IQST - This 5G Gained Big in February on Key Development
T-Mobile Us Inc.(NASDAQ: TMUS) outperformed in February rallying 13% even as the broader stock market came under pressure amidst concerns over the spread of the coronavirus. Likewise, Iqstel Inc. (OTC: IQST) continued to outperform having become clear it is well-positioned to benefit as the global fiber optic market expands to $11.67 billion by 2025
A U.S District Court Judge Victor Marrero ruling in favor of the proposed $28 billion merger with Sprint Corp (NYSE: S).was the catalyst that continued to strengthen the stock’s sentiments in the market. In his ruling, the judge blocked a move by some state attorney’s to block the merger.
Stock Market Press are reporting on the fast growing fiber optic telecommunications market.
In his ruling, the judge maintained a merger between Sprint and T-Mobile would not lessen competition in the industry. The fact that Dish Network is likely to rise up to the occasion and become the fourth-largest wireless carrier should help fuel competition, consequently lead to the stabilization of prices in favor of consumers.
State attorneys, as well as other players in the wireless industry, have consistently shown resentment towards the proposed merger over concerns it would reduce competition. A merger of the two would essentially lead to a contraction of the wireless industry that would now have three major players.
iQSTEL Inc’s (OTC: IQST) Fiber Optic Opportunity
Through its Miami based subsidiary, Etelix, iQSTEL Inc. (OTC: IQST) has made a name for itself as a provider of 5G Submarine Fiber optic network capacities. Etelix is already playing a pivotal role in 5G network transmission between the U.S mainland, central, and South America.
In a bid to accelerate growth in the provision of a fiber-optic network, iQSTEL Inc. (OTC: IQST) has inked a strategic partnership with a New York-based investment banking firm. The firm is to assist iQSTEL Inc. (OTC: IQST) in sourcing the much-needed financing that should help strategic fund initiatives as part of the 5G revolution.
Conversely, iQSTEL Inc. (OTC: IQST) has retained the investment banking firm as its placement agent and financial advisor for up to $25 million. The financing should help support iQSTEL Inc’s (OTC: IQST) plans to develop 5G infrastructure acquisition, among other investments. For the company to gain access to the funding, it must meet some terms and conditions.
Source: Stock Market Press
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