Ericsson (NASDAQ: ERIC) Stock Soars 11% As It Announces Q2 Results And Wins 5G Contracts With Big Three Chinese Companies; iQSTEL (OTC: IQST) Subsidiary Secures Partnership Deal With China Mobile (NYSE: CHL)

Ericsson Stock Soars 11% As It Announces Q2 Results And Wins 5G Contracts With Big Three Chinese Companies; iQSTEL Subsidiary Secures Partnership Deal With China Mobile

Posted July 20, 2020

In NASDAQ: AAPL, NASDAQ: AMZN, NASDAQ: CHA, NASDAQ: DISH, NASDAQ: ERIC, NASDAQ: GOOGL, NASDAQ: LBTYA, NASDAQ: VOD, NASDAQ:TMUS, NYSE: CHL, NYSE: CHU, NYSE: MSI, NYSE: NOK, NYSE: T, NYSE: TEF, NYSE: VZ, OTC: IQST, OTC: SSNLF

Ericsson (NASDAQ: ERIC) stock soared 11% Friday after it announced Q2 results and earlier won 5G contracts with China Mobile (NYSE: CHL), China Telecom (NASDAQ: CHA) and China Unicom (NYSE CHU). Ericsson beat top and bottom line consensus estimates by analysts. For Ericsson, the new contracts with the Big Three telecom companies is a strategic market win in China. Meanwhile, niche player iQSTEL’s (OTC: IQST) subsidiary Global SMS had already secured a partnership deal with China Mobile (NYSE: CHL) to facilitate a business exchange. iQSTEL Inc.’s (OTC: IQST) sights are now set on growing its presence in Asia through the new partnership with China Mobile (NYSE: CHL), the company said.

Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA), Vodafone Group PLC (NASDAQ: VOD), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC) and DISH Network Corporation (NASDAQ: DISH).

Ericcson (NASDAQ: ERIC) Stock Soars 11% As It Announces Q2 Results And Wins 5G Contracts With Big Three Chinese Companies; iQSTEL (OTC: IQST) Subsidiary Secures Partnership Deal With China Mobile (NYSE: CHL)

Not only did Ericsson (NASDAQ: ERIC) win an important slice of the Chinese market, but significant to that company is that its arch-competitor Nokia Corporation (NYSE: NOK) did not win any. Ericsson is primed for 5G growth in the years ahead in the 5G rollout ahead. Ericsson (NASDAQ: ERIC) Stock Soars 11% As It Announces Q2 Results And Wins 5G Contracts With Big Three Chinese Companies; iQSTEL (OTC: IQST) Subsidiary Secures Partnership Deal With China Mobile (NYSE: CHL).

iQSTEL Inc. (OTC: IQST) Expanding Global Footprint As Its Plays Larger Role In Future Of Telecommunications, Eyes Growth In Asia

As Ericsson (NASDAQ: ERIC) grows in 5G in China, iQSTEL Inc. (OTC: IQST) is also making its presence felt in China and Asia. China Mobile has almost 1 billion subscribers, making it the world’s largest mobile mobile telecommunications company by number of subscribers. The subscribers are in China, Hong Kong, Pakistan and some Chinese subscribers in the U.K. In the future, China Mobile may also enter Latin America as there are some four million Asian Latin Americans now. That paves the way for iQSTEL Inc.’s (OTC: IQST) expansion of its global footprint as it plays a larger role in the future of telecommunications In Asia.

iQSTEL Inc. (OTC: IQST) Is Executing Its Growth Plan By Building iIs Global Footprint

iQSTEL Inc. (OTC: IQST) is executing its growth plan by building its global footprint to Latin America, Europe, U.S., Mexico, Italy, Portugal, Spain, Switzerland, Africa, Asia, New Zealand, Canada, and more. Now its subsidiary QGlobal SMS secured a partnership deal with China Mobile (NYSE: CHL) to facilitate a business exchange. iQSTEL Inc.’s (OTC: IQST) sights are now set on growing its presence in Asia through its new partnership with China Mobile (NYSE: CHL), the company said. Ericsson (NASDAQ: ERIC) Stock Soars 11% As It Announces Q2 Results And Wins 5G Contracts With Big Three Chinese Companies; iQSTEL (OTC: IQST) Subsidiary Secures Partnership Deal With China Mobile (NYSE: CHL).

‘Opens The Doors’ For iQSTEL (OTC: IQST)

Leandro Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said of China Mobile (NYSE: CHL), “In addition, this new partnership opens the doors for iQSTEL to explore offering our extensive product and service lines to their 1 billion subscribers, including our end user Mobile Number Portability blockchain-based application, and our IoT applications. China is the leader in 5G deployment, anticipating coverage to include over 300,000 cities by the end of the year. We look forward to including some of their rapid deployment protocols throughout our network.” Ericsson (NASDAQ: ERIC) Stock Soars 11% As It Announces Q2 Results And Wins 5G Contracts With Big Three Chinese Companies; iQSTEL (OTC: IQST) Subsidiary Secures Partnership Deal With China Mobile (NYSE: CHL).

iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries

The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC. iQSTEL Inc. (OTC: IQST) 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). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It 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. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. It has also acquired IoT Labs MX. It is an Internet of Things Mexican technology development company with a star product: The IoT Smart Gas platform, an IoT field device remote management in real time for mobile use including ground, air and sea tank monitoring.

Source: Stock Market Press

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Ruchika Gupta

Ruchika Gupta is a writer for Stock Market Press, covering technology, energy, cannabis, finance, biotech and industrials, among other sectors. She holds a maters's degree in English and produces financial and business content for a range of media outlets.