iQSTEL, Inc. Signs $25 Million Investment Banking Agreement To Assist In Sourcing Capital For 5G Investments
iQSTEL, Inc. (OTC: IQST) has signed a $25 million agreement with a New York-based investment banking firm to assist in sourcing capital for 5G infrastructure acquisitions and investments, iQSTEL, Inc. CEO, Leandro Iglesias, announced today (March 5, 2020). iQSTEL, Inc. (OTC: IQST) offers a wide array of services to the telecommunications industry such as Internet of Things (IoT) technology solutions and Submarine Fiber Optic Network capacity for 5G.
Media companies such as Stock Market Press are reporting on the fast growing 5G telecommunications market. It keeps readers up to date on 5G company stocks 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.
iQSTEL, Inc. (OTC: IQST) Signs $25 Million Investment Banking Agreement To Assist In Sourcing Capital For 5G Investments
The agreement names the investment banking firm as placement agent and financial advisor for up to $25 million for 5G infrastructure acquisitions and investments. iQSTEL, Inc. (OTC: IQST) must meet a number of terms and conditions which it believes are reasonable and attainable. The investment banking firm has almost 150 retail brokers in 10 offices across the East Coast, the company said.
iQSTEL, Inc. (OTC: IQST) Launches An Aggressive Acquisition Program
Leandro Iglesias said of the agreement, “We are pleased to establish this relationship with such a prestigious firm, which validates our business plan. We expect the assistance of this well-established investment banker which will accelerate our growth. We have launched an aggressive acquisition program, beginning due diligence on several acquisition targets.” iQSTEL, Inc. (OTC: IQST) signs $25 million investment banking agreement to assist in sourcing capital for 5G investments. 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.
The agreement will enable iQSTEL, Inc. (OTC: IQST) to continue its aggressive expansion program by acquisition and investment in 5G infrastructure and solution firms. It is already a leader in offering to the telecommunications industry Submarine Fiber Optic Network capacity, Satellite Communications services, Internet of Things (IoT) technology, Blockchain solutions, Mobile Virtual Network Operator (MVNO) services, and more. iQSTEL, Inc. (OTC: IQST) signs $25 million investment banking agreement to assist in sourcing capital for 5G investments.
iQSTEL Inc. (OTC: IQST) Will Play An Important Role In 5G
5G will play a global impact role in the future of telecommunications, affecting everything from quicker internet, faster SmartPhones and business digital speed. iQSTEL Inc. (OTC: IQST) will play an important role in the 5G telecommunications industry. Allied Marketing Research estimates that the 5G market will be greater than $5.5 billion in 2020 with a CAGR growth rate of 122% from 2021-2026. iQSTEL Inc. (OTC: IQST) is well positioned throughout Latin America and Europe to take full advantage of this fast-growing industry. iQSTEL, Inc. (OTC: IQST) signs $25 million investment banking agreement to assist in sourcing capital for 5G investments.
iQSTEL Inc. (OTC: IQST) Adds Subsidiaries In Telecommunications Industry
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. The parent company already has wholly-owned, 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 also 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.
iQSTEL Inc.’s (OTC: IQST) Jump In 2019 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.
Through its growing number of subsidiaries, iQSTEL Inc. (OTC: IQST) will impact how 5G 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.
Source: Stock Market Press
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