iQSTEL Subsidiaries Etelix And SwissLink Return A Combined 20.8 Million Shares, Giving Par-ent Company A Total Of 24 Million Shares Outstanding
It was announced today (April 2, 2020) that to further facilitate corporate growth, the original shareholders of iQSTEL’s (OTC: IQST) subsidiaries, Etelix and Swisslink, have returned a combined total of 20.8 million shares to the parent company. It gives iQSTEL a total of 24 million outstanding shares. The result is that it reduces the iQSTEL outstanding share count by almost 50%.
Media such as Stock Market Press are reporting on the fast growing 5G and blockchain 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 (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 (OTC: IQST) Subsidiaries Etelix And SwissLink Return A Combined 20.8 Million Shares, Giving Parent Company A Total Of 24 Million Shares Outstanding
In the transaction, which took place at a shareholder meeting, Etelix’ and SwissLink’s original shareholder teams approved the return of shares to the parent company as they expressed the move was the best course of action to facilitate corporate growth. Under the guidance of iQSTEL (OTC: IQST) management, both Etelix and SwissLink have achieved record growth. Both companies have long term commitments to iQSTEL and future growth in 5G, Internet of Things (IoT), domestic and international interconnects along with additional technologies and acquisitions. iQSTEL (OTC: IQST) subsidiaries Etelix and SwissLink return a combined 20.8 million shares, giving parent company a total of 24 million shares outstanding.
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “We are very pleased with the significant progress iQSTEL has made over the past few months. As our business plan continues to unfold, teams from both Etelix and SwissLink expressed their belief in iQSTEL’s direction and believe the best course of action is to further facilitate corporate growth with the return of these shares.” iQSTEL (OTC: IQST) subsidiaries Etelix and SwissLink return a combined 20.8 million shares, giving parent company a total of 24 million shares outstanding.
QSTEL, Inc. (OTC: IQST) Is Primed To Grow In 5G Telecommunications
iQSTEL (OTC: IQST) is a 21st century enhanced telecommunications service provider offering a wide range of telecommunications services. It offers 5G and blockchain solutions to carriers in the enterprise, international, domestic and retail markets. Its other features include VoIP series, SMS exchange for A2P and P2P, Internet of Things (IoT) applications, 4G and 5G international infrastructure connectivity and blockchain-based payment and phone number mobility platforms. iQSTEL (OTC: IQST) performance is surging in a 5G technology market projected by Allied Market Research to reach $667.9 billion by 2026.
iQSTEL (OTC: IQST) Reports 46% Jump In February Consolidated Sales, 39% Rise In YTD Volume.
As 5G and blockchain innovation impacts telecommunications globally, iQSTEL (OTC: IQST) reported a 46% jump in consolidated sales for February 2020 and a 39% year-to-date revenue rise compared to one year ago. The company sales in February reached $1,688,206 consolidated including all subsidiaries. It attained a 39% rise when it attained $3,546,058 for year-to-date 2020 compared to $2.5 million the same period in 2019.
iQSTEL (OTC: IQST) Grows On Client Acquisitions And Cross-Selling
Mr. Iglesias of iQSTEL (OTC: IQST), said, “Our core organic business has seen a 39% YOY revenue growth based on a combination of new client acquisitions and cross-selling our new European interconnections to our existing carrier network. We are thrilled to see our business plan unfolding with such stellar results. The ramp up of the interconnections agreement with our recently acquired QGlobal SMS, and later in the year with itsBchain’s blockchain payment platform, will further enhance our ability to cross-sell ‘in-house’ and expand across European and Latin American markets.” iQSTEL (OTC: IQST) subsidiaries Etelix and SwissLink return a combined 20.8 million shares, giving parent company total of 24 million shares outstanding.
Multiple Subsidiaries Make iQSTEL (OTC: IQST) A ‘One-Stop-Shop’
Digital 5G communications will impact the future of quick remote communications. Blockchain will also revolutionize telecom in the future, especially more recently in smart contracts, international payments between carriers and the prevention of fraud in payments among carriers.
iQSTEL Inc. (OTC: IQST) Subsidiaries Offer Wealth Of Services
iQSTEL Inc. (OTC: IQST) has wholly-owned, 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 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.
iQSTEL, Inc. (OTC: IQST) is eying controlling interest in a not named central American fiber-optic network firm which has an attractive 2,300 mile aerial fiber optic network utilizing 4,500 high voltage electrical towers. It is estimated that this company could be potentially valued at $100+ million as it transitions from 4G to 5G within the next six-nine months. It would interconnect Central America, Mexico and the U.S. within thee years.
Source: Stock Market Press
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