The Next Telecom Boom Is Here As Can Be Seen With Forthcoming Incredible 5G Stock Growth
We are at the cusp of 5G stock growth with major domestic and international network upgrades and roll-outs. All across the globe, telecom companies have just launched, or are preparing to launch, 5G networks. The initial phase had been in inner city areas, the first test areas, but now that the technology has been proven, the next phase has begun. With demand through the roof, expansion to more cities as well as suburbs and rural areas is ramping up. All this expansion requires new infrastructure, providing for plenty of 5G stock growth.
iQSTEL Inc. (OTC: IQST) is one such company in the 5G arena that is providing the much needed infrastructure to Europe and Latin America. They just announced the addition of Jose Antonio Abdo, a specialist with over 30 years in telecommunications sales and business development, as an advisor to the board of directors. Jose Antonio Abdo comes from major telecom players including AT&T (NYSE: T).
Tickers: iQSTEL Inc. (OTC: IQST), Verizon Communications Inc (NYSE: VZ), AT&T (NYSE: T), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL)
Stock Market Press is a leading financial news company that delivers up to date news. This weeks snapshot of the 5G market includes iQSTEL Inc. (OTC: IQST) adding 5G infrastructure expert Jose Antonio Abdo, Verizon Communications Inc (NYSE: VZ) share buyback authorized, AT&T (NYSE: T) 5G expansion in Massachusetts, Motorola Solutions, Inc. (NYSE: MSI) Q4 earnings beat, and China Mobile Limited (NYSE: CHL) extensive 5G build-out around urban hospitals to benefit remote medical robots/monitoring.
Recent news from iQSTEL Inc. (OTC: IQST) subsidiaries completing their best revenue year to date and the addition of Jose Antonio Abdo, is indicative of their positioning for rapid 5G growth throughout Europe and Latin America. Etelix ( http://www.etelix.com/ ) posted $16.3 Million in 2019 revenues and SwissLink Carrier AG ( https://www.swisslink-carrier.com/ ) netted $5.6 Million for the same period.
Being a more nimble company, iQSTEL Inc. (OTC: IQST) is positioned well to take advantage of the 5G roll-out, both on the carrier side as well as the infrastructure side. Less internal ‘red tape’ allows them to secure infrastructure deals quickly in areas that other providers may be slow to procure. iQSTEL Inc. (OTC: IQST) already has infrastructure services including submarine fiber optic network, satellite communication services, Internet of Things (IoT) technology solutions, Blockchain solutions and more. iQSTEL Inc. (OTC: IQST) is one company investors should look to for 5G stock growth. Visit their website for further details http://www.iqstel.com/
Source: GSMA Intelligence forecast for 2020 5G growth
From iQSTEL Inc. (OTC: IQST)’s latest press release: Mr. Jose Antonio Abdo is well known throughout Central and South America, closing major telecommunications infrastructure development contracts with local and international companies. His expertise in sales and business development including Tier 1, submarine cable, ISP and CATV operators will position iQSTEL, Inc. for major expansion across the region.
Mr. Iglesias, the Company’s CEO stated: “The joining of Jose Antonio Abdo as an Advisor to the Board is a pivotal point for the Company’s organic growth and acquisition strategy in the 5G infrastructure space, particularly in Latin America. Mr. Abdo brings over 30 years of Senior-Level Executive Experience from such infrastructure giants as Global Crossing, AT&T (NYSE: T) and others. His expertise in submarine cable and Backhaul is unrivaled in the region. During his tenure with these world-class companies, he has led infrastructure acquisitions, deployments, and carrier sales teams through many types of projects.”
“Mr. Abdo’s experience will play a key role in sourcing new 5G infrastructure investment and acquisition opportunities for the Company. With the advent of IoT (Internet of Things) and the ever-increasing demand for multimedia services, it is clear that 5G infrastructure will be a major source of growth in the coming years. Mr. Abdo’s incorporation will put iQSTEL in a key position to be a major player in Latin America,” Mr. Iglesias, the company’s CEO, continued.
IoT end-user spending is projected to surpass $1.5 Billion by 2025 (Statista.com) and the supporting infrastructure deployment will provide significant revenue generating opportunities for iQSTEL, Inc.” (OTC: IQST)
China Mobile Limited (NYSE: CHL) stock has seen some wild moves with the uncertainty of the Coronavirus outbreak that is affecting China and the world. With the population being limited in their direct exposure, mobile phone usage is likely to see a strong increase, providing increased bottom line Q1 numbers.
Strong revenues, 5G roll-out and pent up demand for 5G speeds, Verizon Communications Inc (NYSE: VZ) is positioned well to see their stock price increase with the addition the share repurchase program just announced.
Beating Q4 earnings estimaes sent shares of Motorola Solutions, Inc. (NYSE: MSI) up almost $10 on Friday last week. Looks like a stellar year ahead here.
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