U.S. Reinforces Commitment To U.S. Based Suppliers Of Electrical Components, 5G Tele-communications Firms As Trump Limits Role Of Foreign Companies
President Trump signed an executive order last week that reinforces the administration’s strategy of favoring domestic electrical firms — and earlier said he favored American-based telecommunications 5G firms — and limiting the role of buying foreign supplied components for the nation’s electrical grid. Earlier he made clear that he wanted to keep foreign firms, such as China’s Huawei, away from the priority of the U.S. building its own 5G telecommunications network free from foreign influence.
Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on 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) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( (OTC: HVBTF) and Long Blockchain Corp. (OTC: LBCC). Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
U.S. Reinforces Commitment To U.S. Based Suppliers Of Electrical Components, 5G Telecommunications Firms As Trump Limits Role Of Foreign Companies
The administration made clear it favors U.S.-based companies for their components in maintaining and building the electrical grid. Earlier Trump had made clear that he also prioritizes American firms and their components in the building of a 5G telecommunications network in America. As telemedicine, online conferences and digital schooling have soared during the COVID-19 pandemic, 5G faster internet is seen as a necessity, not a luxury. iQSTEL, Inc. (OTC: IQST) is in a prime position to participate in the building of a 5G telecommunications network in the U.S. due to its numerous American-based subsidiaries. U.S. Reinforces Commitment To U.S. Based Suppliers Of Electrical Components, 5G Telecommunications Firms As Trump Limits Role Of Foreign Companies.
iQSTEL, Inc. (OTC: IQST) Grows Regionally And In Telecommunications Services
iQSTEL, Inc. (OTC: IQST) has several American-based subsidiaries in telecommunications, and is expanding both regionally and in offering sophisticated products within the industry. It wholly owns 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 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 acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. That transaction raised iQSTEL’s annual volume by $29 million to some $50 million, including the annual revenues from the three U.S.-based companies. U.S. Reinforces Commitment To U.S. Based Suppliers Of Electrical Components, 5G Telecommunications Firms As Trump Limits Role Of Foreign Companies.
iQSTEL, Inc.’s (OTC: IQST) Miami-based QGlobal SMS Subsidiary Expanding Its Influence To Latim America, Mexico
Now iQSTEL Inc. is further expanding its influence to Latin America and Mexico. Last week, iQSTEL, Inc.’s (OTC: IQST) Miami-based QGlobal SMS subsidiary entered into a preliminary acquisition agreement for 100% of the capital stock of Alcyon Cloud SMS S.A.S., commercial brand SMSDirectos.com, a Colombian-based content provider serving the retail and commercial markets. It marks the first move by iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS American-based subsidiary into the Latin American end-user markets.
iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS Subsidiary Enters Into Preliminary Acquisition Agreement For SMSDirectos, Telecommunications Provider In Colombia
SMSDirectos.com offers services to government enterprises, small and medium businesses, as well as end-users. The company is registered with the Secretary of Information and Communication Technology (ICT) in Colombia. It serves Latin American countries including Venezuela, Mexico, El Salvador, Brazil, Guatemala and Uruguay, its website says. i
iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS Subsidiary Plans To Expand Services
iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS subsidiary, using its existing network, plans to expand services from SMS into more omni-channel products and services. These include: SMS, emails, RCS (Rich Communications Services), Social Media Channnels, such as What’s Up, Messenger), WebRTC (Web Real Time Communication), VoIP (IP-PBX SIP Trunking), ChatBots (Artificial Intelligence Based) SMS to email and email to SMS.
Acquisition Strategically Positions QGlobal SMS For Long Term Growth In Latin America
The SMSDirectos transaction positions Miami-based QGlobal SMS for long term growth in Latin America, the company said. Colombia, according to research site Statista Research, had more than 65+ million mobile phone market subscribers in 2019. It is seen as the gateway to the Latin American mobile phone market region of more than 500 million users, the company reported.
Mr. Iglesias, CEO of iQSTEL, Inc.(OTC: IQST), said, “This acquisition will mark QGlobal SMS’ first foray into Latin America end-user markets. Colombia is just the start of QGlobal SMS’ business growth. We have already begun working on SMSDirectos’ retail business expansion, aiming for 35% of EBITDA. The implementation of omni-channel products will expand SMSDirectos’ revenues with a 1st year target of $300K.”
He added, “We are expanding QGlobal SMS’ product lines to include high earning Telecom Enhanced Products enabling faster market penetration across the Latin American markets.” iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS Subsidiary Enters Into Preliminary Acquisition Agreement For SMSDirectos, Telecommunications Provider In Colombia.
iQSTEL Inc. (OTC: IQST) A 21st Century Telecom Enhanced Service Provider
Mr. Iglesias said the prior acquisition was “In line with our transformation of iQSTEL into a 21st Century Telecom Enhanced Service Provider. Our strategy at iQSTEL is to build a very strong portfolio of high tech solutions: Domestic and International Long Distance (VoIP), SMS service provider (A2P & P2P), 4G and 5G international fiber-optic connectivity, Internet of Things (IoT) Applications and Blockchain-based platform applications. We are preparing iQSTEL for an expansive 2020 outlook and beyond.”
Source: Stock Market Press
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