iQSTEL Uses Its $25M Acquisition Funding Towards the Offer for a 2,300 Mile Central American Fiber-Optic Network Company

 

NEW YORK, NY -- March 10, 2020 -- InvestorsHub NewsWire -- iQSTEL Inc. (IQST) is pleased to announce that it, along with a very select group of large telecom service providers, has been invited to submit a Request For Information (RFI) to acquire a controlling interest in a 2,300 mile aerial fiber-optic network company.

iQSTEL moved from the inquiry stage to the qualification stage after receiving the recently announced $25M funding commitment from a New York-based investment bank. iQSTEL’s existing Latin American infrastructure and experience positions the Company for the rapid execution of this project. This acquisition would add 2,300 miles of fiber-optic networks over high voltage electrical tower (4,500 towers) to the Company’s growing portfolio, spanning the region from Guatemala to Panama.

The acquisition of a controlling interest in this fiber-optic network company is potentially valued at over $100M based upon the multi-phase plans submitted, including expansion of the existing 4G network and upgrading it to support 5G within 6-9 months. The multi-phase plan also includes completion of interconnect between Central America, Mexico and the USA within the year.  The name of the acquisition target has been kept confidential at this stage due to confidentiality agreement executed as part of the acquisition process.

“One of the key aspects of this acquisition is the network is aerial, significantly reducing upgrade and expansion costs compared to our submarine cables. Additionally, with the network run across the electrical towers, it will enjoy a near-monopolistic advantage over any competitors due to the regulatory and significant costs associated with duplicating it. This is a rare find and we are very excited to be a part of developing this under-served region’s network,” commented Mr. Iglesias, iQSTEL’s CEO.

About iQSTEL Inc.:

iQSTEL Inc. (IQSTwww.iQSTEL.com  is a Publicly Listed Company in US. iQSTEL is a leading-edge 21st Century Enhanced Telecommunications Service Provider offering a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, enterprise market, as well as the retail market. iQSTEL through its subsidiaries (www.etelix.com ; www.SwissLink-Carrier.com ; www.QglobalSMS.com ; www.itsBchain.com)  offers a “one-stop-shop”  for international and domestic VoIP services, SMS exchange for A2P and P2P, Internet of Things (IoT) applications, 4G & 5G international infrastructure connectivity, as well as blockchain-based payment and phone number mobility platforms to international and domestic Tier-1 carrier for VoIP, SMS, and Data.

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.

 

iQSTEL Inc.
IR US Phone: 646-740-0907, IREmail:investors@iqstel.com
Source: iQSTEL Inc.
www.iqstel.comwww.swisslink-carrier.comwww.etelix.comwww.qglobalsms.com;www.itsBchain.com

 

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