AcquisitionsJun 5, 2026, 06:06 AM
iQSTEL to Acquire 51% of Ultranet Telecom for $17.6M, Boosting Revenue Run Rate
AI Summary
iQSTEL Inc. has entered into a Binding Memorandum of Understanding (MOU) to acquire a 51% controlling interest in Ultranet Telecom Group for US$17.6 million. This strategic acquisition is projected to significantly boost iQSTEL's revenue, pushing its annualized run rate above US$500 million, and is expected to add approximately US$130 million in annual revenue and US$4.5 million in net profit. The deal involves initial cash payments and contingent payments tied to performance targets, with an anticipated closing in Q3 2026.
Key Highlights
- iQSTEL Inc. signed a Binding MOU to acquire a 51% controlling interest in Ultranet Telecom Group for US$17.6 million.
- The acquisition is expected to add approximately US$130 million in annual revenue and US$4.5 million in net profit for iQSTEL.
- The deal will push iQSTEL's annualized revenue run rate above US$500 million.
- Consideration includes US$7 million in initial cash payments and up to US$10.6 million in deferred/contingent payments based on net income targets.
- Ultranet operates in Ghana, Nigeria, Mali, Burkina Faso, Senegal, and Ivory Coast, with international operations.
- The transaction is structured through a new UAE holding company and is expected to close in Q3 2026.
- Ultranet possesses six exclusive international SMS gateway agreements with leading African mobile operators.
Price Impact
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