iQSTEL
Sees Revenues Surpass $50M with Acquisition of Austin-based SMS
Service Provider Company
NEW
YORK, NY --
April 14, 2020 -- InvestorsHub NewsWire -- iQSTEL
Inc.
(OTC:
IQST) announces the execution of a 51% acquisition agreement
for an Austin-based US-Mexico SMS service provider.
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, CEOiQSTEL´s,
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.
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