5G Cellphone Mega Providers Are Hit With $200 Million Fines From FCC For Compromising Privacy
The largest 5G cellphone mega providers have been slapped with $200 million in fines from the Federal Communications Commission (FCC) for mishandling sensitive private data of users, specifically location information. The fines to companies were $91 million for T Mobile US (NASDAQ: TMUS), $57 million for AT&T (NYSE: T), $48 million for Verizon Communications (NYSE: VZ) and $12 million for Sprint Corp. (NYSE: S). T-Mobile said it ended its location-sharing program early last year and would fight the fine. Other providers said they were reviewing the FCC notices.
Media companies such as Stock Market Press are reporting on the fast growing blockchain 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 Cellphone Mega Providers Are Hit With $200 Million Fines From FCC For Compromising Privacy
The wireless industry is set to change when the $26 billion proposed merger — which has been approved by a federal judge — is consummated between T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S). Providers identifying locations of their users is a sensitive privacy issue because consumers cannot shut off their location whereabouts as phone companies need to know this information to provide wireless service. A users location is valuable to marketers. 5G cellphone mega providers are hit with $200 million fines from FCC for compromising privacy.
These are mega providers who will play a key role in the 5G marketplace in the future. Already, companies such as Samsung (OTC: SSNLF) and Apple Inc. (NASDAQ: AAPL) are introducing 5G capable SmartPhones for consumers and businesses eager for quicker speeds, improved internet (IoT), 5G television service and faster graphics.
Focus On 5G Is Important For Companies Like iQSTEL Inc. (OTC: IQST)
Last week, iQSTEL Inc. (OTC: IQST), a high technology 5G telecommunications provider, added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain, a blockchain provider. iQSTEL Inc. (OTC: IQST) has a wholly-owned subsidiary, Etelix, an American based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). The other is 51% owned SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more.
Even with privacy as a key issue, the coming high profile change in landscape in the 5G industry bodes well for companies such as iQSTEL Inc. (OTC: IQST). As 5G cellphone mega providers are hit with $200 million fines from FCC for compromising privacy, 5G specialists like iQSTEL Inc. (OTC: IQST), are in a high profile industry as 5G cellphone mega providers are hit with $200 million fines from FCC for compromising privacy.
Etelix January 2020 Sales The Highest Ever
QSTEL Inc. (OTC: IQSTEL), including its subsidiaries, reported 2019 sales of near $22 million, an 18.5% jump from the prior year. For January 2020, the parent company reported consolidated net sales of $1,844,258, representing a 32% jump in volume when its SwissLink sales are factored in. For subsidiary Etelix, January 2020 sales were $1,459,358, its highest January ever since its inception in 2007. Etelix performance showed a YOY 4% organic growth gain in January 2020, the company said.
itsBchain is “Uniquely Positioned” To Develop Telecom Applications
Mr. Iglesias, CEO of iQSTEL, said of the parent company’s newest acquisition, “itsBchain is uniquely positioned to develop telecom applications based on smart contracts and blockchain technologies. Mobile number portability and carrier wholesale VoIP, SMS and Data payment solutions are just two of the projects itsBchain has under development. We believe the synergy between our subsidiaries, as well as our existing clientele, will greatly benefit from this new acquisition.”
Mr. Iglesias said management of the newly acquired company would further enhance the synergy between the portfolio companies of iQSTEL Inc. (OTC: IQST). itsBchain is a blockchain solutions provider which plans to develop telecom blockchain solutions for carrier, corporate and retail markets.
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. Not only does he plan for it to continue to grow, but also to up list its common stock to a higher exchange, he said.
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
