$IQST IQST - IQSTEL Confirms Closing of GlobeToppe
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Posted On: 07/01/2025 9:00:15 AM
$IQST IQST - IQSTEL Confirms Closing of GlobeTopper Acquisition, Forecasting $34M Revenue and Positive EBITDA for H2 2025
NEW YORK, July 1, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a rapidly expanding multinational leader in telecommunications and emerging technologies, is pleased to announce that the previously disclosed acquisition of 51% of GlobeTopper (GlobeTopper.com) is now officially closed and effective as of July 1, 2025.
This milestone marks a major acceleration of IQSTEL's global fintech expansion strategy and positions the company to further solidify its path toward $1 billion in annual revenue by 2027.
Strong Financial Outlook for 2025 and Beyond
With the transaction now finalized, GlobeTopper is a consolidated subsidiary of IQSTEL and will begin contributing to IQSTEL's financial results starting in July 2025.
GlobeTopper is forecasting:
$34 million in revenue and $0.26 million in EBITDA for the second half of 2025
Starting with $5 million in revenue for July
Scaling up to over $6 million in December 2025
https://www.prnewswire.com/news-releases/iqst...95404.html
NEW YORK, July 1, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a rapidly expanding multinational leader in telecommunications and emerging technologies, is pleased to announce that the previously disclosed acquisition of 51% of GlobeTopper (GlobeTopper.com) is now officially closed and effective as of July 1, 2025.
This milestone marks a major acceleration of IQSTEL's global fintech expansion strategy and positions the company to further solidify its path toward $1 billion in annual revenue by 2027.
Strong Financial Outlook for 2025 and Beyond
With the transaction now finalized, GlobeTopper is a consolidated subsidiary of IQSTEL and will begin contributing to IQSTEL's financial results starting in July 2025.
GlobeTopper is forecasting:
$34 million in revenue and $0.26 million in EBITDA for the second half of 2025
Starting with $5 million in revenue for July
Scaling up to over $6 million in December 2025
https://www.prnewswire.com/news-releases/iqst...95404.html
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