iQSTEL Inc.: A New Era in Telecommunications and Blockchain Technology
New York, March 12, 2025 – iQSTEL Inc. (IQST), a leading telecommunications and technology company, is making waves in the industry with its latest announcement. The company has signed a Memorandum of Understanding (MOU) for the sale of its entire stake in ItsBchain LLC, a subsidiary that specializes in blockchain technology, to Accredited Solutions, Inc. (ASII).
The Deal:
According to the terms of the MOU, iQSTEL will transfer 100% of ItsBchain’s shares, representing 75% of the parent company’s total share capital, to Accredited Solutions. However, the deal is still subject to due diligence and the execution of a definitive agreement.
Impact on iQSTEL:
This sale represents a significant step forward for iQSTEL as it looks to focus on its core telecommunications business. ItsBchain has been a valuable addition to the company, but the subsidiary’s blockchain technology focus may not align perfectly with iQSTEL’s telecommunications business. By selling ItsBchain, iQSTEL can streamline its operations and allocate resources more effectively.
Impact on Accredited Solutions:
For Accredited Solutions, the acquisition of ItsBchain is an opportunity to expand its portfolio and offer new services to its clients. ItsBchain’s blockchain technology is a valuable asset, and Accredited Solutions can leverage this technology to create innovative solutions for its clients. The acquisition also adds to Accredited Solutions’ growing presence in the technology sector.
The Future:
The telecommunications industry is evolving, and the integration of blockchain technology is becoming increasingly important. This deal is a sign of things to come as companies look to adapt and stay competitive. iQSTEL’s decision to focus on its telecommunications business and sell ItsBchain is a strategic move that positions the company for success in a rapidly changing industry.
Conclusion:
iQSTEL’s announcement of the MOU for the sale of ItsBchain to Accredited Solutions is a significant development in the telecommunications and technology industry. The deal represents a strategic move for both companies, allowing iQSTEL to focus on its core business and Accredited Solutions to expand its portfolio. As the industry continues to evolve, we can expect to see more companies adapting and integrating new technologies to stay competitive.
- iQSTEL sells ItsBchain, a blockchain-based subsidiary, to Accredited Solutions
- Deal subject to due diligence and execution of a definitive agreement
- iQSTEL focuses on core telecommunications business
- Accredited Solutions expands portfolio and offers new services
- Industry trend towards integration of blockchain technology
