iQSTEL Inc. Will Surpass 700 Million SMS Transactions Annually As It Acquires 51% Of U.S.-Mexico SMS Service Provider
iQSTEL Inc. (OTC: IQST) today (April 14, 2020) announced its acquisition of 51% controlling interest in an Austin, Texas-based U.S.-Mexico SMS service provider. The takeover will mean iQSTEL’s QGlobal SMS brand will surpass 700 million SMS transactions annually with the acquisition. The transaction will give iQSTEL Inc. (OTC: IQST) $50+ million in annual sales, including the addition of $29 million to the annual revenues of iQSTEL — driving it to over $50 million. iQSTEL Inc.’s (OTC: IQST) SMS business, under the QGlobal SMS brand, will surpass 700 Million SMS transactions annually. Now the SMS business under the QGlobal SMS brand will represent 60%+ of the parent company’s annual sales in the $100 billion SMS market.
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iQSTEL Inc. (OTC: IQST) Will Surpass 700 Million SMS Transactions Annually As It Acquires 51% Of U.S.-Mexico SMS Service Provider
Not only will the 51% acquisition of the Austin-based U.S.-Mexico Service Provider boost iQSTEL Inc.’s (OTC: IQST) annual revenues to $50+ Million annually, it will also expand the operating regions of the parent company’s QGlobal SMS brand to include: U.S.-Mexico, Latin America, Europe, Middle East, Asia and Africa, the company said. iQSTEL Inc. (OTC: IQST) Will Surpass 700 Million SMS Transactions Annually As It Acquires 51% Of U.S.-Mexico SMS Service Provider.
iQSTEL Inc. (OTC: IQST Transformation In A 21st Century Telecom Enhanced Service Provider
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), 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 applications We are preparing iQSTEL for an expansive 2020 outlook and beyond.” iQSTEL Inc. (OTC: IQST) Will Surpass 700 Million SMS Transactions Annually As It Acquires 51% Of U.S.-Mexico SMS Service Provider.
Mr. Iglesias said, “Our Global 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) Will Surpass 700 Million SMS Transactions Annually As It Acquires 51% Of U.S.-Mexico SMS Service Provider.
iQSTEL Inc. (OTC: IQST) Aggressively Building A Network Of Subsidiaries
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) Will Surpass 700 Million SMS Transactions Annually As It Acquires 51% Of U.S.-Mexico SMS Service Provider.
iQSTEL, Inc. (OTC: IQST) Adds To Its Growing List Of Subsidiaries
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 interconnections 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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