Fiber Optics M&A Activity Intensifies As FirstLight To Acquire By Definitive Agreement PrimeLink


Fiber optics providers jockeying for market dominance continues as merger & acquisition activity intensifies, with the most recent example being the acquisition by definitive agreement by FirstLight in upstate New York of PrimeLink. FirstLight is a leading provider of fiber optic data, cloud computing and internet. The purchase will give FirstLight dominance over the Albany corridor with additional fiber capacity into Montreal, Canada.

Media companies such as Stock Market Press are reporting on the fast growing fiber optic telecommunications market. It keeps readers up to date on company stocks in this market 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), HIVE Blockchain Technologies Ltd. ( (OTC: HVBTF) and Long Blockchain Corp. (OTC: LBCC)  in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.

Fiber Optics M&A Activity Intensifies As FirstLight To Acquire By Definitive Agreement PrimeLink

Fiber optic transmitters cable — including glass strands as thin as hair carrying pulses of light — within submarine cable, already in use, support the new 5G bandwidth requirements. 5G speeds are up to 100 times faster than 4G. Fiber optics M&A activity intensifies as FirstLight to acquire by definitive agreement PrimeLink.

The acquisition proposed by the definitive agreement would mean that FirstLink will be a key player in fiber based broadband services to businesses within the state of New York. Kurt Van Wagenen, president and CEO of FirstLight, said, “The acquisition will deepen our fiber footprint in the North Country, and provide additional fiber capacity on a unique route from Albany, New York into Montreal, Canada, which will help facilitate cross-border communications.” Fiber optics M&A activity intensifies as FirstLight to acquire by definitive agreement PrimeLink.

Other proposed telecommunications activity includes the large $26 billion proposed merger between mega providers Sprint (NYSE: S) and T-Mobile (NASDAQ: TMUS). Additionally, the market share fight in fiber optic cables and 5G telecommunications has been linked to the change in the boardroom at Nokia Corp. (NYSE: NOK)  with Rajeev Suri, CEO, stepping down and succeeded by Pekka Lundmark.

iQSTEL Inc.’s (OTC: IQST) subsidiary, Etelix Will Play An Important Role In Fiber Optic Cable  Installation

iQSTEL Inc.’s (OTC: IQST) Miami-based subsidiary, Etelix, is an American 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). Etelix is an infrastructure important force linking the U.S. mainland and Central and South America. Submarine Fiber Optic cable supports the new 5G bandwidth requirements. iQSTEL Inc.’s (OTC: IQST) management predicts that infrastructure demands throughout Latin America, and other countries, will drive exponential increases over the next few years.

Foreign countries where 5G is in various stages of being tested include United Kingdom, Australia, South Africa, Poland, Canada, Belgium, Germany and others. In the U.S., multiple providers are testing 5G installations in New York City, Dallas, Hartford, Salem, St. Louis, Dayton, Boston, Bakersfield, and more. 5G is on the verge of breaking out globally in 2020 in network tests, providing a lucrative 5th generation telecom growth market.

iQSTEL Inc. (OTC: IQST) Is Seeing Performance Jump

iQSTEL Inc. (OTC: IQST), through its growing number of subsidiaries, will impact how 5G offers new and quicker features. iQSTEL Inc. (OTC: IQST) already has several high technology subsidiaries and it continues to grow in size and telecom services. Last week, iQSTEL Inc. (OTC: IQST) added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain. Besides wholly-owned Etelix, the parent company also owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more.

QSTEL Inc.’s (OTC: IQSTEL) Etelix Subsidiary Reports Record Sales

QSTEL Inc. (OTC: IQSTEL), including its subsidiaries, reported 2019 sales of near $22 million, an 18.5% jump from the prior year. For January 2020, the parent company reported consolidated net sales of $1,844,258, representing a 32% jump in volume when its SwissLink sales are included. For subsidiary Etelix, January 2020 sales were $1,459,358, its highest January ever since its inception in 2007. Etelix performance showed a YOY 4% organic growth gain in January 2020, the company said.

Companies like iQSTEL Inc. (OTC: IQST will play a growing role in the installation and maintenance of the 5G telecommunications landscape. Specialty high technology firms will play an important role in the future of telecommunications,

Mr. Iglesias said management of the newly acquired company would further enhance the synergy between the portfolio companies of iQSTEL Inc. (OTC: IQST). Mr. Iglesias 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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