#Tech
#Stocks Acquisition News: iQSTEL, Inc. (OTC: $IQST) Uses its $25M Acquisition
Funding Towards the Offer for a 2,300 Mile Central American Fiber-Optic Network
Company; @IQstel
NEW YORK, NY – March 11, 2020 (Investorideas.com Newswire )- 5G/ Telecom Stock News - iQSTEL Inc.
(OTC: IQST) is pleased to
announce that it, along with a very select group of large telecom service
providers, has been invited to submit a Request For Information (RFI) to
acquire a controlling interesting in a 2,300 mile aerial fiber-optic network
company.
Read this news featuring IQST in full at https://www.investorideas.com/news/2020/technology/03111iQSTEL-CentralAmerican-FiberOpticNetwork.asp
iQSTEL moved from the inquiry stage to the
qualification stage after receiving the recently announced $25M funding
commitment from a New York-based investment bank. iQSTEL’s existing Latin
American infrastructure and experience positions the Company for the rapid
execution of this project. This acquisition would add 2,300 miles of
fiber-optic networks over high voltage electrical tower (4,500 towers) to the
Company’s growing portfolio, spanning the region from Guatemala to Panama.
The
acquisition of a controlling interest in this fiber-optic network company is
potentially valued at over $100M based upon the multi-phase plans submitted,
including expansion of the existing 4G network and upgrading it to support 5G
within 6-9 months. The multi-phase plan also includes completion of
interconnect between Central America, Mexico and the USA within the year. The name of the acquisition target has been
kept confidential at this stage do to confidentiality agreement executed as
part of the acquisition process.
“One of the key aspects of this acquisition is the
network is aerial, significantly reducing upgrade and expansion costs compared
to our submarine cables. Additionally, with the network run across the
electrical towers, it will enjoy a near-monopolistic advantage over any
competitors due to the regulatory and significant costs associated with
duplicating it. This is a rare find and we are very excited to be a part of
developing this under-served region’s network“, commented Mr. Iglesias,
iQSTEL’s CEO.
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.
IR US Phone:
646-740-0907, IR
Email: investors@iqstel.com
Source: iQSTEL
Inc.
www.iqstel.com ; www.swisslink-carrier.com ; www.etelix.com ; www.qglobalsms.com ;
www.itsBchain.com
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