#Telecom #Stocks in the News: iQSTEL (OTC: $IQST)
Announces Revenue Increase of 20% over 2019's first-quarter; @IQstel
NEW YORK, NY – May 8, 2020 -(Investorideas.com Newswire )- VoIP / Telecom Stock News - iQSTEL
Inc. (OTC: IQST)
is pleased to report strong first-quarter revenues of $4,980,151, an
increase of 20% over 2019’s first-quarter. These figures do not include
revenues from QGlobal SMS, they will be booked in the second-quarter.
Read this news
featuring IQST in full at https://www.investorideas.com/news/2020/technology/05081OTCIQST-Q1-RevenueIncrease.asp
iQSTEL record setting growth
continues for 2020. The completion of the QGlobal SMS subsidiary formation and
recent acquisition have Q2 projections set to surpass $9 million in revenues.
QGlobal SMS revenue, on a yearly basis is estimated at $30 million.
The global mobile VoIP market is
estimated to surpass $140 billion by 2024 according to a recent report by Grand
View Research, Inc. SMS marketing market size continues to grow as another
report by Grand View Research projects 20% CAGR through 2025 for the US alone
as companies switch from traditional marketing methods, reducing costs and
increasing ROIs.
Mr. Iglesias commented: “Our team at
iQSTEL and subsidiaries bring record results again. While the COVID-19
near-global-closure has affected many companies’ ability to operate, we
continue to surpass expectations. Our
business has stayed very strong through the COVID-19 pandemic as many
businesses have expanded their work-from-home strategy, thus boosting
intra-company telco services. Even
though our main clients are carriers, the bulk of the underlying business is
corporate. We expect this trend to
continue in the coming months and even becoming part of the “new normal” we’ll
be seeing as the economy adapts going forward.”
“QGlobal’s business revenue
diversification of 60% SMS and 40% VoIP is proving to be a successful model
with more than 98% of our SMS revenue coming from pre-paid customers.”
concluded 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.
Source: iQSTEL
Inc.
www.iqstel.com ; www.swisslink-carrier.com ; www.etelix.com ; www.qglobalsms.com ; www.itsBchain.com
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