Welcome to our dedicated page for Iqstel news (Ticker: IQST), a resource for investors and traders seeking the latest updates and insights on Iqstel stock.
About iQSTEL
iQSTEL Inc. (symbol: IQST) is a US-based, multinational telecommunications and technology corporation that has evolved into a dynamic holding company. With a robust history of strategic acquisitions and organic growth, iQSTEL has established a broad portfolio spanning telecommunications, fintech, electric vehicles, artificial intelligence, and cybersecurity. This diversified approach enables the company to provide the essential tools required to meet modern human needs such as connectivity, financial access, and innovative mobility solutions.
Core Business and Services
At its heart, iQSTEL is dedicated to offering high-quality communication and connectivity services to Tier-1 global carriers, corporations, and international enterprises. Its core business revolves around:
- Telecommunications: Delivering ubiquitous voice, SMS, and data services through an extensive network of high-value interconnections.
- Fintech Solutions: Empowering virtual banking and financial services that enhance digital access to financial freedom, regardless of socioeconomic status.
- Electric Vehicles (EV) and Mobility: Supporting clean and affordable mobility by integrating advanced technologies to meet today’s transportation challenges.
- Artificial Intelligence and Cybersecurity: Pioneering AI-driven solutions for customer engagement and robust cybersecurity measures to protect digital assets.
By leveraging its expertise in network consolidation and cross-sector integration, iQSTEL is able to deliver high-margin, innovative offerings that address evolving market demands.
Global Footprint and Strategic Positioning
iQSTEL operates on a truly global scale with a presence in multiple countries and time zones. The company’s ability to integrate international telecom operations and expand its service offerings through carefully selected acquisitions has solidified its position as a major competitor in the technology and communications sectors. Its strategic partnerships enhance operational efficiencies and support a strong, globally integrated network.
Innovation and Diversification
Innovation lies at the core of iQSTEL’s business strategy. Through a series of deliberate ventures and acquired assets, the company has broadened its technological expertise. A recent rebranding initiative marked a bold step in redefining its identity from a traditional telecom provider to a comprehensive technology force. Today, iQSTEL’s portfolio spans not only telecommunications but also high-value fintech services, EV support systems, and AI-powered cybersecurity solutions. This diversification enables the company to convert industry challenges into new avenues for sustainable growth.
Expertise and Operational Excellence
iQSTEL boasts a management team with decades of combined experience in international telecommunications and technology services. This deep reservoir of expertise supports its ability to execute complex integration strategies and maintain a disciplined approach to managing capital and operational costs. The company’s focus on streamlined operations—whether through consolidation of telecom platforms or the adoption of cutting-edge digital tools—has resulted in scalable efficiencies that benefit its high-margin segments.
Market Position and Value Proposition
Positioned at the intersection of technology and essential human needs, iQSTEL serves as a critical enabler for global connectivity and digital advancement. Its solutions are designed to break down barriers, providing access to vital services such as uninterrupted communications, secure financial transactions, and innovative mobility options. The company’s mission is rooted in ensuring that these tools are accessible across diverse communities, reinforcing its reputation for social responsibility without compromising on profitability and efficiency.
Commitment to Transparency and Growth
Adhering to stringent reporting and audit standards, iQSTEL maintains an unwavering commitment to transparency, an essential characteristic for investor trust. This commitment is further underscored by its strategic initiatives geared towards a Nasdaq uplisting, which is intended to enhance investor confidence and broaden its market exposure. Through a balanced mix of organic growth and strategic mergers and acquisitions, iQSTEL continues to build an enduring platform for value creation while safeguarding the interests of its diverse stakeholder base.
Conclusion
In summary, iQSTEL represents an innovative fusion of expansive global connectivity and advanced technology solutions. Its ability to integrate multiple business disciplines—from reliable telecom services to forward-thinking fintech and AI—positions it uniquely within a competitive market. Whether it is addressing the pressing demand for secure communications or pioneering new products in emerging markets, iQSTEL is a company built on expertise, operational excellence, and a forward-looking vision that resonates with both customers and investors worldwide.
iQSTEL (OTCQX: IQST) announced the successful completion of mechanical and performance tests for its EVOSS EV Motorcycle Beta Prototype. Deliveries are on track for year-end. The integration of iQSTEL’s IoT Smart EV technology will enhance the motorcycle with ongoing operational and maintenance support. Customers will also access the Global Money One (MAXMO/VIMO) US Debit Card Ecosystem for purchase financing and future insurance options. CEO Leandro Iglesias confirmed plans for the first production batch aimed at Latin America.
iQSTEL, Inc. (OTCQX: IQST) is set to deliver its first batch of EVOSS EV Motorcycles to Latin America by year-end 2021. The company is producing four models with options of 2 kW and 3 kW motors and 50 amp-h and 75 amp-h batteries, tailored for various consumer needs. Each motorcycle features a removable 72 Volt battery, offering a range of 100 km per charge. The CEO emphasized the importance of differentiated features and aims for a significant market presence in Latin America.
On October 5, 2021, iQSTEL, Inc. (OTCQB: IQST) announced the acquisition of the remaining 49% of QGlobal SMS LLC, enhancing its SMS business in Latin America. This move aligns with iQSTEL's strategy to consolidate its Telecommunications, IoT, and Blockchain operations under the B2B IQSTelecom Division. The acquisition is expected to improve operations and gross margins while supporting ongoing revenue growth, currently at about 12% gross margin. CEO Leandro Iglesias highlighted its importance in advancing their M&A campaign and further increasing productivity.
iQSTEL, Inc. (OTCQB: IQST) announced a Road Show for its B2B IQSTelecom Division starting September 22 at the WHOLESALE WORLD CONGRESS in Madrid. The event will feature senior management and focus on strategic meetings related to its M&A campaign. Recently reorganized, IQSTelecom includes wholesale telecommunication services and aims to enhance sales and profits through optimized cross-selling and reduced back-office expenses. Changes in branding are set to maintain existing commercial agreements while transitioning names for Etelix and SwissLink to IQSTelecom America and Europe.
iQSTEL, Inc. (OTCQB: IQST) has announced plans to produce its first batch of EVOSS EV Motorcycles, with the design 90% complete. A purchase order is expected imminently, and manufacturing in China is anticipated to be finished by December. Management aims to receive the first motorcycles on-site, contingent on Covid-19 restrictions. This pilot batch will test quality and performance in Latin America, aimed at establishing EVOSS as a key player in the region's EV market over the next 3 to 5 years.
iQSTEL, Inc. (OTCQB: IQST) reported August 2021 revenues of $5.7 million, a 30% increase from August 2020, marking five consecutive months exceeding $5 million. The year-to-date revenue totals $41.23 million, positioning the company to potentially surpass its $60.5 million revenue forecast for 2021 if the current pace continues over the next four months. iQSTEL operates in telecommunications, technology, and fintech across 15 countries, offering services including VoIP, EV solutions, and blockchain technology.
iQSTEL, Inc. (OTCQB: IQST) has executed a Letter of Intent (LOI) with a prominent Chinese electric vehicle manufacturer for producing high-performance electric motorcycles under the EVoss brand. A definitive agreement is in progress, aiming for the first EVoss motorcycle launch in Latin America, with a 30-day delivery commitment post-purchase order. The partnership also includes engineering support, spare parts supply, and battery manufacturing. iQSTEL's CEO highlighted the strategic importance of this collaboration, noting China's dominant EV motorcycle market.
iQSTEL (OTCQB: IQST) announced its application for OTCQX, aiming to enhance its governance and transparency in preparation for a Nasdaq uplisting. This certification, likened to a prestigious 'platinum club', is anticipated to add immediate shareholder value and align with Nasdaq standards. The company recently reorganized into two divisions, IQSTelecom and EVOSS, to improve customer engagement. CEO Mr. Iglesias stated that each milestone toward a Nasdaq uplisting contributes to shareholders' value. iQSTEL operates in telecommunications, fintech, and electric vehicles across 15 countries.
iQSTEL, Inc. (OTCQB: IQST) achieved $5.23 million in revenue for July 2021, a 21% increase compared to July 2020. This marks the fourth consecutive month of exceeding $5 million in revenue. The company operates in 15 countries and offers various services in Telecommunications, Electric Vehicle, Financial Services, and more, via its five business divisions. iQSTEL has a diverse product portfolio including SMS, VoIP, and EV-related solutions.
iQSTEL, Inc. (OTCQB: IQST) announced its ongoing plans for a Nasdaq uplisting, emphasizing the formation of an Independent Audit Committee (IAC) as a crucial step. The IAC, comprising three independent Board members, aims to enhance corporate governance, aligning with requirements for uplisting. CEO Iglesias noted that the IAC will bolster investor confidence. The company is also updating its website with details on its B2B and B2C operations, focusing on maximizing shareholder value.
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