IQSTEL signs binding MOU to buy 51% stake in Ultranet Telecom Group

iQSTEL, Inc.

iQSTEL, Inc.

IQST

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  • Iqstel signed a binding MOU to buy 51% of Ghana-based Ultranet Telecom Group, expanding its Africa footprint.
  • Ultranet is projected to add about $130 million revenue and about $4.5 million net profit, based on FY 2025 audited results.
  • The deal would lift Iqstel above a $500 million annualized revenue run rate, supporting its push toward a $1 billion scale target.
  • 60% of consideration is tied to Ultranet meeting net income targets over the next 24 months.
  • Definitive purchase agreement targeted within 60 days, with closing targeted in Q3 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iqstel Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606040815PR_NEWS_USPR_____FL76086) on June 04, 2026, and is solely responsible for the information contained therein.

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