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iQSTEL, Inc. Announces $25 Million Investment Banking Agreement
NEW YORK, NY, March 05, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST) announced today it has signed an investment banking agreement
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, NY, March 05, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST) announced today it has signed an investment banking agreement with a leading New York-based investment banking firm to assist in sourcing capital. The investment banking firm was founded in the early 1980’s, is a full-service broker/dealer. The firm has nearly 150 retail brokers in ten offices across the East Coast.\n iQSTEL has retained the investment banking firm as placement agent and financial advisor for up to $25 million for 5G infrastructure acquisitions and investments. The Company must meet various terms and conditions which it believes are reasonable and attainable. 5G telecommunications networks are growing rapidly across the globe. Allied Marketing Research estimates the 5G market size will surpass $5.5B for 2020 with a CAGR of 122% from 2021 to 2026. iQSTEL is well positioned throughout Latin America and Europe to take full advantage of this growing industry. The Company's chairman and chief executive officer, Leandro Iglesias, said, \"We are pleased to establish this relationship with such a prestigious firm, which validates our business plan. We expect the assistance of this well-established investment banker which will accelerate our growth. We have launched an aggressive acquisition program, beginning due diligence on several acquisition targets.” About iQSTEL Inc.: iQSTEL (OTC: IQST) www.iQSTEL.com is a technology company offering a wide array of services to the Telecommunications Industry. These include services to International Long-Distance Telecommunications Operators (ILD Wholesale), Retail and Corporate markets (ILD Retail), Submarine Fiber Optic Network capacity, Satellite Communications services, Mobile Virtual Network Operator (MVNO) services, Internet of Things (IoT) technology solutions, Data Center facilities capacity leasing, and Blockchain solutions for the Telecommunications industry. About Etelix.com USA, LLC: Etelix.com USA LLC www.etelix.com is wholly owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a Miami, Florida-based international telecom carrier founded in 2008 that provides telecom and technology solutions worldwide, with commercial presence in North America, Latin America, and Europe. Enabled by its 214-license granted by the Federal Communications Commission (FCC), Etelix provides Intern...