AcquisitionsJun 25, 2026, 03:41 PM
iQSTEL to acquire 51% of ULTRANET, expects 4x net income boost
AI Summary
iQSTEL Inc. announced a Binding Memorandum of Understanding to acquire a 51% controlling interest in ULTRANET Telecom Group, marking the largest transaction in its history. This acquisition is expected to boost IQSTEL's net income from operations by approximately four times, adding $4.5 million in annual net income and $130 million in annual revenue. The deal also strengthens the balance sheet with $13 million in added shareholders' equity and expands the company's footprint to around 30 countries, accelerating its shift towards a high-margin digital services platform.
Key Highlights
- Entered Binding MOU to acquire 51% controlling interest in ULTRANET Telecom Group.
- Expected to increase IQSTEL's net income from operations by approximately four times.
- ULTRANET to add $4.5 million in annual net income and $130 million in annual revenue.
- Combined Adjusted EBITDA projected to be approximately $9 million.
- ULTRANET to add $13 million in shareholders' equity and $21 million in total assets.
- Expands IQSTEL's operational footprint to approximately 30 countries.
- Accelerates transition to high-margin digital services with a 23 million user addressable market.
- Management aims for $1 billion in annual revenue by 2027.
Price Impact
More from IQST