iQSTEL, Inc. Announces Swisslink FY-2019 Revenue Of $5,610,633 for its First Year of Acquisition
31 January 2020 - 1:37AM
InvestorsHub NewsWire
iQSTEL, Inc. Announces Swisslink
FY-2019 Revenue Of $5,610,633 for its First Year of
Acquisition
NEW YORK, NY -- January 30, 2020 -- InvestorsHub NewsWire --
iQSTEL, Inc. (OTC:
IQST) announces that its 51% Swiss subsidiary generated over
$5.6 million in revenue for 2019.
Mr. Iglesias, the Company’s CEO, stated: “The acquisition
strategy we have set out for iQSTEL is showing early success.
This vertical acquisition has been key since it gives us
bare-bottom-cost-based voice routing interconnection into European
cities and major carriers we did not previously have.
Additionally, we have been able to quickly implement synergies in
our admin, IT and operating departments. This acquisition and
integration has been not only strategic in allowing us to provide
cross-selling opportunities with Etelix, but more importantly, we
believe it enhances our carrier network backbone, which we expect
to be fundamental as we step up cross-selling opportunities with
soon-to-be-announced services and acquisitions in other horizontal
strategic solutions in the 5G, blockchain-based carrier payment, as
well as DID portability space. Full-year revenue on an
additive basis for both subsidiaries reached $21,938,503 for 2019.
We expect organic growth in these 2 subsidiaries to be in the
20-30% YOY, but more importantly, will be the backbone of our
transitioning into a full-service cloud-based 21st century
communications provider in the near and mid-term.”
About iQSTEL Inc.:
iQSTEL (OTC:
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 a 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 a
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.
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
IR Email: investors@iqstel.com
www.iqstel.com, www.swisslink-carrier.com, and www.etelix.com
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