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internationalenterprises
businessmagazine forinternationalenterprises
business trends
nine
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nine
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on 20
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business trends
Cutting-edge technologies for Telecom Industry
iQSTEL Inc. is a US-based publicly listed company, offering leading-edge 21st Century Enhanced Telecommunications Services, with a focus on a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, corporate, enterprise, as well as the retail market. Together with Alternet Systems, Inc., an electric vehicle (EV) innovator, the company recently initiated the planning phase of their new joint design program to co-develop two-way device communication solutions specific to the EV operating environment. Mr. Leandro Jose Iglesias, iQSTEL’s President & CEO, elaborates on the company’s ambitious mission and vision.
month of October. October 2020 revenue
was 200% higher than the $1.7 million in
revenue reported last year, in October of
2019. The October 2020 revenue was also
13% higher than the $4.5 million in
revenue realized in September 2020.
Management also reported an
approximate 55% increase in gross
margins in the month of October
compared to the previous month of
September. With two months yet to go in
the year, the Company is only $7.2 million
away from meeting or exceeding its $42
million FY-2020 revenue projection.
The plan is to keep up this growth pace.
“In addition to pursuing the growth and
development of the business of our
subsidiaries, we plan to expand our
services to the retail market offering
international long-distance voice
communications to corporate, small
business and individuals (ILD retail),
supported in part by our current
infrastructure,” Mr. Iglesias reveals.
He adds: “We are also exploring
opportunities in new business areas
and markets. This will be done in
several stages. In stage one we will
focus on Short Message Service (SMS)
Things (IoT) technology connectivity via
Sigfox or GSM network, allows for
remote management and improved
logistic refilling processes, usage tracking
and tank monitoring in real-time by the
Smart Gas mobile app. The new GSM
tracking feature allows for mobile use
including ground, air, and sea tank
monitoring.
IoT Labs MX and Alternet’s electric
motorcycle design program
-orchestrated by MODUS- plan to work
jointly to develop two-way device
communication in the Revolt Electric
Motorcycles with, among others, the
following functions: Geolocation, Battery
Management, Theft and Accident
Interfacing with Emergency Services,
Remote Maintenance Management,
Vehicle Body and Component Leasing
Management, Driver and Passenger
Personal Mobile Device Interface and
Rideshare System Interface.
for Applications to Person (A2P) and
Person to Person (P2P), 5G
international fiber-optic infrastructure,
Internet of Things (IoT) solutions and
Blockchain-based platforms as
Settlement & Payment Marketplace
Platform and Mobile App Number
Portability. Subsequently, in stage two,
we will explore Fintech Services such as
VISA Debit Card, Money Remittance, as
well as more telecommunications
services as satellite communications,
mobile services as a Mobile Virtual
Network Operator (MVNO), and Data
Centers. In any case, we expect that
these new ventures will be developed
either through mergers or acquisitions,
or through strategic partnerships.”
One such partnership was formed in
November 2020, with Alternet Systems,
Inc. The two companies have signed a
letter of intent (LOI) for IQSTEL’s Internet
of Things (IoT) development team to
combine efforts with Alternet’s EV
engineering and design program to co-
develop two-way device communication
solutions specific to the EV operating
environment.
Alternet System’s first generation EV is an
electric motorcycle, designed for, among
other applications, utilization within the
rideshare (exemplified by Uber and Lyft
services) sector in Africa evolving the
prevailing robust motorcycle taxi (Boda)
market.
IQSTEL’s subsidiary IoT Labs MX
specializes in Internet of Things (IoT)
design and development to include
wireless and vehicle telematics space that
provide telematics solutions. IoT Lab MX
has developed the IoT Smart Gas
Platform, among others. The IoT Smart
Gas platform consists of an IoT field
device installed on any LP gas tank
(adaptable to virtually any gas or liquid
storage tank) which, with the Internet of
iQSTEL, Inc.
300 Aragon Avenue, Suite 375
Coral Gables FL 33134
USA
Website: www.iqstel.com
iQSTEL has grown aggressively over the
past two years and today has six
subsidiaries: Etelix, SwissLink, QGlobal
SMS, SMSDirectos, IoT Labs, and its
Bchain. They offer leading-edge
telecommunication and technology
services for global markets, with a
presence in 13 countries. The company
provides services to the
Telecommunications, Financial Services,
Liquid Fuel Distribution and Electric
Vehicle Industries through three Business
Divisions: Telecom, Technology and
Fintech.
Mr. Iglesias was the founder and
President of Etelix until 2018 when it was
acquired by iQSTEL. He has more than
two decades of experience in telecom
and previously served, among others, as
the International Business Manager at
CANTV/Movilnet (Venezuela’s biggest
telecommunications services provider).
He explains that iQSTEL holds an
extensive portfolio of products and
services for its clients: SMS, VoIP, 4G &
5G international infrastructure
connectivity, Cloud-PBX, OmniChannel
Marketing, IoT Smart Gas Platform, IoT
Smart Electric Vehicle Platform, Mobile
Number Portability Application MNPA
(Blockchain), Settlement & Payments
Marketplace (Blockchain), Visa Debit
Card, Money Remittance, and Pay Mobile
Phone Services among others.
The company is clearly doing well. In
November 2020, it announced it had
achieved yet another monthly revenue
record, reaching $5.1 million for the
According to Mr. Iglesias, this partnership
is very important for iQSTEL because it
allows the company an inroad into the
Electric Vehicle (EV) industry, with the
company’s IoT Smart EV, an IoT device.
“Alternet plans to be an important player
in Africa building its Revolt Motorcycle
and for iQSTEL to be part of that
evolution will be very exciting.”
Looking ahead, Mr. Iglesias concludes:
”We offer a one stop shopping of
products and services for many industries
and next to developing our IoTSmartEV.
com, we are also entering in the Fintech
Business where we plan to develop a Visa
Debit Prepaid Card, another exciting
venture!”
Leandro Jose Iglesias President & CEO
iQSTEL most relevant customers