iQSTEL Inc. Tweeted It Is Excited To Be Talking To IBM To Support itsBchain Under The Start Up IBM Program
iQSTEL Inc. (OTC: IQST) tweeted yesterday at @IQstel: “We are excited to announce we are talking to IBM to support itsBchain under the Start Up IBM Program” at @IQstel. Yesterday, February 24, 2020, iQSTEL Inc. (OTC: IQST) closed on its purchase of a 75% stake of itsBchain, a blockchain solutions provider. itsBchain plans to develop with iQSTEL subsidiaries in-house telecom blockchain solutions based on blockchain and artificial intelligence (AI) technologies. The IBM Start Up Program offers access with up to $120,000 in technology usage credits plus technology including artificial intelligence (AI), Blockchain, IoT and enterprise-grade IBM Cloud.
Blockchain and 5G developments are in the news daily. Media companies such as Stock Market Press are reporting on the fast growing blockchain 5G telecommunications market. It keeps followers 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), Sprint (NYSE: S) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( (OTC: HVBTF) and Long Blockchain Corp. (OTC: LBCC) in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS),
among others.
iQSTEL Inc. Tweeted It Is Excited To Be Talking To IBM To Support itsBchain Under The Start Up IBM Program
The IBM Start Up Program helps companies bet their products to market faster. The Program is designed to help technology startups realize their own goals in the shortest amount of time. By exercising usage credits companies enrolled can help solve problems and have access to free technology. Firms can launch new cognitive solutions with IBM Cloud, Blockchain, Watson, IoT, AI and Data technology through usage credits made available with the IBM Start Up Program.
The @IQstel tweet celebrated the acquisition of itsBchain 75% equity purchase and that the parent company was excited to be talking to IBM to support itsBchain under IBM’s Start Up Program. Mr. Iglesias, CEO of iQSTEL (OTC: IQST), said that itsBchain “is uniquely position to develop telecom applications based on smart contracts and blockchain technologies.” He added that he believes the synergy between the company’s subsidiaries, as well as its existing clientele, will greatly benefit from the new acquisition. iQSTEL tweeted it is excited to be talking to IBM to support itsBchain under the Start Up IBM program
iQSTEL (OTC: IQST) Acquires 75% of itsBchain, Plans More 5G/Blockchain Solutions
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), says the company sees record revenues and growth for 2020. In January 2020, iQSTEL Inc. (OTC: IQST) reported sales of $1,844,258 on a consolidated companywide basis. Its Etelix subsidiary for the month recorded volume of $1,459,358. Mr. Iglesias, CEO of iQSTEL, said that the Etelix sales for the month represented the highest growth for that company since its inception in 2007. YOY it represented 4% organic growth. The parent company’s volume — including subsidiary SwissLink — jumped 32%.
One reason is that the firm offers a wide array of services in the field: Blockchain solutions, Internet of Things (IoT) solutions, 5G network capacity and Mobile Virtual Network Operator (MVNO) services and more. Mr. Iglesias has been invited for an interview March 25 at NASDAQ Marketsite in Times Square, New York, to discuss the company’s performance and its future plans. It is growing its capabilities with numerous subsidiaries.
QSTEL Inc. (OTC: IQST) has several subsidiaries including wholly-owned Etelix, an American based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). Another is 51% owned SwissLink Carrier AG. SwissLink Carrier AG, which provides international VoIP connectivity worldwide and more. The parent company, including its subsidiaries, reported 2019 sales of near $22 million, an 18.5% jump from the prior year. iQSTEL tweeted it is excited to be talking to IBM to support itsBchain under the Start Up IBM program
itsBchain Is ‘Uniquely Positioned” To Develop Telecom Applications
5G and blockchain are already combining in the telecom industry. The iQSTEL Inc. (OTC: IQST) close yesterday on its purchase of a 75% stake of itsBchain, a blockchain solutions provider, is one example. iQSTEL and its subsidiaries plan to develop in-house telecom blockchain solutions based on blockchain and artificial intelligence (AI) technologies for the carrier, corporate and retail markets.
iQSTEL Inc. (OTC: IQST) Is Seeking Up Listing For Its Common Stock
Based on its growth by acquisition and record revenues, iQSTEL Inc. (OTC: IQST) will seek an up listing of its common stock away from the pink sheets to a higher exchange, Mr. Iglesias said. He added, “Our mid and long-term goals of our Company are very ambitious therefore we need to list in an exchange that can attract the sort of long-term institutional investors for our company due to its solid business and forecast.”
Source: Stock Market Press
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