NEW YORK, Nov. 4, 2024 /PRNewswire/ — iQSTEL Inc. (OTC: IQST), a swiftly increasing chief in telecommunications, proudly pronounces a main step in its proceed to world telecom dominance with the signing of a transformative Memorandum of Figuring out (MOU) to obtain the too much 49% of SwissLink Provider AG. This strategic contract speeds up iQSTEL’s consolidation of global telecom property, bettering its operational power and advancing its undertaking to transform a global telecom powerhouse.

The MOU offers Mr. Koehler to switch his 49% possession in SwissLink, valued at $750,000, for iQSTEL familiar stocks, with the transaction unfolding over the subsequent 5 years at 10% possession in step with generation. This considerate, phased construction minimizes dilution at iQSTEL’s wave reserve value, taking into consideration a prudent manner that maximizes shareholder worth. This seamless, scalable association underscores iQSTEL’s loyalty to investor-friendly selections, laying a foot for exponential expansion and trade consolidation.

Mr. Koehler’s option to transition his SwissLink possession into iQSTEL stocks highlights his self belief in iQSTEL’s progressive eye for expansion. With a partnership historical past spanning over six years, Mr. Koehler is deeply aligned with iQSTEL’s undertaking and objectives. Past possession trade, he’s going to proceed to play games a pivotal position in shaping our Eu trade technique, making sure perpetuity and leveraging his seasoned experience to power innovation around the patch.

Including to the joy, this transaction is a part of a bigger plan designed to ship operational efficiencies projected to save lots of iQSTEL as much as $2 million every year—a considerable spice up to profitability that displays the potency and scalability of this consolidation. Traders will have to take into account of this vital milestone, because it complements iQSTEL’s operational power and represents a key development within the corporate’s roadmap to high-margin, next-generation telecom answers.

The transition shall be seamless for SwissLink’s consumers, keeping up uninterrupted carrier and operational excellence. Juan Carlos Lopez Silva will proceed as CEO of each SwissLink and Etelix, making sure steadiness and management in our Eu operations.

Leandro Jose Iglesias, CEO of iQSTEL, commented: “The trust and dedication Ralf has demonstrated by committing to this ownership exchange are testaments to the strength of our shared vision. This transaction not only benefits our shareholders with a structured, non-dilutive approach but also strengthens our footing in Europe, setting the stage for increased value creation. We are moving fast, adding high-tech, high-margin products like our recent Cycurion partnership and our AI-powered AIRWEB.ai service. In parallel, we are actively consolidating our telecom operations to deliver up to $2 million in annual savings. This combination of innovation and operational efficiency is accelerating our path to global leadership.”

This possession trade represents a vital development in iQSTEL’s approach to form a resilient, consolidated telecom framework that helps next-generation communique applied sciences on a world scale.

About SwissLink Provider AG

SwissLink Provider AG is a certified Swiss-based telecommunications supplier, focusing on home and global tonality and SMS termination. With over 200 interconnections throughout Tier 1, Tier 2, and Tier 3 telecommunications suppliers, SwissLink holds a leading place within the trade.

SwissLink Provider performs a key position within the Eu telecom marketplace, managing crucial connectivity throughout nations within the patch. The corporate maintains a number of direct interconnections with the biggest Eu telecom operators, which grant probably the most intensive end-user bases. This strategic positioning allows SwissLink to successfully deal with important site visitors flows from numerous world origins into Europe and the Eu Financial Segment (EEA). Its adapted tonality research and control platform guarantees optimum efficiency and reliability.

With a workforce boasting over 75 years of trade experience, SwissLink Provider AG invitations companions to tie its community and get pleasure from its cutting edge, customer-centric method to telecommunications.

About iQSTEL (Up to date Oct. 2024):

iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based multinational publicly indexed corporate within the ultimate levels of the trail to changing into indexed on NASDAQ. With FY2023 revenues of $144 million and a forecasted $290 million in earnings, along sure working source of revenue of 7 digits for FY-2024, iQSTEL is positioning itself for explosive expansion. iQSTEL’s undertaking is to grant ordinary human wishes in these days’s fashionable international via making crucial equipment obtainable, irrespective of race, ethnicity, faith, socioeconomic condition, or id. The corporate appreciates that fashionable human wishes comparable to physiological, protection, dating, approval, and self-actualization are marginalized with out get entry to to ubiquitous communications, monetary liberty, blank, reasonably priced mobility, and knowledge.

iQSTEL has been construction a powerful trade platform with its consumers, and via leveraging this accept as true with, the corporate is now starting to promote high-tech, high-margin merchandise throughout its categories. iQSTEL is strategically situated to succeed in $1 billion in earnings via 2027 via natural expansion, acquisitions, and high-margin product growth.

• Telecommunications Services and products Section (Communications):
  Contains VoIP, SMS, Global Fiber-Visible, Proprietary Web of Issues (IoT), and a Proprietary Cellular Portability Blockchain Platform.
• Fintech Section (Monetary Liberty):
  Supplies remittance products and services, top-up products and services, a MasterCard Debit Card, US storagefacility accounts (deny SSN required), and a Cellular App.
• Electrical Cars (EV) Section (Mobility):
  Trade in Electrical Bikes and plans to foundation a Mid-Pace Automobile.
• Synthetic Logic (AI) Services and products Section (Data and Content material):
  Supplies AI answers for unified visitor engagement throughout internet and speak to channels, along side a white-label platform providing seamless get entry to to products and services, leisure, and help in a digital three-D interface.
• Cybersecurity Services and products:
  Thru a fresh partnership with Cycurion, iQSTEL will trade in complex cybersecurity answers, together with 24/7 tracking, ultimatum detection, incident reaction, vulnerability tests, and compliance control, offering crucial coverage to telecommunications shoppers and past.

iQSTEL has finished 11 acquisitions since June 2018 and continues to build an lively pipeline of possible era acquisitions, additional increasing its suite of services and products each organically and thru mergers and acquisitions.

Secure Harbor Commentary: Statements on this information shed could also be “forward-looking statements”. Ahead-looking statements come with, however don’t seem to be restricted to, statements that categorical our intentions, ideals, expectancies, methods, predictions, or any alternative knowledge in relation to our era actions or alternative era occasions or situations. Those statements are in accordance with wave expectancies, estimates, and projections about our trade founded partially on guesses made via control. Those statements don’t seem to be promises of era efficiency and contain dangers, uncertainties, and guesses which are tough to expect. Subsequently, fresh results and effects would possibly and are prone to vary materially from what’s expressed or forecasted in forward-looking statements because of diverse components. Any forward-looking statements discuss simplest as of the hour of this information shed, and iQSTEL Inc. undertakes deny legal responsibility to replace any forward-looking observation to mirror occasions or instances later the hour of this information shed. This press shed does now not represent a family trade in of any securities on the market. Any securities presented privately is probably not or have now not been registered below the Function and will not be presented or bought in america absent registration or an acceptable exemption from registration necessities.

Corporate Website online
www.iqstel.com

SOURCE iQSTEL

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