Global Suppliers Association (GSA) August 2020 Report Finds Surge In Announced 364 5G Devices, Up 86% Over Past Four Months; Important 5G Growth For iQSTEL, Inc.
The August 2020 Report by the Global mobile Suppliers Association (GSA) finds exponential growth in 5G ready announced devices to 364 — more than double the number since the end of 2019 and up by 86% over the last four months. The surge in mobile devices reported by the GSA sets the tone for the expanding 5G environment, an important trend for telecom players 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).
Global Suppliers Association (GSA) August 2020 Report Finds Surge In Announced 364 5G Devices, Up 86% Over Past Four Months; Important 5G Growth For iQSTEL, Inc. (OTC: IQST)
The GSA Report for August 2020 finds that the announced 5G mobile devices showed that the ecosystem for announced 5G devices exceeded 200 for the first time. Joe Barrett, president of GSA, said, “As more and more 5G services are being launched worldwide, we can see the number of devices soaring with an ever growing range of form factors. Specifically the 5G phone market is seeing explosive growth having more than doubled since the end of 2019 and increasing by 86% over the last four months alone, indicating ever accelerating growth of the 5G ecosystem.” Global Suppliers Association (GSA) August 2020 Report Finds Surge In Announced 364 5G Devices, Up 86% Over Past Four Months; Important 5G Growth For iQSTEL, Inc. (OTC: IQST).
Not only are announced 5G devices skyrocketing, several governments — including the U.S. — have already scheduled auctions for bandwidth frequencies to jump start the development of 5G networks for quicker internet, big data and self driving vehicles via artificial intelligence. Global Suppliers Association (GSA) August 2020 Report Finds Surge In Announced 364 5G Devices, Up 86% Over Past Four Months; Important 5G Growth For iQSTEL, Inc. (OTC: IQST).
iQSTEL, Inc.’s (OTC: IQST) Financial Gains
The report also spurs the bright future for innovative telecom service providers in the 5G telecommunications landscape such as iQSTEL, Inc.’s (OTC: IQST). This Company has already reported financial gains. iQSTEL, Inc.’s (OTC: IQST) reported a first half YTD 90% volume increase to $16.1 million and Q2 2020 362% spike in net income to $1.2+ million. In addition to its financials, the Company’s strategic acquisitions, positive net income from all operating subsidiaries and alliances with other telecom companies have made 2020 a year of milestones.
iQSTEL, Inc.’s (OTC: IQST) footprint now includes the U.S., Latin America, Mexico, Europe and other global regions. Reported solid financial performance 2020 promises to be a forerunner of more sharp gains ahead. Global Suppliers Association (GSA) August 2020 Report Finds Surge In Announced 364 5G Devices, Up 86% Over Past Four Months; Important 5G Growth For iQSTEL, Inc. (OTC: IQST).
iQSTEL, Inc. (OTC: IQST) 2020 Growth Is Seen As Phenomenal
Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, “Our growth during 2020 has been phenomenal and is attributed to our focus on strong carrier agreements and strategic subsidiary acquisitions. While COVID-19 has significantly impacted the global economy, we have seen our revenues continue to increase as we facilitate connectivity across the telecom marketplace. The re-opening of various global economies has further increased these beyond expectations. Our subsidiaries shine as success stories, even at this early stage, as was seen in our recent release detailing their individual net income.”
The Company’s Strategy Of Combining Acquisitions With Organic Corporate Growth Works Delivers Performance
Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, “The tremendous growth we have seen in 2020 continues despite COVID-19’s global economic impact. Further proof that our business model, a combination of corporate growth and acquisitions, is working very well. 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.”
iQSTEL, Inc.’s (OTC: IQST) First Half YTD 90% Volume Increase To $16.1 Million And Q2 2020 362% Spike In Net Income To $1.2+ Million Sets Stage For Full Year 2020 Gains
iQSTEL, Inc. (OTC: IQST) reported sharp jumps in both volume and net income in 2020. Sales jumped by 90% to $16.1 million for the first half YTD 2020 and it reported a 362% spike in net income to $1.2+ Million for Q2 2020. All operating subsidiaries of the 21st Century enhanced telecommunications service provider generated positive net income for the parent Company. These subsidiaries included: Etelix, SwissLink, QGlobal and IoT Labs. All showed a positive net income for the Q2 2020 reporting period.
Management Of iQSTEL, Inc. (OTC: IQST) Cites Strategic Subsidiary Acquisitions
iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries
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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