iQSTEL, Inc. Announces $25 Million Investment Banking Agreement
March 05 2020 - 7:27AM
InvestorsHub NewsWire
iQSTEL, Inc. Announces $25 Million
Investment Banking Agreement
NEW YORK, NY -- March 5, 2020 -- InvestorsHub NewsWire
-- iQSTEL Inc. (IQST) announced
today it has signed an investment banking agreement with a leading
New York-based investment banking firm to assist in sourcing
capital. The investment banking firm was founded in the early
1980’s, is a full-service broker/dealer. The firm has nearly 150
retail brokers in ten offices across the East Coast.
iQSTEL has retained the investment banking firm as placement
agent and financial advisor for up to $25 million for 5G
infrastructure acquisitions and investments. The Company must meet
various terms and conditions which it believes are reasonable and
attainable.
5G telecommunications networks are growing rapidly across the
globe. Allied Marketing Research estimates the 5G market size will
surpass $5.5B for 2020 with a CAGR of 122% from 2021 to 2026.
iQSTEL is well positioned throughout Latin America and Europe to
take full advantage of this growing industry.
The Company's chairman and chief executive officer, Leandro
Iglesias, said, "We are pleased to establish this relationship with
such a prestigious firm, which validates our business plan.
We expect the assistance of this well-established investment banker
which will accelerate our growth. We have launched an
aggressive acquisition program, beginning due diligence on several
acquisition targets.”
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.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is
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.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a
75% owned subsidiary of iQSTEL Inc. itsBchain is a blockchain
technology developer and solution provider, with a strong focus on
the telecom sector. The company is the final stage of
development of a series of blockchain solutions aimed at using the
blockchain ledger and smart contract solutions to enable more
efficiency, quickness in execution and fraud-prevention in the
telco industry. Specifically, the company is developing a
solution that will enable users and carriers to transfer mobile
phone numbers with just a few clicks, allowing users and carriers
the ability to transfer retail users from one mobile carrier
to another instantly. Additionally, the company is finalizing
a carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS and data realtime as
traffic is crossed between carriers. This marketplace will
allow for instant payment settlement as well as the prevention of
fraud between carriers.
iQSTEL
Inc.
IR US Phone: 646-740-0907,
IREmail:investors@iqstel.com
Source: iQSTEL
Inc.
www.iqstel.com; www.swisslink-carrier.com; www.etelix.com; www.qglobalsms.com;www.itsBchain.com
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