iQSTEL Uses Its $25M Acquisition Funding Towards the Offer for a 2,300 Mile Central American Fiber-Optic Network Company
March 10 2020 - 6:14AM
InvestorsHub NewsWire
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. (IQST) www.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.com; www.swisslink-carrier.com; www.etelix.com; www.qglobalsms.com;www.itsBchain.com
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