#Tech
News - iQSTEL, Inc. (OTC: $IQST) Announces $25 Million Investment Banking Deal
to advance 5G infrastructure acquisitions and
investments; @IQstel
NEW YORK, NY March 6, 2020 (Investorideas.com Newswire )- 5G/ Telecom Stock News - iQSTEL Inc.
(OTC: IQST)
announced today it has signed an investment banking
agreement with a leading New York-based investment banking firm to assist in
sourcing capital. The investment banking firm was founded in the early 1980’s,
is a full-service broker/dealer. The firm has nearly 150 retail brokers in ten
offices across the East Coast.
Read this news featuring IQST in full at https://www.investorideas.com/news/2020/technology/03061iQSTEL-5G-InvestmentBanking.asp
iQSTEL has retained the investment banking firm as placement agent and
financial advisor for up to $25 million for 5G infrastructure acquisitions and
investments. The Company must meet various terms and conditions which it
believes are reasonable and attainable.
5G telecommunications networks are growing rapidly across the globe.
Allied Marketing Research estimates the 5G market size will surpass $5.5B for
2020 with a CAGR of 122% from 2021 to 2026. iQSTEL is well positioned
throughout Latin America and Europe to take full advantage of this growing
industry.
The Company's chairman and chief executive officer, Leandro Iglesias
said, "We are pleased to establish this relationship with such a
prestigious firm, which validates our business plan. We expect the assistance of this well-established
investment banker which will accelerate our growth. We have launched an aggressive acquisition
program, beginning due diligence on several acquisition targets”.
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.
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.
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