Federal Communications Commission Delays March 16 Hearing On 5G Telecommunications Due To Coronavirus
The Federal Communications Commission (FCC) has postponed a March 16 scheduled field hearing on 5G telecommunications planned for Wayne State University Law School in Detroit. The FCC’s planned field hearing on 5G will be rescheduled. The subject of the hearing was to be civil rights and 5G. The impact of the coronavirus has closed schools, forced online-only class instruction at some schools and has forced school and worksite closures, the Commissioners said. Federal Communications Commission delays March 16 hearing on 5G telecommunications due to coronavirus.
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), 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. They also cover trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO), ON Semiconductor (NASDAQ: ON) and Skyworks Solutions (NASDAQ: SWKS), among others.
Federal Communications Commission Delays March 16 Hearing On 5G Telecommunications Due To Coronavirus
The FCC Commissioners said that the coronavirus disproportionately impacts vulnerable communities which lack the remote alternatives for schooling as well as work that broadband connectivity requires, according to reports. It was originally scheduled as a field hearing on the civil rights of 5G — impacting artificial intelligence (AI), Big Data analytics and other features — and alleged reservation of 5G “for the few.” It would seek to explore how 5G would be available to all Americans of all incomes, all colors, in urban centers as well as rural communities. The meeting was also to have discussed Big Data and the impact of sophisticated algorithms on daily lifestyles.
Companies like iQSTEL Inc. (OTC: IQST) Benefit From 5G Making News
The March 16 FCC field hearing in Detroit was only postponed, not cancelled. Hearings like this one raise the profile of 5G and the anticipation over how 5G technology will change the daily life of all Americans in everything from quick speed SmartPhones to faster Internet of Things (IoT). Ensuring that all Americans have access to 5G in communities poor and wealthy, urban and rural, is positive for iQSTEL Inc. (OTC: IQST)and the whole 5G infrastructure building community. 5G is in the news every day as the rollout continues globally of fifth generation telecommunications that will revolutionize the new technology. Around the globe, 5G test markets in major cities are occurring. Federal Communications Commission delays March 16 hearing on 5G telecommunications due to coronavirus.
iQSTEL, Inc. (OTC: IQST) Continues Its Aggressive 5G Acquisition Program
iQSTEL, Inc. (OTC: IQST) is expanding its 5G foothold in its role building fifth generation technology in a multi-national setting. iQSTEL, Inc. (OTC: IQST) offers a wide array of services to the telecommunications industry such as Internet of Things (IoT) technology solutions and Submarine Fiber Optic Network capacity for 5G. It is already a leader in also offering to the telecommunications industry Satellite Communications services, Internet of Things (IoT) technology, Blockchain solutions, Mobile Virtual Network Operator (MVNO) services, and more.
With 5G telecommunications in the international news daily, the outlook for 5G innovations and quicker speed for SmartPhones and Internet of Things (IoT) is making the industry even more high profile and lucrative for telecommunications companies such as iQSTEL, Inc. (OTC: IQST). Allied Marketing Research estimates that the 5G market will be greater than $5.5 billion in 2020 with a CAGR growth rate of 122% from 2021-2026.
iQSTEL, Inc.’s (OTC: IQST) Spree Of 5G Acquisitions
Last week, to continue its spree of acquiring 5G subsidiaries, iQSTEL, Inc. (OTC: IQST) signed a $25 million investment banking agreement designed to give it a financial war chest to acquire more 5G infrastructure and investments. iQSTEL, Inc. (OTC: IQST) signed the agreement with a New York-based investment banking firm to assist it in sourcing capital as it continues to grow in 5G telecommunications.
The $25 million agreement enables iQSTEL, Inc. (OTC: IQST) to continue its aggressive expansion program by acquisition and investment in 5G infrastructure and solution firms. iQSTEL, Inc. (OTC: IQST) on March 10, 2020 used that $25 million commitment in its competitive bid to secure controlling interest in a central American aerial fiber optics company. It announced this week it has received an invitation to submit a Request For Information (RFI) from the central American fiber-optic network firm which could lead to a controlling interest in that future 5G company.
Target Central American Company Has A Future Value of $100+ Million As It Transitions From 4G to 5G
The company has an attractive aerial fiber optic network utilizing 4,500 high voltage electrical towers that wires 2,300 miles. 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 a thee year period, the company said.
iQSTEL Inc. (OTC: IQST) has several telecommunications subsidiaries. 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). 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. Last week it added another subsidiary when it completed its acquisition of a 75% stake of itsBchain LLC, a blockchain technology developer. Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), 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.
Source: Stock Market Press
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