iQSTEL’s QGlobal SMS Completes SMS Network Integration with China Mobile and Telefonica (Movistar); Set to Double SMS Customer Base By the End of October 2020

NEW YORK, NY, Aug. 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST), a leading-edge 21st Century Enhanced Telecommunications Service Provider, today announced QGlobal SMS has completed months long systems and network integration with China Mobile (NYSE trading company) and Telefonica (Movistar) (NYSE trading company).

QGlobal SMS continues their major expansion phase with more than 35 telecommunication companies and SMS integrators tie-in around the world. This growth puts QGlobal SMS’ customer base on track for an October 2020 doubling, resulting in strong Q3 and Q4 2020 figures along with an impressive outlook for 2021 and beyond.

According to a recent report by Transparency Market Research, the A2P (Application-to-Person) SMS industry is expected to surpass $100 billion by 2030.

Our network operations center (NOC) in Spain is handling all the global SMS interconnects. This NOC expects to process over 550 million SMS messages during the month of August 2020.

“The completion of China Mobile and Telefonica integration pushes our SMS business to over 65% of our revenues. Using a simple formula, larger network integration equates to a larger customer base leading to escalating revenues. The rapid expansion of QGlobal SMS’ business during 2020 has been phenomenal, a testament to the whole iQSTEL family’s relentless dedication to building a rock solid business,” commented Mr. Iglesias.

About iQSTEL Inc.:

iQSTEL Inc (OTC: IQST) www.iQSTEL.com is a US-based publicly listed company offering leading-edge 21st Century Enhanced Telecommunications Services with a focus on a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, corporate, enterprise, as well as the retail market. iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Smart Gas Platform, itsBchain offers a "one-stop-shopping” for international and domestic VoIP services, IP-PBX services, SMS exchange for A2P and P2P, OmniChannel Marketing, Internet of Things (IoT) applications (IoT Smart Gas Platform), 4G & 5G international infrastructure connectivity, as well as blockchain-based platforms: Mobile Number Portability Application (MNPA) and Settlement & Payments Marketplace for VoIP, SMS and Data.