iQSTEL, Inc. (OTCQX: IQST) Offers Investors A Solid Opportunity As It Creates Metaverse Business Division Platform First To ‘Differentiate’ IQSTEL In Telecommunications Carrier Market, Then To ‘Tie Together’ Its Services In The Telecom Industry Into A ‘Seamless Single Offering’, Including Its Financial And Mobility Solutions, Ubiquitous Communications And Clean Affordability Mobility Within The $61.6 Billion Metaverse
iQSTEL, Inc. (OTCQX: IQST) offers a solid opportunity for investors to participate early in its newly created Metaverse Business Division Platform as it seeks to ‘differentiate’ itself within the Telecommunications Carrier Market, then to ‘tie together’ its multitude of multi-market services within theTelecom industry into a trailblazing ‘seamless single offering’. It would be the first time it would offer a chance for investors to participate in the metaverse. IQST is creating new revenue and profit-making streams with a single met averse package platform in its new Metaverse Business Division. In a trailblazer package it is offering customers in a single seamless package its Financial And Mobility Solutions, Ubiquitous Communications And Clean Affordability Mobility. The Metaverse is valued as a $61.6 billion market today — and growing into a $426.9 billion market by 2027, according to research firm MarketsandMarkets™. This is a marriage of met averse and telecommunications.
Stock Market Press is reporting on the fast growing telecommunications market by keeping readers up-to-date on such company stocks as iQSTEL Inc. (OTC: IQST),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S), Ericsson (NASDAQ: ERIC) in 5G networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
The Metaverse is valued at $426.9 billion by by 2027, MarketsandMarkets™ finds. It says the met averse is growing at a CAGR of 47.2% from its valuation of $61.8 billion it found in 2022. In its new 272 page research report, MarketsandMarkets™ defines the metaverse as a virtual world that technologically includes virtual reality working synchronizing in a real-time scenario. It is characterized by persistent virtual worlds that continue to exist even when the user is not involved. Its augmented reality combines aspects of the digital and physical worlds.
Driving the growth of the metaverse is affordability plus the launch of VR devices in India and China for the masses. Also, electronics companies are playing a role in driving this explosive market — as are smart glasses, smart helmets, VR headsets and MR headsets. Together, they provide ‘six-degree’ freedom for the user, creating realistic looking virtual scenarios to enhance the overall gaming experience.
The new joint venture between IQSTEL and GOTMY is designed to accelerate the launch of a turn-key, ‘White Label’ solution for IQSTEL’s telecommunication customers. Jose Enrique Puente, CEO of GOTMY, has been named CEO of the new Division. IQSTEL develops new profit streams for IQST In 2023 via the met averse. It offers its telecommunications clients a White Label ‘trailblazing’ Metaverse Solution platform.
Leandro Iglesias, CEO of IQSTEL, says “Under Jose’s leadership I expect our Metaverse platform to first differentiate IQSTEL within the telecommunications carrier market.” Iglesias and IQST offers investors a chance to get into met averse telecommunications early — IQSTEL, Inc. (OTCQX: IQST) plans to launch its ‘joint venture Metaverse brand and product’ next quarter as IQSTEL establishes its Metaverse Business Division. This is a significant marriage of met averse and telecommunications — with an impact as big as the internet itself.
Iglesias sees the metaverse as more than virtual reality for gamers. In fact, IQSTEL’s management believes that the Metaverse will become as ubiquitous as the Internet serving as a standardized gateway for all content, products, services and customer support services. The first business objective of the newly formed IQSTEL Metaverse Division, under Puente’s leadership, will be to complete a graphic design upgrade and launch the IQSTEL Metaverse solution next quarter, the Company says.
The JV goal in conjunction with GOTMY is to develop the new met averse division and then to subsequently grow and expand it into becoming the tie that unifies IQSTEL’s telecommunications, financial and mobility solutions into a seamless single offering offering satisfying basic human needs in a modern world: ubiquitous communications, financial freedom and clean, affordable mobility.”
The intention of the IQSTEL-GOTMY joint venture is to provide telecom carriers with a distinctive and immersive customer experience. IQSTEL’s solution for telecom carriers is intended to accommodate all mobile phone users — not just those with high-end VR headsets, the Company said.
Iglesias has a larger vision for the marriage of the telecommunications market with the capabilities of the meta verse. He sees new revenue streams for IQSTEL and a new opportunity for investors to participate — while the met averse is still far from its 2027 size forecast by MarketsandMarkets™. In fact, IQST sees its development as significant as the internet itself.
GOTMY has expanded its personalized live video marketplace and platform offered through an app available for iPhone, Android and PC enabling content creators to host and monetize their online events. For IQSTEL this is a new revenue stream. Also, GOTMY offers a ‘White Label’ Metaverse solution empowering brands, large and small, to host 3D events. In those, participants can interact with the brand and even buy from the brand in an online store. All can be done without downloading any app or using a wallet. That’s another new revenue stream for IQSTEL.
Iglesias of IQSTEL says the new partnership is set to revolutionize the telecommunications industry with a leading, innovative approach to connecting with their customers. He calls it a ‘trailblazing’ solution.
IQST reports a 25% jump in Telecom Division’s $16.4 million (unaudited) revenue YTD through February 28, compared to $13.1 million for the comparable period in 2022. Leandro Iglesias, CEO of IQSTEL, says the Company is already realizing 25% growth YTD through February 28 and its 2023 financial objectives of $105 million 2023 annual forecast organically and meeting its goal of positive consolidated operating income for the entire PubCo are ‘within sight’.
Management of the Company is also confident that IQSTEL is on track to report Positive Consolidated Operating Income in 2023 for the entire PubCo. Operational streamlining and the anticipated benefit from IQSTEL’s newer lines of business will benefit the Company from its Electric Vehicles, Fintech and Internet of Things (IoT) Divisions.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Stock Market Press
110 Wall St.
New York, NY 10005 email@example.com Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press