Samsung Electronics Co. Ltd.Markets 5G Phones, But Financial Future May Also Be In 5G Equipment And Services, Signs $6.65 Billion Contract Through 2025 To Provide Network Infra-Structure For Verizon; iQSTEL Inc. Sees 5G Future
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Summary
- Samsung Electronics Co. Ltd. (OTC: SSNLF) Markets 5G Phones, But Financial Future May Also Be In 5G Equipment And Services, Signs $6.65 Billion Contract Through 2025 To Provide Network Infrastructure.
Samsung Electronics Co. Ltd. (OTC: SSNLF) may market its high end $2,000 5G Z-Fold SmartPhone, but real 5G money is also in the $6.65 Billion contract it signed to provide 5G infrastructure equipment and services through 2025 to Verizon (NYSE: VZ). The size of that deal enables Samsung Electronics Co. Ltd. (OTC: SSNLF) to grow from its estimated 13% of the 5G global device market with the goal of raising that to 20% worldwide by next year. Those numbers are huge and reinforces the hope by telecommunications firms such as iQSTEL Inc. (OTC: IQST) that 5G is growing and here to stay.
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), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).
Samsung Electronics Co. Ltd. (OTC: SSNLF) Markets 5G Phones, But Financial Future May Also Be In 5G Equipment And Services, Signs $6.65 Billion Contract Through 2025 To Provide Network Infrastructure For Verizon (NYSE: VZ); iQSTEL Inc. (OTC: IQST) Sees 5G Future
Samsung Electronics Co. Ltd. (OTC: SSNLF) Is eyeing a 20% worldwide share in 5G network sales, but the $6.65 billion contract it signed with Verizon (NYSE: VZ) to provide 5G infrastructure equipment, maintenance and service can be the forerunner of future agreements with other worldwide telecommunications providers. Already, Samsung Electronics Co. Ltd. (OTC: SSNLF) has invested and signed some $30 billion in 5G contracts in the U.S. alone, reports say.
To iQSTEL, Inc. (OTC: IQST), Global Demand For 5G Mobile Devices At All Prices Reinforces Strength Of New Telecommunications Market
Apple Inc. (NASDAQ: AAPL) is generating excitement among 5G providers and consumers for the future of 5G. That’s important for firms such as iQSTEL, Inc. (OTC: IQST) which sees its future in 5G faster communications that plays a role in artificial intelligence (AI), blockchain ‘Smart’ Contracts and robotics, self-driving cars and automated factories. iQSTEL, Inc. (OTC: IQST) is growing in financial strength. In the first half of 2020 the Company reported a YTD 90% volume increase to $16.1 million and Q2 2020 362% spike in net income to $1.2+ million. In addition to its financials, the Company’s strategic acquisitions, positive net income from all operating subsidiaries and alliances with other telecom companies have made 2020 a year of milestones to be celebrated.
iQSTEL, Inc.’s (OTC: IQST) footprint now includes the U.S., Latin America, Mexico, Europe and other global regions. Its solid financial performance thus far in 2020 promises to be a forerunner of more sharp gains ahead. Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, “Our growth during 2020 has been phenomenal and is attributed to our focus on strong carrier agreements and strategic subsidiary acquisitions.” He added, “Our subsidiaries shine as success stories, even at this early stage, as was seen in our recent release detailing their individual net income.” Samsung Electronics Co. Ltd. (OTC: SSNLF) Markets 5G Phones, But Financial Future May Also Be In 5G Equipment And Services, Signs $6.65 Billion Contract Through 2025 To Provide Network Infrastructure For Verizon (NYSE: VZ); iQSTEL Inc. (OTC: IQST) Sees 5G Future.
iQSTEL, Inc. (OTC: IQST) Business Model Is Working
The iQSTEL, Inc. (OTC: IQST) 2020 financials represent “further proof that our business model, a combination of corporate growth and acquisitions, is working very well. All of our operating subsidiaries just reached a major milestone, going Net Income positive. Our management experience in Telecom Operations has been key in the achievement of these results. We look forward to fantastic Q3 and Q4’s as we anticipate further corporate and subsidiary developments leading in to 2021,” Mr. Iglesias said. Samsung Electronics Co. Ltd. (OTC: SSNLF) Markets 5G Phones, But Financial Future May Also Be In 5G Equipment And Services, Signs $6.65 Billion Contract Through 2025 To Provide Network Infrastructure For Verizon (NYSE: VZ); iQSTEL Inc. (OTC: IQST) Sees 5G Future.
iQSTEL, Inc.'s (OTC: IQST) First Half YTD 90% Volume Increase To $16.1 Million And Q2 2020 362% Spike In Net Income To $1.2+ Million Sets Stage For Full Year 2020 Gains
iQSTEL, Inc. (OTC: IQST) reported sharp jumps in both volume and net income in 2020. Sales jumped by 90% to $16.1 million for the first half YTD 2020 and it reported a 362% spike in net income to $1.2+ Million for Q2 2020. All operating subsidiaries of the 21st Century enhanced telecommunications service provider generated positive net income for the parent Company. These subsidiaries included: Etelix, SwissLink, QGlobal and IoT Labs. All showed a positive net income for the Q2 2020 reporting period. Samsung Electronics Co. Ltd. (OTC: SSNLF) Markets 5G Phones, But Financial Future May Be In 5G Equipment And Services, Signs $6.65 Billion Contract Through 2025 To Provide Network Infrastructure For Verizon (NYSE: VZ); iQSTEL Inc. (OTC: IQST) Sees 5G Future.
iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries
The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) 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 SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. 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. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application.
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