iQSTEL Reports 46% Jump In February Consolidated Sales, 39% Rise In YTD Volume
As 5G and blockchain innovation impacts telecommunications globally, iQSTEL (OTC: IQST) today (March 18, 2020) reports a 46% jump in consolidated sales for February 2020 and a 39% year-to-date revenue rise compared to one year ago. The company sales in February reached $1,688,206 consolidated including all subsidiaries. It attained a 39% rise when it attained $3,546,058 for year-to-date 2020 compared to $2.5 million the same period in 2019.
Media companies such as Stock Market Press are reporting on the fast growing 5G and blockchain 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) in 5G. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
iQSTEL (OTC: IQST) Reports 46% Jump In February Sales, 39% Rise In YTD Volume
iQSTEL (OTC: IQST) is a 21st century enhanced telecommunications service provider offering a wide range of cloud-based services. It offers 5G and blockchain solutions to carriers in the enterprise, international, domestic and retail markets. Its other features include VoIP series, SMS exchange for A2P and P2P, Internet of Things (IoT) applications, 4G and 5G international infrastructure connectivity and blockchain-based payment and phone number mobility platforms. iQSTEL (OTC: IQST) performance is surging in a 5G technology market projected by Allied Market Research to reach $667.9 billion by 2026. It has spurred rapid expansion of 5G infrastructure. iQSTEL (OTC: IQST) Reports 46% Jump In February Consolidated Sales, 39% Rise In YTD Volume.
Mr. Iglesias, CEO of iQSTEL (OTC: IQST), said, “Our core organic business has seen a 39% YOY revenue growth based on a combination of new client acquisitions and cross-selling our new European interconnections to our existing carrier network. We are thrilled to see our business plan unfolding with such stellar results. The ramp up of the interconnections agreement with our recently acquired QGlobal SMS, and later in the year with itsBchain’s blockchain payment platform, will further enhance our ability to cross-sell ‘in-house’ and expand across European and Latin American markets.” iQSTEL (OTC: IQST) Reports 46% Jump In February Consolidated Sales, 39% Rise In YTD Volume.
Multiple Subsidiaries Make iQSTEL (OTC: IQST) A ‘One-Stop-Shop’
Out of this unprecedented coronavirus crisis, 5G’s speed and application to digital and audio communications will play a significant role. Factories, schools, sporting events, concerts and business conventions have been postponed or canceled due to the coronavirus. Travel internationally has come to a virtual standstill. Digital 5G communications will impact the future of quick remote communications. Blockchain will also revolutionize telecom in the future, especially more recently in smart contracts, international payments between carriers and the prevention of fraud in payments among carriers. iQSTEL (OTC: IQST) Reports 46% Jump In February Consolidated Sales, 39% Rise In YTD Volume.
iQSTEL Inc. (OTC: IQST) Subsidiaries Offer Wealth Of Services
iQSTEL Inc. (OTC: IQST) 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. Recently, it added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain LLC, a blockchain technology developer.
iQSTEL, Inc. (OTC: IQST) Is Primed To Grow In 5G Telecommunications
iQSTEL, Inc. (OTC: IQST) is seeking more 5G-capable companies. With a recent $25 million acquisition fund commitment from a New York-based investment banking firm, it has received an invitation to submit a Request For Information (RFI) from a central American fiber-optic network firm which could lead to a controlling interest in that future 5G company.
That company has an attractive 2,300 mile aerial fiber optic network utilizing 4,500 high voltage electrical towers. It is estimated that this company could be potentially valued at $100+ million as it transitions from 4G to 5G within the next six-nine months. It would interconnect Central America, Mexico and the U.S. within thee years.
Lockdown A Driver For 5G Telecommunications?
The virtual global lockdown caused by the coronavirus may be a driver for 5G and its high speed remote telecommunications offerings. Faster Internet of Things (IoT), SmartPhones and other remote telecommunications — with more people working from home — may be desired with 5G when this worldwide lockdown is over.
The travel industry — hotels and cruises — are almost entirely out of action. Major sports is a non-starter and many companies are asking their employees to work at home. Coronavirus global lockdown may fuel the importance of 5G remote quick telecommunications. The U.S. stock market, as a result of coronavirus, is extremely volatile with 1,000+ point daily swings to be expected. Fifth generation protocol is becoming vital for businesses and citizens alike. The benefits of 5G are becoming visible to all.
Source: Stock Market Press
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