iQSTEL previews partnership to accelerate entry into $700 billion 5G market
iQSTEL, Inc., today announced a network carrier partnership under development that could accelerate iQSTEL’s entry into the 5G market estimated to reach a value of $700 Billion by 2025.
iQSTEL has entered partnership discussions with a large network carrier. The target carrier has hundreds of miles of fiber optic network covering a combined 40 million direct and indirect clients and potential clients in America.
iQSTEL is not at liberty at this stage in the developing partnership to disclose the name of the carrier. However, last week, iQSTEL management presented their partnership proposal to the Board of Directors of the target carrier.
“This network would be a key asset for the deployment of iQSTEL’s 5G services,” said iQSTEL CEO Leandro Iglesias. “We are optimistic about a mutually beneficial commercial and network partnership coming together.”
Look for more updates coming over the next several months about this developing strategic partnership.
iQSTEL recently reported $44.9 Million in Audited Revenue for FY-2020, vs. $18.0 Million for FY-2019, representing an increase of 149%. The company anticipates soon reporting Q1-2021 revenue validating a $60.5 million 2021 annual revenue forecast. PR Newswire
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