#United States #New York #Fintech #iQSTEL #GlobeTopper

IQSTEL's Game-Changing Acquisition

IQSTEL Inc. (OTCQX: IQST), a rapidly expanding global provider of telecommunication, fintech, cybersecurity, and AI-related services, has made headlines with its recent announcement of signing a Memorandum of Understanding (MOU) to secure a 51% stake in the fintech company GlobeTopper, LLC. This strategic acquisition is anticipated to drive IQSTEL's growth trajectory further, particularly within its fintech division, which is crucial for increasing revenue in the coming years.

Accelerated Growth on the Horizon

Following the exceptional revenue performance of $283 million in FY-2024, IQSTEL is projecting a revenue increase to $340 million in 2025, primarily driven through its robust telecom services. The acquisition of GlobeTopper is set to be a significant catalyst for growth, enhancing both revenue and EBITDA, and aligning with IQSTEL's ambitious goal of reaching $1 billion in revenue by 2027. GlobeTopper itself demonstrated profitability in its preliminary FY-2024 financials, recording revenues of $39.4 million and an EBITDA of $190,000.

Capital Infusion for Future Expansion

Under the MOU terms, IQSTEL will pay $700,000 to acquire the majority stake in GlobeTopper, distributing the payment across several months, including $200,000 in cash and $500,000 through common shares of IQSTEL with a six-month holding period. Furthermore, an infusion of up to $1.2 million in structured growth capital over the next 24 months is planned to fuel GlobeTopper's growth ambitions.

Strategic Roadmap for GlobeTopper

IQSTEL has laid out a strategic growth plan for GlobeTopper, aiming for significant revenue milestones in the upcoming years:

• - FY-2025: Expected revenue of $60 million with an EBITDA of $450,000.
• - FY-2026: Targeting a revenue of $85 million and EBITDA of $620,000.

By closely collaborating with GlobeTopper's leadership, IQSTEL aims to expand operations, enhance profitability, and explore new market opportunities, leveraging the scalable platform GlobeTopper offers.

Synergy Between Telecom and Fintech

One of the most strategic advantages of this acquisition is IQSTEL's capability to integrate GlobeTopper's fintech services into its extensive telecom customer base that spans 21 countries across four continents. This integration is expected to generate new, high-margin revenue streams, benefiting existing clients and offering enhanced services.

Additionally, GlobeTopper's established commercial ties with notable retail firms present substantial cross-selling opportunities. IQSTEL plans to utilize these relationships as strategic entry points to provide a wider range of services, thereby enhancing market reach.

Leadership Continuity

Craig Span, the founder and CEO of GlobeTopper, will remain at the helm post-acquisition, ensuring continuous leadership, stability, and a shared vision for aggressive growth alongside IQSTEL's objectives. This move is crucial to sustaining GlobeTopper’s growth strategy while aligning with IQSTEL’s global expansion plans.

Insights from IQSTEL's CEO

Leandro Iglesias, President and CEO of IQSTEL, described this acquisition as a pivotal moment, stating, "GlobeTopper's innovative approach and profitability coupled with our extensive telecom reach and relationships position us for accelerated growth. We are on track to achieve our $1 billion revenue target by 2027, and this acquisition significantly elevates our growth potential."

Iglesias emphasized that the EBITDA forecast for IQSTEL’s operating subsidiaries has risen to $3 million for FY-2025 due to the expected contributions from GlobeTopper, elevating shareholder value.

Conclusion

The announcement of this MOU to acquire GlobeTopper signifies IQSTEL's strategic commitment to enhancing its fintech capabilities and underscores its plans for robust revenue growth. With targeted initiatives to scale operations and penetrate new markets, IQSTEL is set to make significant strides in consolidating its position within the fintech landscape while achieving its broader corporate milestones.

About GlobeTopper

GlobeTopper specializes in advanced B2B Top-Up solutions, facilitating smooth cross-border financial transactions. With a strong business model and proven growth potential, GlobeTopper is now poised for exponential success under IQSTEL’s strategic guidance.

About IQSTEL Inc.

IQSTEL Inc. is a multinational tech company at the forefront of telecom, fintech, blockchain, AI, and cybersecurity solutions. It operates across 21 countries, providing high-value services to an extensive global customer base, and is on a trajectory to achieve projected revenues of $340 million for FY-2025.