NEW YORK, NY, March 24, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (IQST) has scheduled a series of meetings with investors to further expand discussions on acquisitions and JV targets in the City of New York and Miami. Due to the COVID-19 global pandemic, the NASDAQ Marketsite interview has been pushed off to coincide with the investors meetings scheduled and others still being finalized.
The already stressed 3G and 4G networks have been pushed to their limit across many parts of the world due to this pandemic, a further validation of iQSTEL’s mission to bring 5G to many parts of Central and Latin America, in addition to European network expansion. 5G not only increases bandwidth 10-fold or more, surpassing most cable internet systems, it also reduces the latency (delay between back-and-forth communications) significantly.
“5G communications, along with IoT and other 5G-centric technologies, have already been providing significant benefits worldwide, that can be used in such situations as the current COVID-19 pandemic, allowing doctors to participate in real-time patient diagnostics, remote surgeries among countless other benefits. We continue to pursue the goal of ubiquitous high-speed communications across the globe and look forward to our meeting with potential investors to back our current plan of growth via acquisitions. It’s in these times that we are reminded how important the work we do, really is. Our network is currently being used by doctors, nurses reaching out to the affected public, allowing less-needed patients to be treated by phone, while in some cases giving life-saving guidance and advice to others. Also, by the very many families desperately seeking to connect with their loved ones in the times of uncertainty. It is in these moments that we realize how important our job is and how proud we are to be able to serve our customers. Out team has been working overtime to ensure the highest quality of service, while taking no short-cuts in ensuring highest level of quality. We strongly commend the men and women of our company whose tireless work sometimes goes unnoticed in these times of need. Our hearts and prayers go out to the many people and companies affected by the Corona virus,” Mr. Iglesias, the Company’s CEO, commented.
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.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com 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.
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Source: iQSTEL Inc.