#Tech News: iQSTEL, Inc. (OTC: $IQST) announces Record Breaking Year of
Revenue for Subsidiary Etelix
NEW YORK, NY, January 23, 2020 – (Investorideas.com Newswire) iQSTEL Inc. (OTC: IQST) announces record breaking year for its wholly owned subsidiary
Etelix.
Read
this news featuring IQST in full at https://www.investorideas.com/news/2020/technology/01231iQSTEL.asp
Mr.
Iglesias, the Company’s CEO stated: “The growth of our main and wholly-owned
subsidiary Etelix continues to grow organically, well within the Company’s
estimates. For the FY-2019 the Company
finished with $16,327,870, an increase of 18.5% versus FY-2018.
The
main drivers for this growth have been excellent operational execution, as well
as our continued quest for better pricing for our clients. The Company is now finalizing the final
quarter revenue and operating profit for our recently acquired European
subsidiary, Swisslink, which once consolidated will increase the Company’s
consolidated revenue and operating profit considerably. We expect to have final revenue numbers in
the coming March. Based on our
excellent continued level of execution, we expect revenue and operating profit
for our consolidated VoIP business to continue on a very robust growth rate
through 2020 and the coming years”.
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 International
Long-Distance voice services for Telecommunications Operators (ILD Wholesale),
and Submarine Fiber Optic Network capacity for internet (4G and 5G). Etelix was
founded in 2008 and has been profitable since inception.
About
SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is a
51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a Switzerland based
international Telecommunications Carrier founded in 2015 providing
international VoIP connectivity worldwide, with commercial presence in Europe,
CIS and Latin America. SwissLink Carrier AG is a Swiss licensed Operator,
having a domestic Interconnect with Swisscom, allowing their international
Carrier Customers direct terminations via SwissLink into all Switzerland Fix
& Mobile Networks. Since the takeover from Swissphone in November 2018 and
the rename into SwissLink, they operate on a profitable level.
Safe
Harbor Statement: Statements in this news release may be "forward-looking
statements". Forward-looking statements include, but are not limited to,
statements that express our intentions, beliefs, expectations, strategies,
predictions or any other statements relating to our future activities or other
future events or conditions. These statements are based on current expectations,
estimates and projections about our business based, in part, on assumptions
made by management. These statements are not guarantees of future performance
and involve risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and are likely to, differ
materially from what is expressed or forecasted in forward-looking statements
due to numerous factors. Any forward-looking statements speak only as of the
date of this news release and iQSTEL Inc. undertakes no obligation to update
any forward-looking statement to reflect events or circumstances after the date
of this news release.
iQSTEL
Inc.
Source: iQSTEL Inc.
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