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 ( 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 USA, LLC: USA LLC is wholly owned subsidiary of iQSTEL Inc. 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 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 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 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.


IR US Phone: 646-740-0907,
Source: iQSTEL Inc.;

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