iQSTEL, Inc. Executes Acquisition of Revenue Generating SMS-Carrier Assets; Forms New JV for SMS Business
February 12 2020 - 8:36AM
InvestorsHub NewsWire
iQSTEL, Inc. Executes Acquisition
of Revenue Generating SMS-Carrier Assets; Forms New JV for SMS
Business
NEW YORK, NY -- February 12, 2020 -- InvestorsHub NewsWire --
iQSTEL Inc. (IQST)
today announced the execution of an acquisition agreement for an
SMS Business. A new 51% owned JV is being created for this business
acquisition.
The SMS market is primarily made up of 3 areas: App-to-Person
(A2P), Person-to-Person (P2P) and cloud-based services for
corporate clients. The global market sees 5 billion people using
SMS messaging according to SlickText. By 2025 that number is
expected to hit 6 billion with the driving force of 5G deployment.
China, USA, Japan and most of Europe are the dominant markets with
Latin America close behind.
Mr. Iglesias, the Company’s CEO, stated: “With this acquisition,
iQSTEL now has the IT and carrier agreements to officially launch
its SMS business. The acquisition is inclusive of current carrier
contracts that currently generate approximately $600,000 per year,
thus will be accretive to revenue from day 1. We expect that this
additional technology will be cross-sold with iQSTEL’s current
carrier base, and increased inventory, allowing for a projected
annual revenue rate of $6 million within 9-12 months. The name of
the new company will be QGlobal SMS.”
“The SMS market as a whole provides for an increased margin over
VOIP services, thereby potentially providing for a strong return to
the company. A2P (App-to-Person) continues to grow as this is the
two factor authentication service that many people and companies
(Microsoft, Facebook, banks, etc) are now using in addition to
username/passwords. Security is an important component to the
global economy and this acquisition allows iQSTEL Inc. (IQST)
to not only benefit revenue wise, but to bring this added security
layer to Latin America and other countries,” concluded Mr.
Iglesias, the Company’s CEO.
Companies are shifting their communications from phone/voice and
email to SMS as statistics show the majority of people prefer SMS
over phone or email contact, in addition to responding faster. An
added benefit is all phones support SMS for two factor
authentication (A2P) bypassing any app compatibility issues. The
A2P market is currently on the rise as seen in the MobileSquared
chart.
About iQSTEL Inc.:
iQSTEL (IQST) www.iQSTEL.com is
a technology company offering a wide array of services to the
Telecommunications Industry. These include services to
International Long-Distance Telecommunications Operators (ILD
Wholesale), Retail and Corporate markets (ILD Retail), Submarine
Fiber Optic Network capacity, Satellite Communications services,
Mobile Virtual Network Operator (MVNO) services, Internet of Things
(IoT) technology solutions, Data Center facilities capacity
leasing, and Blockchain solutions for the Telecommunications
industry.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is wholly
owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a Miami,
Florida-based international telecom carrier founded in 2008 that
provides telecom and technology solutions worldwide, with
commercial presence in North America, Latin America and Europe.
Enabled by its 214-license granted by the Federal Communications
Commission (FCC), Etelix provides International Long-Distance voice
services for Telecommunications Operators (ILD Wholesale), and
Submarine Fiber Optic Network capacity for internet (4G and 5G).
Etelix was founded in 2008 and has been profitable since
inception.
About SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is
a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a
Switzerland based international Telecommunications Carrier founded
in 2015 providing international VoIP connectivity worldwide, with
commercial presence in Europe, CIS and Latin America. SwissLink
Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier
Customers direct terminations via SwissLink into all Switzerland
Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018 and the rename into SwissLink, they operate on a
profitable level.
Safe Harbor Statement: Statements in this
news release may be "forward-looking statements". Forward-looking
statements include, but are not limited to, statements that express
our intentions, beliefs, expectations, strategies, predictions or
any other statements relating to our future activities or other
future events or conditions. These statements are based on current
expectations, estimates and projections about our business based,
in part, on assumptions made by management. These statements are
not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and are likely to,
differ materially from what is expressed or forecasted in
forward-looking statements due to numerous factors. Any
forward-looking statements speak only as of the date of this news
release and iQSTEL Inc. undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this news release.
iQSTEL
Inc.
IR US Phone: 646-740-0907,
IREmail:investors@iqstel.com
Source: iQSTEL
Inc.
www.iqstel.com; www.swisslink-carrier.comand www.etelix.com
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