iQSTEL, Inc. Reports Record-Setting $3.5M Consolidated Revenues Year-to-Date; An Increase of 39% Over 2019

NEW YORK, NY, March 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST) continues with record-setting revenues, reporting $1,688,206 in February on a consolidated basis, an increase of 46% over February 2019. Year-to-Date revenues surpass 2019’s $2.5M figure by 39%, totaling $3,546,058.

“5G technology market expected to reach $667.9 Billion by 2026,” according to a recent report by Allied Market Research. Internet of Things (IoT) demand is growing rapidly, spurring massive 5G technological development, requiring rapid expansion of 5G infrastructure.

Mr. Iglesias, the Company’s CEO, commented: “Our core organic business has seen a 39% YoY revenue growth based on a combination of new client acquisitions and cross-selling our new European interconnections to our existing carrier network. We are thrilled to see our business plan unfolding with such stellar results. The ramp up of the interconnections agreement with our recently acquired QGlobal SMS, and later in the year with itsBchain’s blockchain payment platform, will further enhance our ability to cross-sell ‘in-house’ and expand across European and Latin American markets.”

About iQSTEL Inc.:

iQSTEL Inc. (OTC: 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.