Business
IQST - iQSTEL Consolidates Telecom Operations To Further Improve Earnings On $120M Annual Revenue Forecast
NEW YORK, June 7, 2023 /PRNewswire/ -- iQSTEL Inc. (OTCQX: IQST) today announced the company has initiated the consolidation of the telecommunication
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, June 7, 2023 /PRNewswire/ -- iQSTEL Inc. (OTCQX: IQST) today announced the company has initiated the consolidation of the telecommunication subsidiaries that make up the company's Telecom Division. The first consolidation step, the operational combination of Etelix and SwissLink, is alone anticipated to improve the bottom line by $500,000. The earnings improvements are expected to begin taking effect in Q3 this year. iQSTEL recently increased its FY 2023 revenue forecast from $105 million to $120 million.\n\"iQSTEL is becoming an ever more sustainable, high growth business with predictably improving financial performance,\" said CEO Leandro Iglesias. \"The consolidation process of our enhanced telecommunication services will further boost earnings adding to our initiative to grow profits through the introduction of new high margin products and services.\" \nThe iQSTEL consolidation initiative is named SwissLink 2.0. The Etelix and SwissLink teams will be combined into one business organization.\nEtelix´s voice services have already been moved to our SwissLink proprietary VAMP platform providing iQSTEL customers with an overall quality improvement form our Enhanced Voice Services. \nThe consolidation process has been designed to seamlessly improve the quality of services to the iQSTEL clients without any service interruptions or service agreement changes. Etelix customers will continue to receive service with no changes to their service agreements and they will now have access to a wider range of products.\nThe brand name for the consolidated operation will be SwissLink, and the SwissLink slogan will be \"Specialized in Europa and Transatlantic International Telecom Services.\" SwissLink will be under the management of Juan Carlos Lopez CEO, Ralf Kohler COO, Helmut Stricker Sales Director.\niQSTEL plans to be recognized as a top 10 international wholesale telecom service provider.\nAbout IQSTEL updated:\niQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational public company preparing for a Nasdaq up-listing with an FY2023 $105 million revenue forecast. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that in today's modern world, the pursuit of the ...