Fiber Optic Cable Market Is Projected To Grow At a Rapid Pace
It is now a well-established fact that 5G networks are going to be the future, and those networks are soon going to be launched all across the world. In such a situation, the fiber optic cable market is also going to get a massive boost, and according to a report, the industry is expected to be valued at $11.67 billion by 2025.
The industry is also expected to deliver CAGR of 11.18% from 2013 through to 2025. Fiber optic cables are expected to be one of the most important constituents of the 5G industry.
These cables have the ability to carry much higher bandwidth and hence, are going to be in high demand as telecom companies build 5G networks. Reports also suggest that the launch of 5G will result in the usage of fiber optic cables in other industries, and hence, it could be worthwhile for investors to take a look at some promising companies in the sector.
One of the companies that could be tracked by investors at this point in time is that of iQSTEL Inc. (OTC: IQST), which has worked as a services provider for telecom companies for many years. More importantly, the company also has a subsidiary named Etelix, which is involved in providing Submarine Fiber Optic Network for 5G networks.
iQSTEL Inc’s (OTC: IQST) fiber optic cable is well equipped to support the demands of a 5G network, and the iQSTEL Inc’s (OTC: IQST) management believes that is product is going to be in high demand. The demand is going to be triggered by the necessity to build 5G infrastructure on several continents in a short span of time.
On Thursday, iQSTEL Inc. (OTC: IQST) announced that it signed an investment banking agreement with a New York-based dealer-broker.
The bank is going to work as a financial advisor and also a placement agent for IQSTEL’s planned $25 million worth of investments and 5G infrastructure acquisitions. The stock soared by 80% yesterday.
Source: Stock Market Press
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