Coronavirus Impact May Slow Ability Of Dish Network To Raise $10 Billion For 5G Network Re-quired As Part Of $26 Billion T-Mobile-Sprint Merger OK
The financial impact of coronavirus may slow the ability of Dish Network (NASDAQ: DISH) to raise the $10 billion needed for building a 5G network seen as a condition of the approval by a federal judge of the $26 billion T-Mobile (NASDAQ: TMUS)-Sprint merger. Dish Network (NASDAQ: DISH) needs to construct the 5G network to cover 70% of the U.S. population by 2023 to meet its end of the merger agreement. Failure to do so would mean Dish Network (NASDAQ: DISH) could face a $2.2 billion fine and an ordered return of $12 billion in unused government spectrum. One option: it could ask for and receive an extension beyond 2023 if it can’t raise the funding it needs in this pandemic.
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), Dish Network (NASDAQ: DISH), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS) and Ericsson (NASDAQ: ERIC) in 5G. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
Coronavirus Impact May Slow Ability Of Dish Network (NASDAQ: DISH) To Raise $10 Billion For 5G Network As Part Of The $26 Billion T-Mobile (NASDAQ: TMUS)-Sprint Merger
5G is a national priority and the T-Mobile US (NASDAQ: TMUS)-Sprint $26 billion merger attracted legal action by 13 attorneys general to bloc the merger because it reduce reduce competition and raise telecommunication prices for consumers. Enter Dish Network (NASDAQ: DISH) offering its own and new 5G network covering 70% of the American population by 2023 (and earlier 20% by 2022). Coronavirus impact may slow ability of Dish Network (NASDAQ: DISH) to raise $10 billion for 5G network as part of $26 billion T-Mobile (NASDAQ: TMUS)-Sprint Merger.
T-Mobile and Spring Must Provide Dish Network (NASDAQ: DISH) With 20,000 Cell Sites
The coronavirus pandemic has wrecked havoc with the financial markets, perhaps delaying or worse for the installation of a Dish Network (NASDAQ: DISH) 5G market. The mega-merger had required T-Mobile (NASDAQ: TMUS) and Sprint to provide Dish (NASDAQ: DISH) with 20,000 cell sites and hundreds of retail locations. Coronavirus impact may slow ability of DishNetwork (NASDAQ: DISH) to raise $10 billion for 5G network as part of $26 billion T-Mobile (NASDAQ: TMUS)-Sprint Merger.
5G Is In The National News, As President Trump Discusses Its Importance
At his highly rated daily nationally televised news conferences, President Trump talks frequently about the importance of installing a 5G network. This is especially true at a time of shelter-in-place where Americans are sensitive to the benefits of 5G: quicker internet speed, improved graphics, etc. Coronavirus impact may slow ability of Dish Network (NASDAQ: DISH) to raise $10 billion for 5G network as part of $26 billion T-Mobile (NASDAQ: TMUS)-Sprint Merger. An important player in the growth of 5G internationally is rapidly expanding iQSTEL Inc. (OTC: IQST). It is growing quickly both by acquisition, generically and by geographic operating regions.
iQSTEL Inc. (OTC: IQST) Acquires 51% Of U.S.-Mexico SMS Service Provider, Pushing Its Combined Revenues To Over $50 Million Annually
iQSTEL Inc. (OTC: IQST) announced this week its acquisition of 51% controlling interest in an Austin, Texas-based U.S.-Mexico SMS service provider. The transaction adds $29 million to the current annual revenues of iQSTEL, pushing it to over $50 million. It drives the iQSTEL Inc. (OTC: IQST) SMS business, under the QGlobal SMS brand, to generate 60% of the company’s annual sales in the $100 billion SMS market.
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “Our QGlobal SMS brand will surpass 700 million SMS transactions per year with this acquisition, expanding our operating regions to include: U.S.-Mexico, Latin America, EMEA (Europe, Middle East, Asia), and Africa.” iQSTEL Inc. (OTC: IQST) Acquires 51% Of U.S.-Mexico SMS Service Provider, Pushing Its Combined Revenues To Over $50 Million Annually.
He added, “This acquisition is in line with our transformation of iQSTEL into a 21st Century Telecom Enhanced Service Provider. Our strategy at iQSTEL is to build a very strong portfolio of high tech solutions: Domestic and International Long Distance (VoIP), SMS service provider (A2P & P2P), 4G and 5G international fiber-optic connectivity, Internet of Things (IoT) Applications and Blockchain-based platform applications We are preparing iQSTEL for an expansive 2020 outlook and beyond.” iQSTEL Inc. (OTC: IQST) Acquires 51% Of U.S.-Mexico SMS Service Provider, Pushing Its Combined Revenues To Over $50 Million Annually.
5G: Here Comes Quick-Growing iQSTEL, Inc. (OTC: IQST)
iQSTEL Inc. (OTC: IQST) is aggressively growing its network of telecommunications subsidiaries to make itself a one-stop-shop and offer a wide range of cloud-based enhanced services. It wholly-owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). Additionally, 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. Recently, it added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain LLC, a blockchain technology developer.
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.
Stock Market Press
110 Wall St.
New York, NY 10005 firstname.lastname@example.org
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