Fast Growing And Expanding iQSTEL Adds Telecommunications Veteran Italo Segnini To Advi-sory Board
In anticipation of future growth, iQSTEL (OTC: IQST) today (March 23, 2020) adds Italo Segnini, a 25-year veteran of the telecommunications industry, to its Advisory Board. The company sees quick continued growth in the future and Segnini as an important asset to the Board in its future expansion in 5G high bandwidth communications on a global scale.
Media companies such as Stock Market Press are reporting on the fast growing 5G and blockchain 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) in 5G. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
Fast Growing And Expanding iQSTEL (OTC: IQST) Adds Telecommunications Veteran Italo Segnini To Advisory Board
iQSTEL (OTC: IQST) is a 21st century enhanced telecommunications service provider offering a wide range of cloud-based services. It offers 5G and blockchain solutions to carriers in the enterprise, international, domestic and retail markets. As it plans to expand in the future, the company sees the benefit of adding Italo Segnini to its Board. He is particularly valuable to the company, having worked with the company’s Etelix wholly-owned subsidiary, which produces 5G submarine fiber optic network capability. Fast growing and expanding iQSTEL (OTC: IQST) adds telecommunications veteran Italo Segnini to advisory board.
Timing is especially crucial, because of Segnini’s contacts and knowledge of telecommunications across Central America. iQSTEL (OTC: IQST) is currently engaged in a competitive bidding process to acquire controlling interest in an unnamed Central American company which has an attractive 2,300 mile aerial fiber optic network utilizing 4,500 high voltage electrical towers. It is estimated that this company could be potentially valued at $100+ million as it transitions from 4G to 5G within the next six-nine months. It would interconnect Central America, Mexico and the U.S. within thee years.
Mr. Iglesias, CEO of iQSTEL (OTC: IQST), said, “Mr. Segnini’s invaluable experience and industry contacts across Central America are key to the 5G expansion we have planned for U.S. Link to Guatemala and the rest of Central America. Our experience with Italo’s work at Etelix completed in 2018 and early 2019 make him a natural addition to iQSTEL’s M&A strategy.” Fast growing and expanding iQSTEL (OTC: IQST) adds telecommunications veteran Italo Segnini to advisory board.
iQSTEL (OTC: IQST) Plans Growth In The U.S.-Mexico SMS Marketplace
Mr. Iglesias added that iQSTEL’s (OTC: IQST) growth in the U.S.-Mexico SMS marketplace, via a new acquisition, will benefit from Mr. Segnini’s experience in SMS and international fiber optic linkup experience. Mr. Segnini is a 25-year veteran of the telecommunications industry, having worked in the past with companies such as Televisa, Telefonica and Millicom. He has also advised U.S., Latin American and Global Television Tier 1 and Tier 2 companies regarding Voice (ILD) Data, SMS and Roaming Wholesale Product development. He has also shown expertise in areas such a SMS, OTT products, operations, sales, organizational management and processes. Fast growing and expanding iQSTEL (OTC: IQST) adds telecommunications veteran Italo Segnini to advisory board.
iQSTEL, Inc. (OTC: IQST) Is Primed To Grow In 5G Telecommunications
Mr. Iglesias added that iQSTEL’s (OTC: IQST) acquisition strategy is progressing. iQSTEL Inc. (OTC: IQST) has wholly-owned, 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 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.
iQSTEL Reports 46% Jump In February Consolidated Sales, 39% Rise In YTD Volume
As 5G and blockchain innovation impacts telecommunications globally, iQSTEL (OTC: IQST) recently reported a 46% jump in consolidated sales for February 2020 and a 39% year-to-date revenue rise compared to one year ago. The company sales in February reached $1,688,206 consolidated including all subsidiaries. It attained a 39% rise when it attained $3,546,058 for year-to-date 2020 compared to $2.5 million the same period in 2019.
Mr. Iglesias, CEO of iQSTEL (OTC: IQST), said, “Our core organic business has seen a 39% YOY revenue growth based on a combination of new client acquisitions and cross-selling our new European interconnections to our existing carrier network. We are thrilled to see our business plan unfolding with such stellar results.”
5G Seen As A $667.9 Billion Market By 2026
Allied Market Research to reach $667.9 billion by 2026. It has spurred rapid expansion of 5G infrastructure. iQSTEL’s (OTC: IQST) ramp up of the interconnections agreement with recently acquired QGlobal SMS, and later in the year with itsBchain’s blockchain payment platform, will further enhance its ability to cross-sell ‘in-house’ and expand across European and Latin American markets.”
iQSTEL, Inc. (OTC: IQST) is seeking more 5G-capable companies. With the recent $25 million acquisition fund commitment from a New York-based investment banking firm, it has received an invitation to submit a Request For Information (RFI) from a central American fiber-optic network firm which could lead to a controlling interest in that future 5G company.
Source: Stock Market Press
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