Over the course of the past few weeks, the iQSTEL Inc (OTCMKTS:IQST) stock has been trading within a narrow range and this might just be the right time to start tracking the stock. After all, after trading within a range, a stock can often break out as well.
Earlier in the month, the company announced that its network carrier partnership which was related to its entry into the 5G space is also going to include an equity stake. The company revealed that it acquired a 10% stake in the carrier.
It is a major development for the company considering the size of the operation of the network carrier. The carrier is in charge of a pretty big fiber-optic network that spans several hundred miles. In addition to that, it provides cover to as many as 40 million direct as well as indirect customers in the United States. Investors could consider keeping an eye on iQSTEL over the coming days.