The rollout of 5G wireless networks and 5G-capable devices is one of the largest near-term growth trends in the tech world. Wireless providers are already testing and rolling out 5G networks, which allow for faster, higher-quality internet connections, greater global connectivity, increased capacity for advanced connected software applications and less latency for users.
Major players covered in the industry are Hut 8 Mining Corp. (TSX:HUT), Plaid (NASDAQ:PLDIF) & OneConnect Financial Technology Co. Ltd (TSX:OCFT)
On Dec. 21, 2021 iQSTEL (OTCQX:IQST) announced the continued publication of regular updates from the CEO, Leandro Iglesias, in conjunction with the company’s ongoing initiative to up-list on to Nasdaq. The CEO’s latest letter to shareholders stated “First, I want to confirm the strategic investment deal in excess of $50 million and approved by our independent Board of Directors (BOD) remains on track. I still anticipate the transaction finalizing before the end of the year. This week I am pleased to share with you the latest on our 2022 forecast. We have already announced a preliminary forecast of $80 million based on the expectations of our telecommunications business alone. We have now completed our forecasting for all business lines and our BOD has approved a $90 million 2022 net income positive revenue forecast for all our operations combined.” The letter can be read in its entirety here https://finance.yahoo.com/news/iqst-iqstel-announces-2022-net-141900672.html
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