iQSTEL (OTC: IQST) sees 'aerial' feature as a key aspect of Central American Fiber Optic Network Acquisition Target

iQSTEL Sees ‘Aerial’ Feature As A Key Aspect Of Central American Fiber Optic Network Acqui-sition Target

Posted March 10, 2020

In NASDAQ: ERIC, NASDAQ: QCOM, NASDAQ: QRVO, NASDAQ: SWKS, NASDAQ:TMUS, NYSE: CHL, NYSE: MSI, NYSE: S, NYSE: T, NYSE: VZ, OTC: IQST

iQSTEL (OTC: IQST) sees the ‘aerial’ feature of the central american fiber optic network acquisition target as one of its key cost-savings advantages versus its own submarine cables. It sees the 2,300 miles of fiber optic networks over 4,500 high voltage electrical towers from Guatemala to Panama as offering a competitive advantage. Armed with $25 million in recent acquisition funding from a New York-based investment bank, iQSTEL (OTC: IQST) today (March 10, 2020) announced it has reached the qualification stage in the competition to acquire controlling interest in the non-disclosed company.

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) Sees ‘Aerial’ Feature As A Key Aspect Of Central American Fiber Optic Network Acquisition Target

Mr. 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.

iQSTEL Inc. (OTC: IQST), with the $25 million in recently obtained acquisition funding from a New York-based investment bank, has been invited to submit a Request For Information (RFI) to buy a controlling interest in the 2,300 mile Central American ‘aerial’ fiber optic network company. The name of the acquisition target is being kept confidential at this stage. iQSTEL (OTC: IQST) sees ‘aerial’ feature as a key aspect of Central American Fiber Optic Network Acquisition Target.

iQSTEL (OTC: IQST) Invited To Submit A Request For Information (RFI)

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), iQSTEL (OTC: IQST) is in competition with a group of select large telecom service providers to buy controlling interest in the Central American aerial Fiber Optic Network Company.

iQSTEL’s (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) sees ‘aerial’ feature as a key aspect of Central American Fiber Optic Network Acquisition Target.

Fiber Optic Cable Market Is Projected To Be A $11.67 Billion Market Globally By 2025

The fiber optic cable market opportunity is lucrative, projected to reach $11.67 billion globally by 2025, with a CAGR growth rate of 11.18% from 2013-2025. The fiber optic cable market — reflecting the driving impact of 5G — is profiled in the “Fiber Optic Cable Market 2020 Global Industry” report. 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) sees ‘aerial’ feature as a key aspect of Central American Fiber Optic Network Acquisition Target.

iQSTEL (OTC: IQST) Is A Leading Edge 21st Century Telecommunications Service

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.

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

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.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.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

Bina Murarka

Bina Murarka is a India-based technology reporter for Stock Market Press. A freelance writer who covered tech for various mainstream and financial websites, she writes about everything from small-cap telecommunications companies to the digital economy's impact on financial markets. She graduated from Calcutta University.