5G Would Be Positively Impacted As The Merger Between Sprint and T Mobile Now Looks Like-ly, And That’s Important For Companies Such As iQSTEL Inc. (OTC: IQST)
A U.S. District Judge ruled favorably on the pending $26.5 billion proposed merger between T Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) and that’s great news for the coming 5G network and companies such as iQSTEL Inc. (OTC: IQST). If consummated, the merger between the third- and fourth-largest U.S. wireless carriers could accelerate the growth of 5G in the domestic telecommunications marketplace.
5G network building would play a major role in in the U.S. internet (IoT), data intelligence, TV and driverless vehicles. As a result, Stock Market Press is reporting on the fast growing 5G telecommunications market and keeping readers up-to-date on merger and other news at 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), 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 would be positively impacted as the merger between Sprint and T Mobile now looks likely, and that’s important for companies such as iQSTEL Inc. (OTC: IQST)
Prior to yesterday’s (February 11, 2020) federal court ruling in New York, the merger lingered for almost two years. But now the merger between T Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) looks positive and heading to consummation. 5G would be positively impacted as the merger between Sprint and T Mobile now looks likely, and that’s important for companies such as iQSTEL Inc. (OTC: IQST). Chairmen for both merging companies said they were ecstatic and said that the merger would be great for the American economy and consumers. T Mobile (NASDAQ: TMUS) has promised to cover some 97% of the U.S. population with 5G service within three years, reports said.
Impact Of The Proposed Merger To iQSTEL Inc. (OTC: IQST)
As the momentum for the building and implementation of a 5G network builds in the U.S., iQSTEL Inc.’s (OTC: IQST) wholly-owned Miami-based American subsidiary Etelix business could improve. Etelix provides Submarine Fiber Optic Network capacity for internet (4G and 5G). iQSTEL Inc.’s (OTC: IQST) subsidiary Etelix was founded in 2008 and been profitable since inception, the company said. Last year, it reported an 18.5% jump in revenues.
iQSTEL Inc.’s (OTC: IQST) 51%-owned subsidiary SwissLink Carrier AG’s ’s $5.6M in revenues for 2019 added to Etelix’s revenues puts the parent company’s cumulative 2019 revenue near $22M. The company expects organic growth in these two subsidiaries to be in the 20-30% YOY range. The company is transitioning into a full-service cloud-based 21st century communications provider.
iQSTEL Inc. (OTC: IQST) is well positioned for the 5G wave for the telecommunications industry in 2020 and beyond. It is an international telecom carrier that provides telecomm and technology solutions worldwide. 5G would be positively impacted as the merger between Sprint and T Mobile now looks likely, and that’s important for companies such as iQSTEL Inc. (OTC: IQST).
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press
