iQSTEL Inc. (NASDAQ:IQST) is a global technology company that has steadily expanded its footprint across multiple high-growth industries, positioning itself as a diversified provider of telecom, fintech, artificial intelligence, and cybersecurity solutions. Headquartered in New York, the company operates in 21 countries and employs a workforce of over 100 professionals, serving a wide base of international clients. Its origins are rooted in traditional telecommunications, where services such as voice and SMS termination established a solid foundation. Over time, iQSTEL has leveraged this expertise to build strong partnerships with major global telecom operators, including Telefonica, Telecom Italia, Vodafone, and British Telecom, relationships that continue to anchor its expansion strategy today.
The company has consistently demonstrated its ability to evolve and adapt to the fast-changing technology landscape. While telecom services remain integral to its business model, iQSTEL has deliberately expanded into higher-margin digital offerings, such as AI-powered telecom platforms, fintech solutions, and cybersecurity products. This shift reflects a strategic emphasis on profitability, innovation, and the need to capture opportunities in rapidly growing markets beyond legacy telecom operations. By layering these emerging technologies onto its established platform, iQSTEL has created a blended model that balances stable revenue streams with high-growth potential.
Leadership has been a key factor in driving iQSTEL’s trajectory. CEO Leandro Jose Iglesias, an engineer with deep industry experience, and CFO Alvaro Quintana Cardona, a finance leader who has worked alongside Iglesias for nearly 20 years, form a leadership duo that combines technical expertise with financial discipline. Their longstanding collaboration has enabled the company to surpass forecasts consistently over the last seven years. Importantly, their strategy includes rigorous due diligence in acquisitions and a unique practice of retaining founders of acquired companies to preserve customer relationships and ensure continuity during integration. This approach has fueled growth while safeguarding operational stability.
Financially, iQSTEL is pursuing bold targets that underscore its ambition. Management has set a goal of achieving $15 million in EBITDA by 2026 and scaling revenue to $1 billion by 2027, supported by a forecast of $340 million in revenue for FY-2025. The company has already demonstrated the capacity to exceed milestones ahead of schedule, reinforcing investor confidence in its execution capabilities. Its growth plan combines organic expansion with strategic acquisitions, each designed to strengthen its margin profile, broaden its portfolio, and deepen its presence in digital markets.
At its core, iQSTEL is not just a telecom company but a global digital enterprise focused on connectivity, innovation, and long-term value creation. By combining the stability of its telecom operations with the scalability of fintech, AI, and cybersecurity solutions, the company is building a resilient and future-proof business. With strong leadership, ambitious growth targets, global reach, and a history of over-delivering on commitments, iQSTEL stands as a compelling growth story for investors seeking exposure to the convergence of telecom and next-generation digital services.
Bold Financial Targets Backed by Track Record
In a recent interview, CEO Leandro Jose Iglesias and CFO Alvaro Quintana Cardona restated the company’s ambitious targets of $15 million in EBITDA by 2026 and $1 billion in revenue by 2027. These goals are supported by a history of surpassing forecasts, with management highlighting consistent execution over the past seven years. For FY-2025, iQSTEL is forecasting $340 million in revenue, reflecting its accelerating trajectory.

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Leveraging Telecom Partnerships for Digital Transformation
Traditional telecom services like voice and SMS termination remain a core revenue source for iQSTEL. However, the company is strategically leveraging its long-standing partnerships with major operators such as Telefonica, Telecom Italia, Vodafone, and British Telecom to launch higher-margin digital offerings. This includes AI-driven telecom platforms, fintech solutions, and cybersecurity products, all designed to capture new growth while building on existing customer relationships.
Leadership and Strategic Execution
CEO Leandro Iglesias brings deep engineering and telecom experience, while CFO Alvaro Cardona ensures disciplined financial oversight. Their nearly 20 years of collaboration has created stability and strategic alignment within the company. Management’s emphasis on transparent public reporting and thorough due diligence for each acquisition underscores their careful, long-term approach. Notably, iQSTEL often retains the founders of acquired companies to maintain customer relationships and operational expertise.
Building Scale Through Acquisitions and Innovation
Acquisitions are a core pillar of iQSTEL’s growth plan. Each deal is carefully vetted to ensure accretive impact, with founders often staying on board. This strategy not only adds new revenue streams but also preserves continuity for customers. By combining acquisitions with internal innovation, the company is steadily improving its margin profile and strengthening its competitive moat.
Financial Discipline and Shareholder Value
Beyond revenue growth, iQSTEL has taken steps to improve its balance sheet by reducing debt and strengthening equity. This financial discipline gives the company flexibility to continue its expansion without overextending. With ambitious EBITDA targets and a proven ability to deliver results, management has created a compelling case for long-term shareholder value.
Why iQSTEL Represents a Bullish Opportunity
iQSTEL’s combination of aggressive revenue targets, expansion into high-margin verticals, global telecom partnerships, and disciplined leadership forms the core of its bullish investment case. Its trajectory toward $1 billion in revenue by 2027, supported by a forecasted $340 million in FY-2025, suggests a growth runway that few small-cap tech companies can match. Investors looking for exposure to telecom, fintech, and AI-driven services in one diversified platform may find iQSTEL uniquely positioned for outsized returns.
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