#Tech Stock Acquisitions in the News: iQSTEL, Inc. (OTC: $IQST) Executes
Acquisition of Revenue Generating SMS-Carrier Assets-Forms New JV for SMS
Business for Wholesale Carrier and Corporate Solutions; @IQstel
NEW YORK, NY, February 13, 2020 - (Investorideas.com
Newswire )- Breaking Tech Stock News - iQSTEL Inc. (OTC: IQST) today announced the
execution of an acquisition agreement for an SMS Business. A new 51% owned JV
is being created for this business acquisition.
Read this news
featuring IQST in full at https://www.investorideas.com/news/2020/technology/02131iQSTEL-Acquisitions.asp
The SMS market is primarily made up of 3 areas: App-to-Person
(A2P), Person-to-Person (P2P) and cloud-based services for corporate clients.
The global market sees 5 billion people using SMS messaging according to
SlickText. By 2025 that number is expected to hit 6 billion with the driving
force of 5G deployment. China, USA, Japan and most of Europe are the dominant
markets with Latin America close behind.
Mr. Iglesias, the Company’s CEO stated: “With this acquisition,
iQSTEL now has the IT and carrier agreements to officially launch its SMS
business. The acquisition is inclusive of current carrier contracts that
currently generate approximately $600,000 per year, thus will be accretive to
revenue from day 1. This additional technology will be cross-sold with iQSTEL’s
current carrier base, and increased inventory, allowing for a projected annual
revenue rate of $6 million within 9-12 months. The name of the new company will
be QGlobal SMS.”
“The SMS market as a whole provides for an increased margin over
VOIP services, thereby providing for a strong return to the company. A2P
(App-to-Person) continues to grow as this is the two factor authentication
service that many people and companies (Microsoft, Facebook, banks, etc) are
now using in addition to username/passwords. Security is an important component
to the global economy and this acquisition allows iQSTEL
Inc. (OTC: IQST) to not only benefit revenue wise, but to bring this added
security layer to Latin America and other countries,” concluded Mr.
Iglesias, the Company’s CEO.
Companies are shifting their communications from phone/voice and
email to SMS as statistics show the majority of people prefer SMS over phone or
email contact, in addition to responding faster. An added benefit is all phones
support SMS for two factor authentication (A2P) bypassing any app compatibility
issues. The A2P market is currently exploding as seen in the MobileSquared
chart.
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.
IR US Phone: 646-740-0907, IR Email:
investors@iqstel.com
Source: iQSTEL Inc.
Paid
news Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news,
articles and equity research as well as creates original content, including
video, interviews and articles. Original content created by investorideas is
protected by copyright laws other than syndication rights. Our site does not
make recommendations for purchases or sale of stocks, services or products.
Nothing on our sites should be construed as an offer or solicitation to buy or
sell products or securities. All investing involves risk and possible losses.
This site is currently compensated for news publication and distribution,
social media and marketing, content creation and more. Disclosure is posted for
each compensated news release, content published /created if required but
otherwise the news was not compensated for and was published for the sole
interest of our readers and followers. Contact management and IR of each
company directly regarding specific questions. Disclosure : this news release
featuring iQSTEL Inc. (OTC: IQST)
is a paid for news release on Investorideas.com https://www.investorideas.com/News-Upload/
More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more
about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com Global investors
must adhere to regulations of each country. Please read Investorideas.com
privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About
Investorideas.com
Sign up for free
stock news alerts at Investorideas.com
No comments:
Post a Comment