iQSTEL Inc. Acquires 51% Of U.S.-Mexico SMS Service Provider, Pushing Its Combined Rev-enues To Over $50 Million Annually
iQSTEL Inc. (OTC: IQST) today (April 14, 2020) announced the acquisition of 51% controlling interest in an Austin, Texas-based U.S.-Mexico SMS service provider. The transaction adds $29 million to the current annual revenues of iQSTEL, pushing it to over $50 million. It drives the iQSTEL Inc. (OTC: IQST) SMS business, under the QGlobal SMS brand, to generate 60% of the company’s annual sales in the $100 billion SMS market.
Media companies such as Stock Market Press are reporting on the fast growing 5G telecommunications market. It keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS) and Ericsson (NASDAQ: ERIC) in 5G. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
iQSTEL Inc. (OTC: IQST) Acquires 51% Of U.S.-Mexico SMS Service Provider, Pushing Its Combined Revenues To Over $50 Million Annually
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “Our QGlobal SMS brand will surpass 700 million SMS transactions per year with this acquisition, expanding our operating regions to include: U.S.-Mexico, Latin America, EMEA (Europe, Middle East, Asia), and Africa.” iQSTEL Inc. (OTC: IQST) Acquires 51% Of U.S.-Mexico SMS Service Provider, Pushing Its Combined Revenues To Over $50 Million Annually.
He added, “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 and 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.” iQSTEL Inc. (OTC: IQST) Acquires 51% Of U.S.-Mexico SMS Service Provider, Pushing Its Combined Revenues To Over $50 Million Annually.
Mr. Francisco Bunt is CEO/COO of the Austin-based SMS service provider subsidiary of iQSTEL Inc. (OTC: IQST). He said, “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.” iQSTEL Inc. (OTC: IQST) Acquires 51% Of U.S.-Mexico SMS Service Provider, Pushing Its Combined Revenues To Over $50 Million Annually.
5G: Here Comes iQSTEL, Inc. (OTC: IQST)
iQSTEL Inc. (OTC: IQST) is aggressively growing its network of telecommunications subsidiaries to make itself a one-stop-shop and offer a wide range of cloud-based enhanced services. It wholly-owns, Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). Additionally, it owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It also owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. Recently, it added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain LLC, a blockchain technology developer.
Source: Stock Market Press
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