iQSTEL, Inc. Becomes A Leader In Telecommunications Industry With Innovation In SMS, Blockchain, Internet of Things (IoT), Artificial Intelligence (AI), 5G

(Stock Market Press via Comtex)

iQSTEL, Inc. (OTC: IQST) is now a leader in the fast-growing telecommunications industry because it brings innovative new services to top tier providers, offers groundbreaking new products driven by blockchain technology and AI and is fast expanding its SMS operations. All of its subsidiaries generated positive net income in Q2 2020. Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), foresees Q3 and Q4 'exciting' financial performance and the company plans more corporate and subsidiary developments leading into 2021.

Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefonica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).

iQSTEL, Inc. (OTC: IQST) Becomes A Leader In Telecommunications Industry With Innovation In SMS, Blockchain, Internet of Things (IoT), Artificial Intelligence (AI), 5G

iQSTEL, Inc. (OTC: IQST) is at the center of the most important technologies in telecommunications and providing new services to the top tier providers globally. Already, iQSTEL, Inc. (OTC: IQST) has a global footprint and international partnerships with major telecom players in China, Latin America, U.S., Europe, Mexico and other regions. Its diverse network of operating subsidiaries each contribute a positive net income to the parent. For Q2 2020, the four subsidiaries -- Etelix, SwissLink, QGlobal and IoT Labs -- each contributed positive net income to iQSTEL, Inc.'s (OTC: IQST) total net profit of $426,419 and total volume of $11,130,924 for the period.

Its financial profile is secure: SMS operations accounted for 65% of the parent Company's revenue stream in Q2 2020 and 60% of its sales were prepaid in that period. Not only is iQSTEL, Inc. (OTC: IQST) growing in global importance, but it brings to the industry these important breakthrough services/products:

  • A Mobile Number Portability Application (MNPA) portability app for consumers in a 5G industry enabling them to change providers quickly and securely for mobile devices without changing numbers. As new providers come on line and consumers wish to change, the iQSTEL, Inc. (OTC: IQST) new product offers industry-changing speed and security in executing this transaction.
  • Disrupting global payments/settlements in the telecommunications industry. Large financial institutions require the security and transparency blockchain provides in making payments/settlements across borders. iQSTEL, Inc. (OTC: IQST) offers that and real time transaction security offering financial institutions full transparency of the immediate transfers they want. Even after the settlement transaction is conducted, the Company ensures safety and the ability to recapture any questioned funds.
  • In the IoT Smart Gas platform and application developed by recently acquired IoT Labs MX SAPI, iQSTEL, Inc. (OTC: IQST) introduced to the market an industry-changing new product that can remote manage by smart device chemicals, gases and liquids at sea and on land enabling delivery vehicles to more economically refill tanks. The company plans to market the product throughout Latin America and, later, to Europe.

With these products, it grows in SMS operations, VoIP Services, IP-PBX services, SMS exchange for A2P and P2P, Submarine Fiber Network Capacity for internet, 4G and 5G. Establishing global alliances with the top worldwide providers, iQSTEL, Inc. (OTC: IQST) has built its leadership. iQSTEL, Inc. (OTC: IQST) Becomes A Leader In Telecommunications Industry With Innovation In SMS, Blockchain, Internet of Things (IoT), Artificial Intelligence (AI), 5G.

As iQSTEL, Inc. (OTC: IQST) Grows, All Its Operating Subsidiaries Generate Positive Net Income For Fast Expanding Parent Telecommunications Company

iQSTEL, Inc.(OTC: IQST) subsidiaries reported the following positive Net Income: Etelix, $199,872; SwissLink, $11,388; QGlobal, $35,665; IoT Labs, $179,494. The Q2 2020 total for the Company was positive Net Income of $426,419. Combined, total Q2 2020 Company sales were $11,130,924 with a total Gross Profit of $732,308. The performance numbers reflected enormous bench strength generating positive net income from every subsidiary. iQSTEL, Inc. (OTC: IQST) Becomes A Leader In Telecommunications Industry With Innovation In SMS, Blockchain, Internet of Things (IoT), Artificial Intelligence (AI), 5G.

Combination Of Acquisitions And Organic Corporate Growth Works Well

Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, "The tremendous growth we have seen in 2020 continues despite COVID-19's global economic impact. Further proof that our business model, a combination of corporate growth and acquisitions, is working very well. All of our operating subsidiaries just reached a major milestone, going Net Income positive. Our management experience in Telecom Operations has been key in the achievement of these results. We look forward to fantastic Q3 and Q4's as we anticipate further corporate and subsidiary developments leading in to 2021."

Mr. Iglesias, CEO of iQSTEL, Inc.(OTC: IQST) Sees Exciting Q3 And Q4

Mr. Iglesias, CEO of iQSTEL, Inc.’s (OTC: IQST), said, "June 2020 revenues jumped 190%, driving the Q2 increase, with sales of greater than $4.2 million compared to $1.44 million in June 2019. Mr. Iglesias, CEO, said, "Q3 and Q4 are lining up to be very exciting and we look forward to providing updates as we reach new milestones." iQSTEL, Inc. (OTC: IQST) Becomes A Leader In Telecommunications Industry With Innovation In SMS, Blockchain, Internet of Things (IoT), Artificial Intelligence (AI), 5G.

iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries

The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the "IoT Smart Gas" platform and application.

Source: Stock Market Press

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