Welcome to our dedicated page for Iqstel news (Ticker: IQST), a resource for investors and traders seeking the latest updates and insights on Iqstel stock.
IQSTEL Inc. reports developments across its global telecommunications and technology platform, including telecom operator relationships, fintech services, AI-powered communications, cybersecurity initiatives and digital-service expansion. Company updates frequently address financial results, margin and EBITDA priorities, platform consolidation, shareholder communications and investor presentations.
Recurring IQST news also covers product and strategy announcements such as the IQCortex AI orchestration platform, efforts to commercialize higher-margin technology services through telecom channels, and capital-structure actions tied to common stock, preferred stock and shareholder distributions.
iQSTEL, Inc. (OTCQB: IQST) reported preliminary Q2 2021 revenues of $15.5 million, outperforming the $5 million monthly average. Total revenue for the first half of 2021 reached $29.7 million, positioning the company on track to surpass its $60.5 million revenue forecast for the year. CEO Leandro Iglesias emphasized growth expectations in the second half of the year, citing upcoming initiatives such as MNPA, MAXMO, and IoTSmartTank that could enhance revenues and EBITDA.
iQSTEL, Inc. (OTCQB: IQST) announced the expansion of its Electric Vehicle One-Stop-Shop division (EVOSS), collaborating with Alternet Systems on an electric motorcycle initiative. The company aims to target the growing Latam market for low-cost electric motorcycles, leveraging partnerships and developed technology. Anticipating a Q4 rollout for its electric motorcycle, iQSTEL plans to integrate IoT connectivity and mobile applications. The CEO highlighted a strong business execution track record and ongoing innovation across its divisions as a foundation for future success.
Alternet Systems (ALYI) released a management update on June 18, 2021, outlining its electric motorcycle development program with MODUS and iQSTEL. ALYI's electric motorcycle pilot program in Africa is progressing, with 2000 units scheduled for delivery in Kenya. The company is finalizing the retro Revolt Electric Motorcycle design, with hundreds of reservations made. iQSTEL is developing a custom battery solution, while the UN's pilot in Kenya aims to gather insights for electric motorcycle deployment.
iQSTEL, Inc. (OTCQB: IQST) has launched a new Electric Vehicle (EV) Division aimed at expanding its operations in the EV sector. This initiative builds on the existing partnership with Alternet Systems, Inc. (OTC Pink: ALYI), focusing on developing an EV-Battery, IoTSmartEV device, and Motorcycle Dashboard Display. The division aims to create a comprehensive EV Battery solution, providing resources to enhance collaboration with ALYI and diversifying iQSTEL's growth potential in Latin America and Africa. Further news on the division's business and marketing plans is anticipated.
iQSTEL Inc. (OTC: IQST) has officially launched its new Fintech Division, aiming to synergize with its existing telecom services to create additional revenue streams. This division will focus on a Business-to-Consumer model, primarily targeting the global immigrant population. Key services include low-cost domestic and international money transfers, SMS-based money transfers, utility bill payments, and a VISA debit card solution. The Fintech industry is rapidly growing, with annual remittances exceeding $500B. iQSTEL's CEO highlights their established relationships with mobile operators as key to this initiative.