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NEW YORK, March 4, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced revenues of $4.8 million for January 2021 compared to $1.85 million in January 2020. January 2021 revenue is 258% higher than January 2020.
The iQSTEL revenue forecast for 2021 is $60.5 million. Management anticipates improving profit margins in 2021 in addition to growing revenues as iQSTEL consolidates its Telecom subsidiaries under a single brand name to improve marketing momentum and operating efficiencies. iQSTEL s revenue forecast for its Telecom Division is $55.1 million.
The additional $5.4 million of iQSTEL s $60.5 million revenue forecast is anticipated from the company s other growing, high margin business units including its Technology Division (IoT and Batteries for EV), Fintech Division (Visa Debit Card), Blockchain Division (MNPA).
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NEW YORK, Feb. 22, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced a contract between Vonage and IQSTEL s Telecom Division (subsidiary QGlobal SMS).
Vonage is a cloud communications provider offering a variety of communication APIs with over $1 billion in annual revenue.
IQSTEL s QGlobal SMS is a wholesale SMS termination provider with a commercial footprint in the USA, Mexico, Colombia, Latin America, Europe and Asia. QGlobal SMS has robust international interconnection with Tier1 SMS Aggregators, Large Mobile Operators in the word and in-country SMS value added integrators, guarantying its customers high quality and low termination rates, over more than 100 countries worldwide.
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