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IQST - IQSTEL Sets Stage for Explosive Growth: Signs MOU to Acquire Majority Stake in Fintech Leader GlobeTopper, Driving Fintech Expansion and Strengthening Revenue Outlook

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IQSTEL (OTCQX: IQST) has signed a Memorandum of Understanding (MOU) to acquire a 51% stake in GlobeTopper (GT), a fintech company specializing in B2B Top-Up solutions. The acquisition, valued at $700,000, will be paid through $200,000 in cash installments and $500,000 in IQST common shares.

Following its $283 million revenue in FY-2024, IQST forecasts $340 million for 2025. GlobeTopper reported $39.4 million in revenue and $190,000 EBITDA for FY-2024, with projected growth to $60 million revenue and $450,000 EBITDA in FY-2025.

IQST will provide an additional $1.2 million in growth capital over 24 months through $50,000 monthly installments. The acquisition aims to strengthen IQST's Fintech division and leverage cross-selling opportunities across its telecom customer base in 21 countries, supporting its goal of reaching $1 billion in revenue by 2027.

IQSTEL (OTCQX: IQST) ha firmato un Memorandum of Understanding (MOU) per acquisire una partecipazione del 51% in GlobeTopper (GT), un'azienda fintech specializzata in soluzioni di ricarica B2B. L'acquisizione, del valore di 700.000 dollari, sarà effettuata tramite rate in contante di 200.000 dollari e 500.000 dollari in azioni comuni di IQST.

Dopo un fatturato di 283 milioni di dollari nel FY-2024, IQST prevede 340 milioni per il 2025. GlobeTopper ha riportato 39,4 milioni di dollari di fatturato e 190.000 dollari di EBITDA per il FY-2024, con una crescita prevista a 60 milioni di dollari di fatturato e 450.000 dollari di EBITDA nel FY-2025.

IQST fornirà un ulteriore 1,2 milioni di dollari in capitale per la crescita nell'arco di 24 mesi attraverso rate mensili di 50.000 dollari. L'acquisizione mira a rafforzare la divisione Fintech di IQST e sfruttare le opportunità di cross-selling tra la sua base di clienti nel settore telecom in 21 paesi, supportando l'obiettivo di raggiungere 1 miliardo di dollari di fatturato entro il 2027.

IQSTEL (OTCQX: IQST) ha firmado un Memorando de Entendimiento (MOU) para adquirir una participación del 51% en GlobeTopper (GT), una empresa fintech especializada en soluciones de recarga B2B. La adquisición, valorada en 700.000 dólares, se pagará a través de 200.000 dólares en cuotas en efectivo y 500.000 dólares en acciones comunes de IQST.

Tras unos ingresos de 283 millones de dólares en el FY-2024, IQST prevé 340 millones para 2025. GlobeTopper reportó 39,4 millones de dólares en ingresos y 190.000 dólares de EBITDA para el FY-2024, con un crecimiento proyectado a 60 millones de dólares en ingresos y 450.000 dólares de EBITDA en el FY-2025.

IQST proporcionará un adicional de 1,2 millones de dólares en capital de crecimiento durante 24 meses a través de cuotas mensuales de 50.000 dólares. La adquisición tiene como objetivo fortalecer la división Fintech de IQST y aprovechar las oportunidades de venta cruzada entre su base de clientes de telecomunicaciones en 21 países, apoyando su meta de alcanzar 1.000 millones de dólares en ingresos para 2027.

IQSTEL (OTCQX: IQST)는 B2B 충전 솔루션을 전문으로 하는 핀테크 회사인 GlobeTopper (GT)의 51% 지분을 인수하기 위한 양해각서(MOU)를 체결했습니다. 이번 인수는 70만 달러로 평가되며, 20만 달러는 현금 할부로, 50만 달러는 IQST 보통주로 지급됩니다.

2024 회계연도에 2억 8,300만 달러의 매출을 기록한 IQST는 2025년에는 3억 4천만 달러를 예상하고 있습니다. GlobeTopper는 2024 회계연도에 3,940만 달러의 매출과 19만 달러의 EBITDA를 보고했으며, 2025 회계연도에는 6천만 달러의 매출과 45만 달러의 EBITDA로 성장할 것으로 예상하고 있습니다.

IQST는 24개월 동안 매달 5만 달러의 할부로 120만 달러의 성장 자본을 추가로 제공할 것입니다. 이번 인수는 IQST의 핀테크 부서를 강화하고 21개국의 통신 고객 기반에서 교차 판매 기회를 활용하는 것을 목표로 하여 2027년까지 10억 달러의 매출을 달성하는 데 기여할 것입니다.

IQSTEL (OTCQX: IQST) a signé un protocole d'accord (MOU) pour acquérir une participation de 51 % dans GlobeTopper (GT), une entreprise fintech spécialisée dans les solutions de recharge B2B. L'acquisition, d'une valeur de 700 000 dollars, sera réglée par des versements en espèces de 200 000 dollars et 500 000 dollars en actions ordinaires d'IQST.

Après un chiffre d'affaires de 283 millions de dollars pour l'exercice 2024, IQST prévoit un chiffre d'affaires de 340 millions de dollars pour 2025. GlobeTopper a rapporté 39,4 millions de dollars de chiffre d'affaires et 190 000 dollars d'EBITDA pour l'exercice 2024, avec une croissance projetée à 60 millions de dollars de chiffre d'affaires et 450 000 dollars d'EBITDA pour l'exercice 2025.

IQST fournira un capital de croissance supplémentaire de 1,2 million de dollars sur 24 mois par le biais de versements mensuels de 50 000 dollars. L'acquisition vise à renforcer la division Fintech d'IQST et à tirer parti des opportunités de vente croisée auprès de sa clientèle de télécommunications dans 21 pays, soutenant ainsi son objectif d'atteindre 1 milliard de dollars de chiffre d'affaires d'ici 2027.

IQSTEL (OTCQX: IQST) hat ein Memorandum of Understanding (MOU) unterzeichnet, um eine 51%ige Beteiligung an GlobeTopper (GT), einem Fintech-Unternehmen, das auf B2B-Auflade-Lösungen spezialisiert ist, zu erwerben. Die Übernahme, die mit 700.000 Dollar bewertet wird, wird durch 200.000 Dollar in Barzahlungen und 500.000 Dollar in IQST-Stammaktien bezahlt.

Nach einem Umsatz von 283 Millionen Dollar im Geschäftsjahr 2024 prognostiziert IQST 340 Millionen Dollar für 2025. GlobeTopper berichtete von 39,4 Millionen Dollar Umsatz und 190.000 Dollar EBITDA für das Geschäftsjahr 2024, mit einem prognostizierten Wachstum auf 60 Millionen Dollar Umsatz und 450.000 Dollar EBITDA im Geschäftsjahr 2025.

IQST wird in den nächsten 24 Monaten zusätzlich 1,2 Millionen Dollar an Wachstumskapital bereitstellen, verteilt auf monatliche Raten von 50.000 Dollar. Die Übernahme zielt darauf ab, die Fintech-Sparte von IQST zu stärken und Cross-Selling-Möglichkeiten über die Telekommunikationskundenbasis in 21 Ländern zu nutzen, um das Ziel von 1 Milliarde Dollar Umsatz bis 2027 zu erreichen.

Positive
  • Acquisition adds $39.4M in revenue and profitable operations to IQST
  • Strategic expansion into fintech sector with cross-selling opportunities across 21 countries
  • Additional $1.2M growth capital commitment shows strong investment in future growth
  • Projected revenue growth from $60M (2025) to $85M (2026) for GlobeTopper
  • Deal structure preserves cash with majority payment in stock
Negative
  • Significant share dilution through $500,000 in stock payment
  • Monthly cash commitments of $50,000 for growth capital could strain liquidity
  • Growth capital disbursement dependent on meeting financial milestones
  • Integration risks between telecom and fintech operations

NEW YORK, March 21, 2025 /PRNewswire/ -- IQSTEL Inc. (OTCQX: IQST), the fast-growing multinational provider of Telecom, Fintech, Cybersecurity, and AI-driven services, is excited to announce the signing of a Memorandum of Understanding (MOU) to acquire a 51% equity interest in GlobeTopper, LLC (GT), a cutting-edge fintech company revolutionizing B2B Top-Up solutions.

This strategic acquisition marks another key milestone in IQSTEL's aggressive growth trajectory, reinforcing its Fintech division while setting the stage for long-term, high-margin revenue growth.

A Brilliant Future Ahead: Accelerating Toward $1 Billion Milestone
Following its record-breaking $283 million revenue in FY-2024, iQSTEL has confidently forecasted $340 million in revenue for 2025, primarily driven by its robust Telecom Division. The acquisition of GlobeTopper is set to be a catalyst for exponential growth in the Fintech division, significantly boosting both revenue and EBITDA, and propelling iQSTEL closer to its ambitious goal of $1 billion in revenue by 2027.

GlobeTopper is already a profitable business, with preliminary FY-2024 financials showing $39.4 million in revenue and $190,000 in EBITDA. Under the MOU, iQSTEL will secure a 51% majority stake in GT, with an additional $1.2 million capital infusion planned over 24 months to fuel expansion.

Strategic Growth Plan for GT:

  • FY-2025: $60 million revenue, $450,000 EBITDA
  • FY-2026: $85 million revenue, $620,000 EBITDA

IQSTEL will partner closely with GT's leadership, developing a targeted business plan aimed at scaling operations, penetrating new markets, and driving profitability. GT's proven, scalable platform combined with IQSTEL's financial strength and operational expertise sets a solid foundation for rapid and sustained growth.

Leveraging the Power of Cross-Selling: Fintech Meets Telecom
One of the greatest synergies of this acquisition lies in IQSTEL's unique ability to integrate GT's fintech services across its extensive global telecom customer base, spanning 21 countries and 4 continents. This allows IQSTEL to unlock new, high-margin revenue streams while delivering enhanced value to existing clients.

Additionally, GT maintains valuable commercial relationships with some of the largest companies in the retail arena. IQSTEL plans to leverage these relationships as a strategic entry point to offer its broader suite of services to leading retail corporations, creating further cross-selling opportunities and enhancing the company's market reach.

This acquisition aligns perfectly with IQSTEL's strategy of maximizing the potential of its telecom business platform, cross-selling complementary services, and continuously expanding its technology portfolio.

Strong Leadership & Continuity
Craig Span, Founder and CEO of GT, will continue to lead the company post-acquisition, ensuring stability and driving GT's aggressive growth objectives hand-in-hand with iQSTEL's strategic vision.

IQSTEL´s CEO Insight:
"This is a pivotal moment for IQSTEL," said Leandro Iglesias, President and CEO of IQSTEL. "GlobeTopper's fintech innovation and profitability, combined with our global reach and trusted telecom relationships, creates a powerful recipe for accelerated growth. We have a clear goal to achieve $1 billion in revenue by 2027, and this acquisition sets the stage to move our run rate halfway toward that objective."

Mr. Iglesias added: "Our forecasted EBITDA for our operating subsidiaries stood at $3 million for FY-2025, but with the acquisition of GlobeTopper, we are raising the bar even higher, continuing to increase value for our shareholders."

IQSTEL's Investment Proposal:
Equity Acquisition:

IQSTEL will acquire a 51% equity interest in GT for a total consideration of $700,000.

Payment Structure:

  • 200,000 in cash, distributed as follows:

  - $100,000 on July 1, 2025, or upon execution.
  - $50,000 on August 1, 2025.
  - $50,000 on September 1, 2025.

  • $500,000 in IQSTEL common shares, subject to a six-month holding period.

Additionally, IQSTEL will provide up to $1.2 million in structured growth capital over 24 months, disbursed in $50,000 monthly installments, contingent upon GT achieving agreed financial milestones.

About GlobeTopper (GT)
GlobeTopper (www.globetopper.com) is a leading fintech company specializing in advanced B2B Top-Up solutions, enabling seamless cross-border financial transactions. With a solid track record and a scalable, profitable business model, GT is poised for exponential growth under IQSTEL's leadership.

The details of this MOU will be disclosed in an upcoming Form 8-K filing.

About IQSTEL Inc.
IQSTEL Inc. (OTCQX: IQST) is a multinational technology company offering cutting-edge solutions in Telecom, Fintech, Blockchain, Artificial Intelligence (AI), and Cybersecurity. Operating in 21 countries, iQSTEL delivers high-value, high-margin services to its extensive global customer base. iQSTEL projects $340 million in revenue for FY-2025, building on its strong business platform.

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 information relating to our future activities or other future events or conditions. Words such as "anticipate," "believe," "estimate," "expect," "intend", "could" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission.

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.

For more information, please visit www.iQSTEL.com.

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SOURCE iQSTEL

FAQ

What is the acquisition value and structure for IQST's purchase of GlobeTopper?

IQST will acquire 51% of GlobeTopper for $700,000, comprising $200,000 in cash installments and $500,000 in IQST shares, plus $1.2M in growth capital over 24 months.

What are GlobeTopper's revenue projections for 2025-2026 under IQST ownership?

GlobeTopper projects $60M revenue and $450K EBITDA in FY-2025, growing to $85M revenue and $620K EBITDA in FY-2026.

How will the GlobeTopper acquisition impact IQST's growth strategy?

The acquisition strengthens IQST's Fintech division, enables cross-selling across 21 countries, and supports IQST's goal of reaching $1B revenue by 2027.

What was GlobeTopper's financial performance in FY-2024?

GlobeTopper achieved $39.4M in revenue and $190,000 in EBITDA during FY-2024.

How will IQST structure the additional growth capital for GlobeTopper?

IQST will provide $1.2M in growth capital over 24 months through $50,000 monthly installments, subject to financial milestones.
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