iQSTEL Stock

iQSTEL Inc. (iQSTEL) engages in the business of telecommunication services as a wholesale carrier of voice, short messages (SMS), and data for other telecom companies worldwide.

The company has 404 active interconnection agreements with mobile companies, fixed line companies, and other wholesale carriers.

The company is a technology company offering a wide array of services to global telecommunications and technology industries with presence in 13 countries.

The company has an extensive portfolio of products and services for its clients, such as SMS, VoIP, 4G and 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, Internet of Things (IoT) services, blockchain, and payment solutions. These services are grouped within four business divisions: Telecom, Fintech, Electric vehicles, and Metaverse.

The company operates its business through its wholly-owned subsidiary, Etelix.com USA, LLC (Etelix) (www.etelix.com); and its majority-owned subsidiaries, SwissLink Carrier AG (www.swisslink-carrier.com), QGlobal SMS LLC (https://www.qglobalsms.com/), Smart Gas (http://iotsmartgas.com/) and ItsBchain, LLC (ItsBChain) (http://itsbchain.com/), Whisl Telecom LLC (www.whisl.com), and Smartbiz Telecom LLC (www.smartbiztel.com).

Operating Subsidiaries

iQSTEL has 4 business divisions delivering accessibly to the necessary tools in pursuit of basic human needs: Telecommunications (communications); Fintech (financial freedom); Electric Vehicles (mobility); and Metaverse (Information and content). The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions (M&A).

The company's telecommunication business represents 100% of its revenues, while its other business lines are in a pre-revenue stage.

Telecom Subsidiaries for Voice Services

Etelix.com USA LLC, a wholly owned subsidiary of iQSTEL, is the U.S. based international telecom carrier that provides telecom and technology solutions worldwide, with commercial presence in North America, Latin America, and Europe. Etelix provides International Long-Distance voice services for Telecommunications Operators (ILD Wholesale), and Submarine Fiber Optic Network capacity for internet (4G and 5G).

Etelix is interconnected to the most important players in the industry, with a very strong focus on Asian and Latin-American markets, among which it is worth mentioning: China Telecom, PCCW, Hutchinson Telecom, Vodafone India, KDDI, Airtel, Reliance, Viettel, TATA Communications, Flow Jamaica (Cable and Wireless Caribbean), Cable and Wireless Panama, Millicom (TIGO), Telefonica de España (Movistar), Telecom Italia (TIM), Portugal Telecom (MEU), Optimus (NOS), Belgacom (BICS), Deutsche Telekom, iBasis, Orbitel and Entel.

An important milestone in the evolution of Etelix was in 2013, when the company become part of a consortium of major carriers for the upgrade of the Maya-1 submarine cable systems that runs from Hollywood, Florida to the city of Tolu in Colombia. This consortium is led by Orange Telecom and Orbitel, where Etelix participates with 10 Gbps of capacity. The bulk of this contract was sold to Millicom (Tigo Costa Rica). This capacity considerably enhanced Tigo's ability to deploy world-class 4G services to its customers in Costa Rica.

SwissLink Carrier AG is a 51% owned subsidiary of iQSTEL. SwissLink Carrier AG is a Switzerland based international Telecommunications Carrier providing international VoIP connectivity worldwide, with commercial presence in Europe, CIS, and Latin America. SwissLink Carrier AG is a Swiss licensed Operator.

Whisl Telecom LLC is a 51% owned subsidiary of iQSTEL, acquired in May 2022. Whisl Telecom is a U.S. based company that provides high quality services and out of the box solutions to its customers. Whisl predominantly serves the Carrier-to-Carrier Global industry but also has network infrastructure to provide services to the retail end users (endpoints). Whisl is one of the few U.S. carriers to have a significant Tier1 capacity (true capacity with high calls per second, CPS) to terminate calls with the highest quality.

With the acquisition of Whisl, iQSTEL incorporated to its telecom portfolio the following services: the U.S./Canada Inbound/Origination; the U.S./Canada DIDs; the U.S./Canada Toll Free Numbers; Global DIDs; and Global Toll-Free Numbers.

Smartbiz Telecom LLC is a 51% owned subsidiary of iQSTEL acquired in June 2022. Smartbiz is a U.S. based company that provides international voice termination to niche markets.

With the combination of the technology capabilities of these four subsidiaries, the company has put together a complete portfolio of services for carriers and end user. These services include International Voice Termination for carriers; the U.S./Canada Inbound / Origination; Global DIDs; Global Toll-Free Numbers; PBX (Private Branch Exchange) for small businesses; and SIP Trunking.

All the company's subsidiaries carried 2.7 billion minutes of voice during year 2022.

Telecom Subsidiaries for SMS Services

QGlobal SMS LLC (QGlobal) is a 100% owned subsidiary of iQSTEL. QGlobal is a U.S. based company specialized in international and domestic SMS termination. QGlobal SMS has commercial presence in Europe, the U.S., and Latin America, with robust international interconnection with Tier-1 SMS Aggregators, guarantying to its customers high quality and low termination rates, in over more than 100 countries.

IoT Labs LLC (IoT Labs) is a 51% owned subsidiary of iQSTEL. IoT Labs is a SMS service provider based in Austin, TX. Specialized in the SMS traffic exchange between the U.S. and Mexico.

The company has entered into the SMS business in 2020 through the acquisition of QGlobal and IoT Labs. Both companies specialize in international and domestic SMS termination, with emphasis on the Applications to Person (A2P), Person to Person (P2P), and OmniChannel Marketing Services for several markets: Wholesale Carrier, Government, Corporate, Enterprise, Small and Medium Companies.

Both companies, IoT Labs and QGlobal carried 8.5 billion SMS and short codes in year 2022.

IoT Labs is also responsible for the development of the company's Internet of Things devices SmartGas and SmartTank. The SmartGas device is perfectly focuses on retail households using traditional LP gas tanks, while the SmartTank device is more oriented for industrial purposes. The company's product is a sensor and control chip that can be mounted on gas tanks in less than one minute, that converts the gas tank into an IoT connected device through the company's proprietary web portal and phone apps, allowing for constant monitoring, alerting, and refilling through its gas partners. An important milestone to highlight is that the company has received the patent for the invention and development of these devices. The company continues working closely with BASF Corporation to adapt the SmartTank device to their specifications project that has suffered some delays due to limited inventories and the slowness of the global distribution chains of microchips.

New Businesses Subsidiaries

ItsBchain LLC is a 75% owned subsidiary of iQSTEL. ItsBchain is a blockchain technology developer and solution provider, with a strong focus on the telecom sector. The company focuses on the development of solutions aimed at using the blockchain ledger and smart contracts to enable more efficiency, quickness in execution and fraud-prevention in the telco industry. Specifically, the company has developed a solution that will enable users and carriers to transfer mobile phone numbers with just a few clicks, allowing users and carriers the ability to transfer retail users from one mobile carrier to another instantly.

The company's mobile number portability solution is being tested prior to its commercial release in June 2023.

Global Money One Inc is a 75% owned subsidiary of iQSTEL. The company offers a complete Fintech ecosystem, including a MasterCard Debit Card, U.S. Bank Account (No SSN Needed), and a Mobile App/Wallet to manage Remittances and Mobile Top Up. The company focuses on providing immigrants access to reliable financial services that make it easier to manage their money and stay connected with their families back home.

All available services can be managed through the company's mobile App 'GlobalMoneyOne' available for IOS and Android. A first non-commercial release of the Fintech suite was done in June 2022. Since that date all services have been tested, including the known-your-customer (KYC) process for the issuance of debits cards, the settlement process with the issuer bank, the intermediary entities handling the remittances, and the intermediaries and cellular operators for the Top Up, as well as the proper training of the company's customer care agents.

The Electric Vehicle division (TuVolten) consist in an initiative to offer clean and affordable mobility through Electric Motorcycles, and Electric Mid Speed Cars. TuVolten is going to offer theirs EV Motorcycles and EV Cars in Spain, Portugal, the U.S., and some countries of Latin America. As recently announced, all previous electric motorcycle designs and tests have come together in a new electric motorcycle rolling off the factory for the final validation tests under the European Union Standards E-Mark certification process. Once this certification is obtained, the company will begin manufacturing the first units for sale to the public.

The Metaverse initiative, consist in a platform to offer the company's telecommunication carrier clients a white label solution enabling them to interact with their customers (end users, and enterprises) through the metaverse. The iQSTEL white label metaverse solution developed in partnership with GOTMY will be tailored to provide telecom carriers with a distinctive and immersive customer experience. In line with GOTMY's mission to offer universally accessible experiential spaces, the iQSTEL solution for telecom carriers is intended to accommodate all mobile phone users, not just those with high-end VR headsets.

Acquisitions

On May 13, 2022, the company acquired 51% of the shares in Whisl telecom LLC (Whisl).

On June 1, 2022, the company acquired 51% of the shares in Smartbiz Telecom LLC (Smartbiz).

Regulations

Etelix.com USA, LLC was authorized by the Federal Communications Commission to provide facility-based services in accordance with section 63.18(e)(1) of the Commission's rules; and to provide resale services in accordance with section 63.18(e)(2) under license number ITC-214-20090625-00303.

History

The company was formerly known as B-Maven Inc. and changed its name to PureSnax International, Inc. in 2015 and then to iQSTEL Inc. in 2018.