FCC Raises $4.6 Billion In Auction Of 5G Airwave Frequencies With Verizon And DISH Network Corporation Among Winners; iQSTEL Inc. Sees 5G As Long Term Telecommunications Oppor-tunity
The Federal Communications Commission (FCC) has raised $4.6 billion in its auction of 5G-friendly airwaves with companies such as Verizon (NYSE: VZ) And DISH Network Corporation (NASDAQ: DISH) among the winners, according to a report by Bloomberg. Verizon placed $1.9 billion in victorious bids while DISH won with $913 million. This auction was first in a series of auction 5G airwave events, with the next set by the FCC for December 2020 for more mid-range band frequencies. The auctions, encouraged by the White House and President Trump, will help solidify the future of 5G telecommunications. Government commitment to 5G longevity is great news for firms such as iQSTEL Inc. (OTC: IQST).
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), 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), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).
FCC Raises $4.6 Billion In Auction Of 5G Frequencies With Verizon (NYSE: VZ) And DISH Network Corporation (NASDAQ: DISH) Among Winners; iQSTEL Inc. (OTC: IQST) Sees 5G As Long Term Telecommunications Opportunity
The most recent auction attracted bids from some 200 companies. Cable providers such as Charter Communications and Comcast Corp. took third and fourth place in the auction. DISH won the most airwave licenses of any bidder, 5,492, and runner-up Comcast won 830, the FCC said.
According to Bloomberg, The White House and Trump administration is jump starting 5G with another planned FCC auction in December 2020 of available mid-range band frequencies that will require the construction of fewer 5G cell towers. The move signals the government’s commitment to 5G networks and is great news for telecommunications players such as iQSTEL Inc. (OTC: IQST). FCC Raises $4.6 Billion In Auction Of 5G Airwave Frequencies With Verizon (NYSE: VZ) And DISH Network Corporation (NASDAQ: DISH) Among Winners; iQSTEL Inc. (OTC: IQST) Sees 5G As Long Term Telecommunications Opportunity.
U.S. Commitment To 5G Telecommunications Great News For Telecommunications Players Such As iQSTEL Inc. (OTC: IQST)
According to site Wired, IDC analyst Jason Leigh, said, “It’s a big deal. The U.S. is desperate for some mid-brand spectrum.” 5G could be vital to new technology for ‘smart’ factories, manufacturing robots that utilize artificial intelligence (AI) and self-driving cars.”
Firms such as iQSTEL, Inc. (OTC: IQST) develop innovative new services for top tier telecommunications providers and partners. The company is seen playing a larger role in establishing new global 5G products and services. iQSTEL, Inc. (OTC: IQST) brings to the telecom industry breakthrough services/products. It has disrupting global payments/settlements in the telecommunications industry. FCC Raises $4.6 Billion In Auction Of 5G Airwave Frequencies With Verizon (NYSE: VZ) And DISH Network Corporation (NASDAQ: DISH) Among Winners; iQSTEL Inc. (OTC: IQST) Sees 5G As Long Term Telecommunications Opportunity.
iQSTEL, Inc. (OTC: IQST) Innovates In Payments/Settlements Speed And Security
Large financial institutions require the security and transparency blockchain provides in making payments/settlements across global borders. iQSTEL, Inc. (OTC: IQST) offers that and real time transaction security offering financial institutions full transparency of the immediate transfers they want. Even after the settlement transaction is conducted, the Company ensures safety and the ability to recapture any questioned funds.
A Mobile Number Portability Application (MNPA) portability app for consumers in a 5G industry enables consumers to change providers quickly and securely for mobile devices without changing numbers. As new providers come on line and consumers wish to change, the iQSTEL, Inc. (OTC: IQST) new product offers industry-changing speed and security in executing this transaction. FCC Raises $4.6 Billion In Auction Of 5G Airwave Frequencies With Verizon (NYSE: VZ) And DISH Network Corporation (NASDAQ: DISH) Among Winners; iQSTEL Inc. (OTC: IQST) Sees 5G As Long Term Telecommunications Opportunity.
Subsidiaries Generate Positive Net Income
Reflecting its well managed team of growing subsidiaries, all of its operating subsidiaries generated a positive net income for Q2 2020. Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), foresees Q3 and Q4 ‘exciting’ financial performance and the company plans more corporate and subsidiary developments leading into 2021. Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), foresees Q3 and Q4 ‘exciting’ financial performance and the company plans more corporate and subsidiary developments leading into 2021.
iQSTEL, Inc. (OTC: IQST) Growing In SMS Operations, 4G And 5G
iQSTEL, Inc.’s (OTC: IQST) Mr. Iglesias, CEO, said, “All of our operating subsidiaries just reached a major milestone, going Net Income positive. Our management experience in Telecom Operations has been key in the achievement of these results. We look forward to fantastic Q3 and Q4’s as we anticipate further corporate and subsidiary developments leading in to 2021.” He added that the Company’s July 2020 sales of $4.3 million, a 290% jump from the comparable period the prior year, leads the Company’s optimism that its Q3 2020 sales can exceed the $11.1 million volume it achieved in Q2 2020. “Our July numbers have us on track to surpass the just released Q2 figures,” Mr. Iglesias said.
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. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application.
Source: Stock Market Press
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