iQSTEL, Inc. Is Set To Double Its SMS Customer Base By End Of October 2020 In SMS Market Forecast To Reach $100+ Billion By 2030; Subsidiary QGlobal SMS Completes SMS Market Integration With China Mobile And Telefonica (Moviestar)

iQSTEL, Inc. (OTC: IQST) today (August 27, 2020) announced it is set to double Its SMS customer base by end of October 2020 In SMS market forecast to reach $100+ billion by 2030. iQSTEL, Inc. (OTC: IQST) subsidiary Global SMS has completed SMS market integration with China Mobile (NYSE: CHL) and Telefonica (Moviestar) (NYSE: TEF).

Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefonica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).

iQSTEL, Inc. (OTC: IQST) Set To Double Its SMS Customer Base By End Of October 2020 In SMS Market Forecast To Reach $100+ Billion By 2030; Subsidiary QGlobal SMS Completes SMS Market Integration With China Mobile (NYSE: CHL) And Telefonica (Moviestar) (NYSE: TEF)

Key to the iQSTEL, Inc. (OTC: IQST) growth in SMS customer base expansion is the Company's subsidiary QGlobal SMS major expansion phase with more than 35 telecommunications companies and SMS integrators tie-in worldwide. This puts Global SMS' customer base on track for an October 2020 doubling. This will result in strong Q3 and Q4 2020 figures along with a solid outlook for 2021 and beyond, the Company said. iQSTEL, Inc. (OTC: IQST) Set To Double Its SMS Customer Base By End Of October 2020 In SMS Market Forecast To Reach $100+ Billion By 2030; Subsidiary QGlobal SMS Completes SMS Market Integration With China Mobile (NYSE: CHL) And Telefonica (Moviestar) (NYSE: TEF).

Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, "The completion of China Mobile and Telefonica integration pushes our SMS business to over 65% of our revenues. Using a simple formula, larger network integration equates to a larger customer base leading to escalating revenues. The rapid expansion of Global SMS' business during 2020 has been phenomenal, a testament to the whole iQSTEL families' relentless dedication to building a rock solid business."

According to Transparency Market Research, the A2P (Application-to-Person) SMS industry is expected to surpass $100 billion by 2030. For iQSTEL, Inc. (OTC: IQST) its network operations center (NOC) in Spain is handling all the global SMS interconnects. During the month of August 2020, this NOC expects to process over 550 million SMS messages.

Transparency Market Research in its report titled 'A2P SMS - Revolutionizing Business Communication And Messaging', said "While consumers worldwide have gradually veered to instant messaging applications, including WhatsApp, WeChat and Hike, network providers continue to find unique methods to ensure usage of SMS." It adds that the exponential surge in the number of mobile users are expected to drive the global A2P market, "which is expected to reach US $101 Billion by the end of 2030."

iQSTEL, Inc. (OTC: IQST) In 10Q For Quarter Ended June 30, 2020 Shows Financial Strength

iQSTEL, Inc.'s (OTC: IQST) sales jumped by 90% to $16.1 million for the first half YTD 2020. It also reported a spike in net comprehensive income to $1.2+ Million for the period Q2 2020. All operating subsidiaries of the 21st Century enhanced telecommunications service provider generated positive net income for the parent Company. July 2020 sales of $4.3 million represented a 290% jump from the comparable period the prior year. iQSTEL, Inc. (OTC: IQST) Set To Double Its SMS Customer Base By End Of October 2020 In SMS Market Forecast To Reach $100+ Billion By 2030; Subsidiary QGlobal SMS Completes SMS Market Integration With China Mobile (NYSE: CHL) And Telefonica (Moviestar) (NYSE: TEF).

Mr. Iglesias, CEO of iQSTEL, Inc.'s (OTC: IQST), said, "Q3 and Q4 are lining up to be very exciting and we look forward to providing updates as we reach new milestones". iQSTEL, Inc. (OTC: IQST) Set To Double Its SMS Customer Base By End Of October 2020 In SMS Market Forecast To Reach $100+ Billion By 2030; Subsidiary QGlobal SMS Completes SMS Market Integration With China Mobile (NYSE: CHL) And Telefonica (Moviestar) (NYSE: TEF).

iQSTEL, Inc.'s (OTC: IQST) Expanding With More Subsidiaries

The parent company is an 21st Century enhanced telecommunications service provider. It owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) and wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the "IoT Smart Gas" platform and application.

Source: Stock Market Press

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