Business
iQSTEL, Through Its Subsidiary QGlobal SMS, Enters Into a Preliminary Acquisition Agreement for SMSDirectos, a Revenue Producing Company Serving the Retail and Commercial Markets in Colombia
NEW YORK, NY, April 28, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc.’s (OTC: IQST) subsidiary QGlobal SMS, a Miami-based company, enters into a
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[{"type":"text","content":"NEW YORK, NY, April 28, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc.’s (OTC: IQST) subsidiary QGlobal SMS, a Miami-based company, enters into a preliminary acquisition agreement for 100% of the capital stock of Alcyon Cloud SMS S.A.S. (Commercial Brand SMSDirectos.com), a Colombian-based Application and Content Provider.\n SMSDirectos is registered with the Secretary of Information and Communication Technology (ICT) in Colombia, offering services to government, enterprises, small and medium business, as well as end-users. Using SMSDirectos’ existing network, we plan to expand services from SMS to offer omnichannel products and services such as: SMS, Emails, RCS (Rich Communications Services), Social Media Channels (Whats App, Messenger, etc), WebRTC (Web Real-Time Communication), VoIP (IP-PBX, SIP Trunking) ChatBots (Artificial Intelligence Based), SMS to Email, and Email to SMS. The Colombian mobile phone market surpassed 65 million subscribers in 2019, according to Statista Research reports. Servicing as the gateway to the Latin American mobile phone market of over 500 million users, the SMSDirectos acquisition strategically positions QGlobal SMS for extensive long-term growth in the region. Mr. Iglesias, iQSTEL’s CEO, said, “This acquisition will mark QGlobal SMS’ first foray into Latin American end-user markets. Colombia is just the start of QGlobal SMS’ business growth. We have already begun working on SMSDirectos’ retail business expansion, aiming for 35% of EBITDA. The implementation of omnichannel products will expand SMSDirectos’ revenues, with a 1st year target of $300k.” “We are expanding QGlobal SMS’ product lines to include high earning Telecom Enhanced Products, enabling faster market penetration across the Latin American markets,” concluded Mr. Iglesias. About iQSTEL Inc.: iQSTEL Inc. (OTC: IQST) www.iQSTEL.com is a Publicly Listed Company in US. iQSTEL is a leading-edge 21st Century Enhanced Telecommunications Service Provider offering a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, enterprise market, as well as the retail market. iQSTEL through its subsidiaries (www.etelix.com ; www.SwissLink-Carrier.com ; www.QglobalSMS.com ; www.itsBchain.com) offers a “one-stop-shop” for international and domestic VoIP services, SMS exchange for A2P and P2P, Internet of Things (IoT...