iQSTEL, Inc.’s QGlobal SMS Subsidiary Enters Into Preliminary Acquisition Agreement For SMSDirectos, Telecommunications Provider In Colombia
iQSTEL, Inc. (OTC: IQST) today (April 28, 2020) announces that its Miami-based QGlobal SMS subsidiary has entered into a preliminary acquisition agreement for 100% of the capital stock of Alcyon Cloud SMS S.A.S., commercial brand SMSDirectos.com, a Colombian-based application and content provider serving the retail and commercial markets. It marks the first move by iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS into the Latin American end-user markets.
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iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS Subsidiary Enters Into Preliminary Acquisition Agreement For SMSDirectos, Telecommunications Provider In Colombia
SMSDirectos.com offers services to government enterprises, small and medium businesses, as well as end-users. The company is registered with the Secretary of Information and Communication Technology (ICT) in Colombia. It serves Latin American countries including Venezuela, Mexico, El Salvador, Brazil, Guatemala and Uruguay, its website says. iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS Subsidiary Enters Into Preliminary Acquisition Agreement For SMSDirectos, Telecommunications Provider In Colombia.
iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS Subsidiary Plans To Expand Services
iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS subsidiary, using its existing network, plans to expand services from SMS into more omni-channel products and services. These include: SMS, emails, RCS (Rich Communications Services), Social Media Channnels, such as What’s Up, Messenger), WebRTC (Web Real Time Communication), VoIP (IP-PBX SIP Trunking), ChatBots (Artificial Intelligence Based) SMS to email and email to SMS.
Acquisition Strategically Positions QGlobal SMS For Long Term Growth In Latin America
The SMSDirectos transaction positions QGlobal SMS for long term growth in Latin America, the company said. Colombia, according to research site Statista Research, had more than 65+ million mobile phone market subscribers in 2019. It is seen as the gateway to the Latin American mobile phone market region of more than 500 million users, the company reported.
Mr. Iglesias, CEO of iQSTEL, Inc.(OTC: IQST), said, “This acquisition will mark QGlobal SMS’ first foray into Latin America end-user markets. Colombia is just the start of QGlobal SMS’ business growth. We have already begun working on SMSDirectos’ retail business expansion, aiming for 35% of EBITDA. The implementation of omni-channel products will expand SMSDirectos’ revenues with a 1st year target of $300K.”
He added, “We are expanding QGlobal SMS’ product lines to include high earning Telecom Enhanced Products enabling faster market penetration across the Latin American markets.” iQSTEL, Inc.’s (OTC: IQST) QGlobal SMS Subsidiary Enters Into Preliminary Acquisition Agreement For SMSDirectos, Telecommunications Provider In Colombia.
iQSTEL Inc. (OTC: IQST) Aggressively Growing Its Telecommunications Network
iQSTEL Inc. (OTC: IQST) announced last week its 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 and places its QGlobal SMS brand deeper into the $100 billion SMS market.
iQSTEL Inc. (OTC: IQST) A 21st Century Telecom Enhanced Service Provider
Mr. Iglesias said the prior acquisition was “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.”
Here Comes Quick-Growing iQSTEL, Inc. (OTC: IQST)
The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) 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). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It 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. And last week it acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. That transaction raised iQSTEL’s annual volume by $29 million.
Source: Stock Market Press
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