Breaking #Tech #Stock News - iQSTEL, Inc. (OTC: $IQST) announces Swisslink FY-2019 Revenue of $5,610,633
for its First Year of Acquisition
NEW YORK, NY – January 30, 2020 (Investorideas.com Newswire )-
Breaking Tech Stock News - iQSTEL Inc. (OTC: IQST) announces that its 51%
Swiss-based European subsidiary generated over $5.6 million in revenue for 2019.
Read this
news featuring IQST in full at https://www.investorideas.com/news/2020/technology/01301OTCIQST-Swisslink.asp
Mr. Iglesias, the Company’s CEO stated: “The acquisition
strategy we have set out for iQSTEL is showing early success. This vertical acquisition has been key since
it gives us bare-bottom-cost-based voice routing interconnection into European
cities and major carriers we did not previously have. Additionally, we have been able to quickly
implement synergies in our admin, IT and operating departments. This acquisition and integration has been not
only strategic in allowing us to provide cross-selling opportunities with
Etelix, but more importantly we believe it enhances our carrier network
backbone, which we expect to be fundamental as we step up cross-selling
opportunities with soon-to-be-announced services and acquisitions in other
horizontal strategic solutions in the 5G, blockchain-based carrier payment, as
well as DID portability space. Full-year
revenue on an additive basis for both subsidiaries reached $21,938,503 for
2019. We expect organic growth in
these 2 subsidiaries to be in the 20-30% YOY, but more importantly, will be the
backbone of our transitioning into a full-service cloud-based 21st
century communications provider in the near and mid-term.”
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.
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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