#SMS & #Telecom #Stock Update: iQSTEL, Inc. (OTC: $IQST) Sees
Revenues Surpass $50M with Acquisition of Austin-based SMS Service Provider
Company; @IQstel
NEW YORK, NY
April 15, 2020 - (Investorideas.com Newswire )- 5G/ Telecom Stock News - iQSTEL Inc.
(OTC: IQST) announces the
execution of a 51% acquisition agreement for an Austin-based US-Mexico SMS
service provider.
Read this news
featuring IQST in full at https://www.investorideas.com/news/2020/technology/04151OTCIQST-Revenues-Acquisition.asp
This acquisition increases iQSTEL’s combined
revenues to over $50M, adding $29M to the current business of iQSTEL. Our SMS
business, under the QGlobal SMS brand, will make up 60% of iQSTEL yearly
revenues in the burgeoning $100B SMS market.
“Our QGlobal SMS brand will surpass 700 million SMS
transactions per year with this acquisition, expanding our operating regions to
include: US-Mexico, Latin America, EMEA (Europe, Middle East, Asia), and
Africa” commented Mr. Iglesias, iQSTEL´s CEO.
“I am pleased to join Mr. Iglesias and the
wonderful team at iQSTEL. Our company is set for significant growth this coming
year and iQSTEL’s existing business, and industry connections, will facilitate
a more rapid expansion across the SMS business for the carrier, corporate and
enterprise markets.” said Mr. Francisco Bunt, CEO/COO of the Austin-based SMS
service provider subsidiary of iQSTEL.
Mr. Iglesias, iQSTEL´s
CEO, continued “We welcome Mr. Francisco Bunt to our network of companies.
This acquisition is in line with our transformation of iQSTEL into a 21st
Century Telecom Enhanced Service Provider. Our strategy at iQSTEL is to build a
very strong portfolio of high tech solutions: Domestic and International Long
Distance (VoIP); SMS service provider (A2P & P2P); 4G & 5G
international fiber-optic connectivity; Internet of Things (IoT) Applications;
and Blockchain-based platform applications. We are preparing iQSTEL for an
expansive 2020 outlook and beyond.”
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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