iQSTEL, Inc. Sees Record January Consolidated Revenues of $1.84M; Largest January Revenues for Etelix of $1.45M
February 18 2020 - 07:22AM
InvestorsHub NewsWire
iQSTEL, Inc. Sees Record January
Consolidated Revenues of $1.84M; Largest January Revenues for
Etelix of $1.45M
NEW YORK, NY -- February 18, 2020 -- InvestorsHub
NewsWire -- iQSTEL Inc. (OTC:
IQST) today announced that its wholly-owned subsidiary Etelix
has generated $1,459,358 in revenue for January and $1,844,258 on a
companywide consolidated basis for January 2020.
“The Global 5G
Infrastructure Market was valued at USD 0.56 billion in 2016 and is
projected to reach USD 22.93 billion by 2025, growing at a CAGR of
51.01% from 2017 to 2025” - Kenneth
Research(Nov 2019),
Image Source: Zion Market Research
iQSTEL Inc. (OTC:
IQST) is an infrastructure driving force between the US
mainland and Central and South America as well as Europe. The
submarine cable (10 Gbps), already in use, supports the new 5G
bandwidth requirements. 5G speeds are up to 100x faster than 4G.
Infrastructure demands throughout Latin America, and other
countries, are going to see exponential increases over the next few
years. iQSTEL with the additional guidance of the new board advisor
Mr. Jose Antonio Abdo, is well-positioned to take full advantage of
these growing needs.
Mr. Iglesias, the
Company’s CEO, commented: “For January 2020, our wholly-owned
subsidiary Etelix generated $1,459,358 representing the
highest-grossing January since inception in 2007. Year-over-year
this represents Etelix organic growth of 4% and iQSTEL growth of
32% once SwissLink, our 2019 acquisition, is factored in. This is
well on track to meet our 2020 revenue sales budget on a
consolidated basis.”
“Our administrative and
cross-selling synergies are already bearing fruit with our VoIP
business. We are very pleased with the stable and reliable growth
our carrier business is generating. Etelix, SwissLink and iQSTEL
management teams are already looking at profit accretive
acquisitions in the near future,” concluded Mr. Iglesias, the
Company’s CEO.
About iQSTEL
Inc.:
iQSTEL (OTC:
IQST) www.iQSTEL.comis 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.comis 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.comis 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.
About QGlobal SMS
LLC.:
QGlobal SMS
LLCwww.qglobalsms.comis a 51% owned subsidiary of iQSTEL
Inc. QGlobal SMS is a USA based
company founded in
2020 specialized in international and domestic SMS
termination, with emphasis on the Applications to Person (A2P) and
Person to Person (P2P) for Wholesale Carrier Market and Corporate
Market in US. QGlobal SMS has commercial presence in Europe, USA and Latin
America. QGlobal SMS has robust international interconnection with Tier1
SMS Aggregators, guarantying its customers high quality and low
termination rates, over more than 100 countries
worldwide.
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.com; www.etelix.comand www.qglobalsms.com
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