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Operations in 20+ countries, with commercial relationships spanning 600+ of the world’s largest telecom operators
Now a Debt-Free Nasdaq Company With No Convertible Notes or Warrants and Plans to Give $500,000 in Shares as Dividend by the End of the Year
IQST – IQSTEL and Cycurion Enter a New Era of AI-Cybersecurity, Completing Phase One of Their Next-Generation Cyber Defense Rollout (Just Announced)
Forecasting $400 million in revenue for FY-2025, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027.
Hello Everyone,
We have something back on our radar that we need you to research out ahead of Wednesday’s session. We have taken a look at this a few times. When it was brand new to the market we brought it you out ahead of a 65% overnight jump on a squeeze. IQST may be in a similar situation right now down here hovering around $6. This one doesn’t even have a year under it’s belt on the Nasdaq after the up-list but it is sitting just above the lows of 5.60.
They are a multinational technology company offering cutting-edge solutions in Fintech, Blockchain, Artificial Intelligence (AI), and Cybersecurity. Telecom, High-Tech Telecom Services (eSIM, roaming, cloud), with over 600 global business relationships. With operations in 21 countries and a team of 100 employees, IQSTEL serves a broad global customer base with high-value, high-margin services.
In 2024, IQSTEL reported $283 million in revenue, yet their market cap remained at only about 10% of that figure. They also achieved 96% year-over-year revenue growth but valuation has not kept pace with performance, leaving plenty of room for growth for IQST. This year the company is forecasting $400M right now after they bumped it up following huge revenues in the Summer.
• Strong and Expanding Telecom Operations
iQSTEL delivers international wholesale voice and SMS services to more than 35 top-tier telecom providers—including Verizon, Vodafone, and China Mobile—as well as hundreds of secondary carriers. Through interconnections with over 600 partners across more than 20 countries, the company has built a robust and far-reaching global network. Over the past year, iQSTEL’s voice traffic rose by 24%, while SMS volumes increased 23%, reflecting strong customer satisfaction and sustained growth in demand.
• A Relationship-Centered Approach to a Relationship-Driven Industry
In global telecommunications, success depends on trust, experience, and access. iQSTEL’s leadership team leverages deep-rooted relationships cultivated over decades to maintain a significant competitive edge. CEO Leandro Iglesias and his executives have transformed long-standing personal and professional connections into enduring commercial partnerships and favorable interconnection agreements that underpin the company’s expansion.
• Asset-Light Model Drives High Efficiency and Returns
Instead of investing in costly infrastructure, iQSTEL leases network capacity from a market abundant in telecom bandwidth. This capital-efficient, asset-light strategy allows the company to achieve stronger returns, maintain flexibility, and rapidly scale or adapt to new opportunities as they emerge.
• Strategic and Disciplined M&A Execution
Since going public in 2018, iQSTEL has successfully completed nine acquisitions—each sourced through the management team’s established industry network. Every acquired company’s CEO was personally known to Mr. Iglesias prior to acquisition. Post-merger, these leaders typically remain onboard under earn-out structures, ensuring smooth integration and continuity of customer relationships. iQSTEL’s model of acquiring a 51% controlling interest balances capital efficiency with operational control.
• Rapid Revenue Growth and Path to Profitability
iQSTEL’s revenue surged 96% last year, reaching $283 million, and the company is approaching positive EBITDA territory. Management expects to achieve a $400 million annualized revenue run rate by year-end, aided by a recent acquisition anticipated to contribute roughly $85 million in yearly revenue. The long-term target is $1 billion in revenue—positioning iQSTEL among established peers like IDT (NYSE: IDT) and Cogent (NASDAQ: CCOI).
• Compelling Valuation with Meaningful Upside
Comparable telecom firms currently trade at an average EV/EBITDA multiple of 9.2x for 2026 estimates, while close peers such as IDT and Cogent command roughly a 15% premium. Headquartered in Miami, iQSTEL operates under a distinctive asset-light model originally developed by its founder—formerly the head of CANTV’s international business—who launched Etelix in 2008. Following its 2018 public listing through a reverse merger, the company has pursued a steady stream of acquisitions fueling rapid top-line expansion. This year, iQSTEL is optimizing integration by consolidating traffic flows to its lowest-cost routing subsidiaries through global interconnection agreements and migrating operations onto a unified technology platform with its vendor partner.
The company has Four Key Competitive Advantages:
• Exceptional Industry Relationships – CEO Leandro Iglesias brings 27 years of telecom experience, including leadership at CANTV—formerly Venezuela’s top-tier national carrier and once partly owned by Verizon and Telefónica. His personal network spans the globe and includes current executives at many of the world’s largest carriers.
• Strategic Customer Acquisition – Management has leveraged its relationships to secure over 35 major international telecom customers and hundreds of tier 2 customers. These are high-volume, recurring relationships that drive consistent growth and reduce churn risk.
• Buyer Advantage in Oversupplied Market – Management also utilizes the same connections to secure the lowest-cost routing and termination agreements with global telecom carriers. Telecom is an opaque industry, and personal connections are important in negotiating favorable terms. The company benefits because the telecom industry has overbuilt, deploying too many network assets, so negotiations favor buyers like iQSTEL.
• Proven Acquisition Strategy – Every acquisition the company has completed has been of a company founded and run by an entrepreneur that Mr. Iglesias has known personally for many years. His modus operandi is to acquire an initial 51% stake, keep management on board, and give them earn-outs for continuing to perform after the acquisition.
iQSTEL is the Combination of Nine Acquisitions
Acquisitions are a key to the company’s growth strategy. To date, it has completed nine acquisitions to get the company to its present state of five operating voice telecom subsidiaries, two operating SMS subsidiaries, two fintech subsidiaries, and one metaverse joint venture.
Consideration paid for the eleven acquisitions has totaled $17.57 million, including the reverse merger of the CEO’s original business into a shell company. By comparison, the company has a roughly $30 million market cap, only owns 51% stakes in six business units and a 75% stake in one, with 100% stakes in only the original Etelix and QGlobal SMS acquired in 2020. To bring its stake up to 100% in each of its business units would require an estimated $11.3 million at the original purchase prices; however, much of this is expected to be paid in shares.
The founders have been known professionally to the CEO for several years and are willing to stay on and run the business with earnouts for performance. Keeping the founders in place is important because they have personal relationships with the customers.
Key Drivers
IQSTEL (NASDAQ: IQST) continues to deliver strong performance and expand its footprint as a Global Connectivity, AI & Digital Corporation:
- Diversified Growth – Four strategic business lines: Telecommunications, Fintech, Artificial Intelligence, and Cybersecurity.
- Global Reach – Operations in 20+ countries, with commercial relationships spanning 600+ of the world’s largest telecom operators.
- High-Margin Expansion – A powerful platform to layer in additional services, including AI, fintech, and cybersecurity solutions — highlighted by our partnership with Cycurion.
- IQSTEL Intelligence Momentum – Our IQSTEL Intelligence division is growing faster than expected. Highlights include the ONAR partnership, the Mobility Tech partnership, the Cycurion alliance, plus three more contracts in the sales funnel, expected to close before year-end.
- Strong Financial Trajectory – On track toward $1 billion in revenue by 2027, with a projected $15M EBITDA run rate in 2026.
- Institutional Confidence – Approximately 12 institutional investors now hold 4% of IQST shares, just 120 days after our Nasdaq uplisting.
- Research Recognition – Litchfield Hills Research issued a detailed report with an $18 price target: https://shre.ink/te9s
- Momentum in Q2 & Q3 – $35M revenue in July, surpassing a $400M annual run rate five months ahead of schedule. Assets per share stand at $17.41, outperforming across net equity, gross revenue, margins, net income, and adjusted EBITDA.
- Strategic Alliances – IQSTEL and Cycurion (Nasdaq: CYCU) executed a $1M stock exchange and dividend distribution, with IQSTEL planning to distribute $500,000 in Cycurion Nasdaq shares to its shareholders as part of the partnership: https://finance.yahoo.com/news/iqstel-cycurion-execute-1-million-123000867.html
- Innovation in AI – Launch of www.IQ2Call.ai, targeting the $750B global market with vertical AI-Telecom integration, including next-gen AI for U.S. healthcare call centers.
- Fintech Acceleration – Acquisition of Globetopper (July 1, 2025), forecasted to add $34M revenue and positive EBITDA in H2 2025.
- Balance Sheet Strength – $6.9M debt reduction (~$2 per share), reinforcing our equity position. Notably, half of this debt was voluntarily converted by investors into Preferred Shares, underscoring their trust in IQSTEL’s vision, management, and growth strategy.
- Revenue Mix – Current revenue stream: 80% telecommunications, 20% fintech, with fintech and AI & Digital services set to accelerate growth.
IQST – IQSTEL and Cycurion – CYCU Enter a New Era of AI-Cybersecurity, Completing Phase One of Their Next-Generation Cyber Defense Rollout
Published
Oct 21, 2025 8:45am EDT
IQSTEL’s Reality Border and Cycurion Join Forces to Deliver AI Agents with Built-In Cyber Defense and Proactive Threat Hunting Capabilities — Marking the First Step Toward Building the Industry’s Most Secure AI Ecosystem for Global Telecom and Enterprise Clients
NEW YORK, Oct. 21, 2025 /PRNewswire/ — IQSTEL Inc. (NASDAQ: IQST) today announced that Reality Border, IQSTEL’s AI subsidiary, has completed Phase One of its joint program with Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion”) to deliver a new generation of AI-enhanced cybersecurity. The milestone introduces a secure Model Context Protocol (MCP) integration for Airweb.ai (web AI agent) and IQ2Call.ai (voice AI agent), now fronted and protected by Cycurion’s ARx multi-layer cybersecurity platform.
“Our customers can now deploy AI agents with confidence,” said Leandro Iglesias, President of IQSTEL. “By pairing an MCP layer with Cycurion´s advanced platformARx’s deception-driven, multi-layer inspection, we’re moving from reactive defense to proactive threat hunting at the edge of our AI experiences.”
“ARx was designed for mission-critical environments,” added L. Kevin Kelly, Chairman & CEO of Cycurion. “Integrating with Reality Border’s MCP-enabled agents means threats are intercepted, analyzed, and acted upon before they can touch core assets.”
What Phase One Delivers (now live)
- MCP Interface for Airweb & IQ2Call – standardized, secure context/tooling layer for AI-agent workflows operating in detect/protect modes.
- ARx Reverse-Proxy Shielding – obscures true server IPs and diverts adversaries to hardened defenses and decoys.
- Four-Layer ARx Defense (current config)
- Geo-Gating (region-based blocking)
- WAF & API Security (request inspection & filtering)
- Proprietary Bot Hunter (malicious automation detection while allowing legit bots)
- AI-Powered Behavioral Analysis (real-time anomaly detection & response)
- Dynamic Threat Intelligence – real-time 13M+ malicious IP blocklist with continuous updates and automated blocking.
- Operational Visibility – dashboards/SIEM integration, packet-level drill-downs, and adaptive rules for rapid action.
Model Context Protocol (MCP), in practice
MCP standardizes how AI agents securely discover, request, and use tools/data from external systems, enforcing auditable permissions and least-privilege policies.
In Phase One, Reality Border uses MCP to:
- Normalize AI-Agent Tooling — Airweb.ai and IQ2Call.ai expose capabilities as MCP tools behind ARx (e.g., Knowledge Ops; secure webhooks/email/SMS; IQ2Call call control: initiate/end calls, warm transfers, Dual-Tone Multi-Frequency (DTMF), post-call notes; scheduling/CRM handoffs). All are schema-described to eliminate ad-hoc integrations.
- Enforce Policy at the Edge — Every MCP request/response is fronted by ARx (reverse proxy + four-layer defense); malicious sessions are challenged or blocked in real time.
- Auditability & Least-Privilege — MCP scopes and per-tool policies restrict actions (e.g., read-only KB); ARx dashboards/SIEM deliver end-to-end observability (who/what invoked which tool, parameters, security verdicts).
Why it matters
Static defenses struggle against fast-moving, automated adversaries. ARx’s preemptive, deception-driven approach halts threats before impact, while MCP turns Airweb and IQ2Call into well-governed, least-privilege clients of enterprise systems—reducing risk without sacrificing speed.
This is only the beginning. IQSTEL and Cycurion are building a powerful AI-enhanced cybersecurity ecosystem. With IQSTEL’s AI services now protected by Cycurion’s advanced ARx platform, the next phase will go beyond defense — delivering solutions where AI takes the lead in cyber protection, predicting, adapting, and neutralizing threats before they emerge.
About Cycurion Inc.
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future.
IQST – IQSTEL Becomes a Debt-Free Nasdaq Company With No Convertible Notes or Warrants and Plans to Give $500,000 in Shares as Dividend by the End of the Year
Published
Oct 9, 2025 8:45am EDT
IQSTEL Eliminates All Convertible Notes, Completes Full Payment of QXTEL and Globetopper Acquisitions, and Accelerates Cycurion Partnership
NEW YORK, Oct. 9, 2025 /PRNewswire/ — IQSTEL Inc. (NASDAQ: IQST), a Global Connectivity, AI & Digital Corporation, proudly announces it has eliminated all convertible notes from its balance sheet and fully paid for its most recent acquisitions, QXTEL and Globetopper.
With this achievement, IQSTEL has officially become a debt-free company — with no convertible notes and no warrants outstanding — reinforcing its solid financial foundation and long-term commitment to creating shareholder value.
“This is a defining moment for IQSTEL,” said Leandro Iglesias, CEO of IQSTEL Inc. “We have completely eliminated convertible debt and finalized full payment for our latest acquisitions. IQSTEL is stronger, cleaner, and better positioned than ever to execute our growth strategy and deliver consistent value to shareholders.”
A Strong Balance Sheet and Strategic Flexibility
IQSTEL officially enters the select club of debt-free companies, standing out with $17.41 in assets per share and a clean capital structure with zero convertible debt and no warrants outstanding.
This solid financial foundation gives IQSTEL the strength and flexibility to continue executing its growth strategy, supported by a robust balance sheet that reinforces investor confidence.
Building Shareholder Value: $500,000 Dividend Planned
This milestone is a concrete demonstration of how IQSTEL creates shareholder value — reducing liabilities, increasing tangible assets, and delivering real financial benefits.
In conjunction with this financial progress, IQSTEL plans to distribute a $500,000 dividend in shares before the end of 2025, as part of its strategic partnership with Cycurion.
This dividend underscores IQSTEL’s commitment to rewarding shareholders while executing strategic initiatives that expand high-margin business lines and strengthen long-term value creation.
Accelerating Cycurion Partnership and AI-Driven Cybersecurity
IQSTEL is now accelerating its collaboration with Cycurion, developing and deploying AI-enhanced cybersecurity services for the global telecom and enterprise markets.
Through this partnership, IQSTEL has entered the cybersecurity arena with a trusted U.S. government-certified technology provider, expanding its portfolio of Telecom, Fintech, AI, and Digital services.
“Eliminating debt, paying off acquisitions, delivering dividends, and expanding into high-tech verticals like AI and cybersecurity — this is how IQSTEL continues to build long-term shareholder value,” added Iglesias.
Financial Growth Objectives
IQSTEL’s roadmap remains on track, with a goal to achieve a $15 million EBITDA run rate in 2025 and a $1 billion revenue run rate by 2027, reinforcing its evolution into a Global Connectivity, AI & Digital Corporation.
IQSTEL Launches Investor Landing Page
To enhance transparency and provide easy access to corporate updates, IQSTEL has launched its official Investors Landing Page, a dedicated portal summarizing key financial metrics, strategic milestones, and news updates.
NEWS
5 hours ago
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Oct 9, 2025
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Sep 24, 2025
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IQST – IQSTEL Fintech Division Accelerates EBITDA Growth with Globetopper Contribution
Sep 16, 2025
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Driving the Digital Revolution: iQSTEL Inc. on the Path to a Billion-Dollar Valuation
Sep 3, 2025
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