iQSTEL Completes the Acquisition of Blockchain Solutions Developer itsBchain
February 24 2020 - 8:47AM
InvestorsHub NewsWire
NEW YORK, NY -- February 24, 2020 -- InvestorsHub
NewsWire -- iQSTEL Inc. (IQST) today announced that
it has acquired a 75% stake in itsBchain, a blockchain solutions
provider with a varied portfolio of projects. This will provide
in-house developed telecom blockchain solutions for carrier,
corporate and retail markets.
Mr. Iglesias, the Company’s CEO, stated: “itsBchain is uniquely
positioned to develop telecom applications based on smart contracts
and blockchain technologies. Mobile number portability and carrier
wholesale VoIP, SMS and Data payment solutions are just two of the
projects itsBchain has under development. We believe the synergy
between our subsidiaries, as well as our existing clientele, will
greatly benefit from this new acquisition.”
itsBchain will be headed by Mr. Miguel Scavo as the COO. Mr.
Scavo is a 20-year telecom veteran with extensive experience in the
Latin American and world-wide telecom markets. Additionally, Mr.
Scavo has a Masters in blockchain technology from the Blockchain
Institute of Technology of Barcelona, a school of EADA (https://www.eada.edu/en), including various
blockchain and smart contract specialized courses.
“We are pleased to appoint Mr. Miguel Scavo as COO of itsBchain
as well as the new CIO of iQSTEL, further enhancing the synergy
between our portfolio companies. Mr. Scavo will be helping
itsBchain and iQSTEL develop next-generation blockchain and
Artificial Intelligence (AI) telecom solutions. itsBchain has
several software products completing the alpha testing stage and we
are confident we’ll have beta-ready solutions to offer our Tier-1
carrier clients in the coming days/weeks,” continued Mr. Iglesias,
the Company’s CEO.
About iQSTEL Inc.:
iQSTEL (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.
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
www.iqstel.com, www.swisslink-carrier.com, www.etelix.com, and www.qglobalsms.com
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