iQSTEL, Inc.’s (OTCQX: IQST) New Joint Venture In The Metaverse With GOTMY Is A Marriage Of Proven Telecommunications Solutions And New Strategies In Metaverse Marketing; IQST Management Foresees New Revenue Streams And Early Positioning For Itself In What Will Be A $426.9 Billion Market By 2027, Researchers Say
iQSTEL, Inc.’s (OTCQX: IQST) new Joint Venture in the Metaverse with GOTMY is a marriage of proven telecommunications solutions in the financial, mobility and communications fields with the unique opportunities of the virtual reality meta verse. These new strategies in the giant Metaverse means new revenues for IQST from client product branding, special events and ‘white label’ solutions resulting in additional sales for IQST. The Metaverse is valued at $426.9 billion by 2027, MarketsandMarkets™ finds. It says the met averse is growing at a CAGR of 47.2% from its valuation of $61.8 billion in 2022. In its new 272 page research report, MarketsandMarkets™calculates exponential growth. For iQSTEL, Inc.’s (OTCQX: IQST) newly-created Metaverse Business Division, the Company seeks to create new revenue and profit-making streams with a single met averse package platform. Jose Enrique Puente, CEO of GOTMY, has also been named CEO of the new JV Division. The first task next quarter is to complete a graphic design upgrade and launch. This is a special 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.
For financial investors, the metaverse is a virtual world that technologically includes virtual reality synchronizing with the physical world 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. But now it is being married to proven telecommunications solutions. This is a game changer as it applies the merits of proven solutions in financial freedom, clean mobility and unprecedented communications opportunities to the meta verse.
By marrying the virtual reality of the meta verse with real-life solutions in these key areas, IQSTEL and GOTMY together will develop new profit streams for IQST in 2023 via the met averse. Meta verse client branding, client special events and customer online product selling are just some of the new opportunities that lie ahead.
Leandro Iglesias, CEO of IQSTEL, says “Under Jose’s leadership I expect our Metaverse platform to first differentiate IQSTEL within the telecommunications carrier market.” IQSTEL, Inc. (OTCQX: IQST) plans to launch its ‘joint venture Metaverse brand and product’ next quarter as IQSTEL establishes its Metaverse Business Division. This may be as big as the internet itself, IQST’s management believes.
IQSTEL’s management says 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 JV’s goal in conjunction with GOTMY is to develop the new met averse division and then to subsequently grow and expand it into becoming a single ‘seamless tie’ that unifies IQSTEL’s telecommunications, financial and mobility solutions.
The intention of the IQSTEL-GOTMY new 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 sees new revenue streams for IQSTEL and a new early opportunity for investors to participate — while the met averse is still far from its 2027 size forecast by MarketsandMarkets™. 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 these are new revenue streams.
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.
All of this is in addition to the organic-business IQST forecasts for 2023 that may result in meeting its financial objectives of $105 million in 2023 and reaching its goal of positive consolidated operating income for the entire PubCo.
IQST reported a 25% increase 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. That increase is a good omen for IQST’s organic revenue — even prior to its new joint venture meta verse business.
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. Iglesias says the Company’s EV and Fintech divisions are expected to generate new profit streams this year. The Company says its telecommunications division is already profitable.
Source: Stock Market Press
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