M&A Deal Summary

iQSTEL Acquires Smartbiz Telecom

On April 21, 2022, iQSTEL acquired communications company Smartbiz Telecom

Acquisition Highlights
  • This is iQSTEL’s 1st transaction in the Communications sector.
  • This is iQSTEL’s 1st transaction in the United States.
  • This is iQSTEL’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-04-21
Target Smartbiz Telecom
Sector Communications
Buyer(s) iQSTEL
Deal Type Add-on Acquisition

Target

Smartbiz Telecom

Miami, Florida, United States
Smartbiz Telecom is a fully licensed US carrier that provides top international and domestic voice termination and SMS services for both retail and wholesale customers. Smartbiz Telecom was founded in 2016 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

iQSTEL

Coral Gables, Florida, United States
Category Company
Founded 2011
Sector Communications
Employees70
Revenue 93M USD (2022)
DESCRIPTION

iQSTEL is a provider of communication services through its two business divisions and each of them with independent brands. The B2B division, Brand IQSTelecom offers Telecommunications, Internet of Things, Technology, and Blockchain platforms services, the target market for the B2B division is Global Markets. The B2C division, Brand EVOSS offers EV Electric Motorcycles, and Fintech Ecosystem, the target market for this business division in Latin America and the Spanish speakers in the USA. iQSTEL was incorporated in 2011 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 1 of 3
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-24 QXTEL

London, United Kingdom

QXTEL is an advanced & diversified telecommunications & technology services provider focused on retail & wholesale voice platform partitioning, wholesale carrier voice & messaging, and carrier technology services. QXTEL is headquartered in London (UK) with Regional Offices in Florida (USA), Buenos Aires (Argentina), Dubai (UAE) and Istanbul (Turkey).

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