iQSTEL, Inc., With Its Recent $25 Million Acquisition Funding, Reaches Qualification Stage To Buy Central American Aerial Fiber Optic Network Company
Armed with $25 million in acquisition funding from a New York-based investment bank, iQSTEL, Inc. (OTC: IQST) today (March 10, 2020) announced it has reached the qualification stage and invited to submit a Request For Information (RFI) to buy a controlling interest in a 2,300 mile Central American fiber optic network company with a potential value of $100+ million. The name of the acquisition target is being kept confidential at this stage.
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). Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
iQSTEL (OTC: IQST), With Its Recent $25 million Acquisition Funding, Reaches Qualification Stage To Buy Central American Aerial Fiber Optic Network Company
iQSTEL (OTC: IQST) joins a elect group of other large telecom companies invited to submit an RFI for a controlling interest in the company. The $25 million acquisition secured by iQSTEL (OTC: IQST) has moved the company from the inquiry stage to the qualification stage, it announced. iQSTEL (OTC: IQST) existing Latin American infrastructure positions the company for a rapid execution of this project, which would add 2,300 miles of fiber optic networks over 4,500 high voltage electrical towers to the company’s service area spanning from Guatemala to Panama. iQSTEL (OTC: IQST), with its recent $25 million acquisition funding, reaches qualification stage to buy Central American aerial fiber optic network company.
Based on the multiphase plans submitted, it is estimated that controlling interest in this fiber optic company is potentially valued at over $100 million, iQSTEL (OTC: IQST) said. Plans call for completion of an intern-connect between Central America, Mexico and U.S. within one year. It also calls for expansion and upgrading of the current 4G network to 5G within six-nine months. iQSTEL (OTC: IQST), With its recent $25 million acquisition funding, reaches qualification stage to buy central american aerial fiber optic network company. iQSTEL (OTC: IQST), with its recent $25 million acquisition funding, reaches qualification stage to buy Central American Aerial Fiber Optic Network Company.
One Of Key Aspects Is The Aerial Network
Leandro Iglesias, CEO of iQSTEL (OTC: IQST), said of the possible transaction, “One of the key aspects of this acquisition in the network is aerial, significantly reducing upgrade and expansion costs compared to our submarine cables. Additionally, with the network run across the electrical towers, it will enjoy a near-monopolistic advantage over any competitors due to the regulatory and significant costs associated with duplicating it. This is a rare find and we are very excited to be a part of developing this under-served region’s network.” 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 fiber optic cable market opportunity is lucrative. The fiber optic cable market is projected to reach $11.67 billion globally by 2025, with a CAGR rate of 11.18% from 2013-2025. The fiber optic cable market — reflecting the driving impact of 5G — is projected in the “Fiber Optic Cable Market 2020 Global Industry” report to reach a volume of $11.67 billion by 2025, driven by a CAGR growth rate of 11.18% from 2013-2025. Fiber optic cables deliver high speed data transmission via light waves, enabling them to transmit either through glass or plastic threads (fibers) at the speed of light. Experts say it is 100 times quicker than 4G. iQSTEL (OTC: IQST), with its recent $25 million acquisition funding, reaches qualification stage to buy Central American Aerial Fiber Optic Network Company.
iQSTEL (OTC: IQST) is a leading edge 21st century enhanced telecommunications service provider offering cloud-based series to Tier-1 and Tier-2 carriers. Through its subsidiaries,
iQSTEL (OTC: IQST) is a one-stop shop provider of Internet of Things (IoT), international and domestic VoIP services, SMS exchange for A2P and P2P, 4G and 5G international infrastructure connectivity and mobility platforms for VoIP, SMS and Data for international and domestic T-1 carrier.
iQSTEL’s (OTC: IQST) Subsidiaries Create A One-Stop-Shop
The parent company has numerous subsidiaries. iQSTEL Inc.’s (OTC: IQST) wholly-owned Miami-based subsidiary, etelix.com USA, LLC, is an American 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). Etelix is a significant factor in the transmissions between the U.S. mainland and Central and South America. iQSTEL (OTC: IQST) also owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. Last week, iQSTEL Inc. (OTC: IQST) added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain LLC, a blockchain technology developer and solution provider. It also owns 51% of Global SMS LLC, a U.S. based company, which has a commercial presence in Europe, U.S., and Latin America with an international interconnection with Tier-1 SMS aggregators.
Source: Stock Market Press
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