Jul. 15 at 11:48 AM
$IQST IQSTEL Inc. has executed a binding Memorandum of Understanding (MOU) to acquire a 51% controlling interest in ULTRANET. This transaction significantly strengthens IQSTEL’s operational capacity and market reach, with execution THIS QUARTER, over the next 60 days, and the addition of the following estimated financial metrics:
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$130M in Revenue
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$4.5M in Net Income
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$13M in Shareholders’ Equity
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$21M in Total Assets
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$6M in Combined Adj. EBITDA
This strategic integration scales IQSTEL’s revenue run rate to approximately
$560M, further diversifying and expanding its footprint across Africa. The move underscores the company’s ongoing commitment to high-value, high-margin growth through specialized subsidiaries and strategic alliances.
