iQSTEL Inc

iQSTEL Inc is a U.S.-based technology and communications group organized around multiple subsidiaries across telecommunications, fintech, EV-related services, and AI-enabled metaverse initiatives. Its core business is international voice, SMS, VoIP, IoT connectivity, and fiber-optic carrier services delivered through a global network of interconnections and operating entities in multiple countries.

−1,1 %

3,0 %

−2,7 %

+11,9 %

1.04

1.04

— iQSTEL Inc
%
Telecom carrier services70% International voice, SMS, routing, and connectivity services sold through carrier networks.
VoIP and enterprise communications10% Voice-over-IP and related communications services for business and wholesale customers.
IoT solutions8% Connected-device and smart utility products such as IoT smart gas and tank solutions.
Fintech and digital prepaid7% GlobeTopper-style digital prepaid and fintech services tied to consumer and merchant use cases.
Software and platform services5% Blockchain and portability software, including the MNPA platform and related applications.

iQSTEL sells primarily to wholesale telecom counterparties, carriers, and enterprise customers that need international...

  • Telecom carriers and wholesalersprimary

    Buy international voice, SMS, and routing capacity for cross-border traffic and network completion.

  • Enterprise communications customerssecondary

    Use VoIP and fiber connectivity for business communications and network access.

  • IoT and utility customerssecondary

    Buy connected-device solutions such as smart gas and smart tank monitoring.

  • Fintech and prepaid usersemerging

    Use digital prepaid products and fintech services for payments and value transfer.

  • Telecom operators and regulatorsemerging

    Use MNPA and portability tools to support in-country number portability requirements.

iQSTEL operates across a broad international footprint, with presence in 20 countries and offices in the United States,...

  • •Operations span 20 countries across the Americas, Europe, the Middle East, and Asia
  • •Offices include the United States, Argentina, the UK, Switzerland, Turkey, and Dubai
  • •Telecom traffic is routed through 603+ network interconnections worldwide
  • •International footprint supports carrier relationships and local market access
  • •Cross-border operations increase exposure to FX, regulation, and telecom rules

The company’s strategy is to strengthen its telecom division as the operating base for expansion into fintech,...

01
Strengthen the telecom divisionshort-term

Telecom is the main revenue engine and funds expansion into newer businesses.

02
Integrate subsidiaries and routingshort-term

Operational integration can reduce termination costs and improve service delivery.

03
Develop fintech and software linesmedium-term

Diversification reduces reliance on telecom and opens higher-value services.

04
Pursue M&A and portfolio expansionmedium-term

Acquisitions broaden capabilities and geographic reach.

iQSTEL is exposed to telecom wholesale pricing pressure, traffic volatility, and dependence on vendor networks for call...

high

Dependence on vendor networks and termination pricing

Voice and SMS services require third-party network access, so cost changes affect economics.

Scope
Telecom carrier services
Materiality
high
high

Foreign exchange and multi-jurisdiction regulation

Revenue and costs span many countries, creating currency and compliance exposure.

Scope
Global operations
Materiality
high
high

Financing and liquidity dependence

Growth plans and acquisitions require external funding and debt service capacity.

Scope
Holding company and expansion initiatives
Materiality
high
medium

Acquisition and integration execution

The business model depends on combining subsidiaries and realizing synergies.

Scope
QXTEL, GlobeTopper, subsidiary portfolio
Materiality
high
medium

Customer concentration and wholesale demand volatility

Carrier and wholesale telecom demand can shift quickly with routing and pricing changes.

Scope
International voice and SMS
Materiality
medium
Telecom revenue recognition
Affects quarterly revenue comparability and gross margin
Intercompany eliminations
Can materially change consolidated revenue and profitability
Allowance for doubtful accounts
Affects receivables and operating results
Long-lived asset valuation
Can create non-cash charges
Derivative liabilities and debt settlement
Creates earnings volatility below operating income

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: 29.4.2026