reality.  5G in the U.S. will be done by American firms, possibly great news for iQSTEL Inc.’s (OTC: IQST) Etelix American subsidiary

Source: Stock Market Press

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