In Case You Missed it: 5G Stock News: iQSTEL, Inc.
(OTC: $IQST) Reports Record-Setting $3.5M Consolidated Revenues Year-to-Date; @IQstel
NEW YORK, NY – March 19, 2020 -(Investorideas.com Newswire )- 5G/ Telecom Stock News - iQSTEL Inc. (OTC: IQST) continues with record-setting
revenues, reporting $1,688,206 in February on a consolidated basis, an increase
of 46% over February 2019. Year-to-Date revenues surpass 2019’s $2.5M figure by
39%, totaling $3,546,058.
Read this news
featuring IQST in full at https://www.investorideas.com/news/2020/technology/03191iQSTEL-ConsolidatedRevenues.asp
“5G technology market expected to
reach $667.9 Billion by 2026” according to a recent report by Allied Market
Research. Internet of Things (IoT) demand is growing rapidly, spurring massive
5G technological development, requiring rapid expansion of 5G infrastructure.
Mr. Iglesias, the Company’s CEO
commented: “Our core organic business has seen a 39% YoY revenue growth based
on a combination of new client acquisitions and cross-selling our new European
interconnections to our existing carrier network. We are thrilled to see our
business plan unfolding with such stellar results. The ramp up of the
interconnections agreement with our recently acquired QGlobal SMS, and later in
the year with itsBchain’s blockchain payment platform, will further enhance our
ability to cross-sell ‘in-house’ and expand across European and Latin American
markets.”
About iQSTEL Inc.:
iQSTEL Inc. (OTC: IQST) www.iQSTEL.com
is a Publicly Listed Company in US. iQSTEL is a leading-edge 21st Century
Enhanced Telecommunications Service Provider offering a wide range
of cloud-based enhanced services to the Tier-1 and Tier-2
carriers, enterprise market, as well as the retail market. iQSTEL
through its subsidiaries (www.etelix.com ; www.SwissLink-Carrier.com ; www.QglobalSMS.com ; www.itsBchain.com) offers a
“one-stop-shop” for international and domestic VoIP services, SMS
exchange for A2P and P2P, Internet of Things (IoT) applications, 4G & 5G
international infrastructure connectivity, as well as blockchain-based payment
and phone number mobility platforms to international and domestic Tier-1
carrier for VoIP, SMS, and Data.
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.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is a 51% owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based company founded in 2020 specialized
in international and domestic SMS termination, with emphasis on the
Applications to Person (A2P) and Person to Person (P2P) for Wholesale Carrier
Market and Corporate Market in US. QGlobal SMS has commercial presence in Europe, USA and Latin America. QGlobal SMS has robust
international interconnection with Tier1 SMS Aggregators, guarantying its
customers high quality and low termination rates, over more than 100 countries
worldwide.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a 75% owned subsidiary of iQSTEL Inc. itsBchain is a
blockchain technology developer and solution provider, with a strong focus on
the telecom sector. The company is the final stage of development of a
series of blockchain solutions aimed at using the blockchain ledger and
smart contract solutions to enable more efficiency, quickness in execution and
fraud-prevention in the telco industry. Specifically, the company is
developing a solution that will enable users and carriers to transfer mobile phone
numbers with just a few clicks, allowing users and carriers the ability to
transfer retail users from one mobile carrier to another instantly.
Additionally, the company is finalizing a carrier-grade marketplace solution to
procure payments between carriers for cross-traffic of VoIP, SMS and data
realtime as traffic is crossed between carriers. This marketplace will
allow for instant payment settlement as well as the prevention of fraud between
carriers.
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.
www.iqstel.com ; www.swisslink-carrier.com ; www.etelix.com ; www.qglobalsms.com ; www.itsBchain.com
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