iQSTEL to acquire 51% of Ultranet Telecom for $17.6M, adding $130M in annual revenue

Filed June 5, 2026 · Period ending June 3, 2026 · ~1 min read

Key Changes

• high

  iQSTEL signed binding agreement to acquire 51% controlling stake in Ultranet Telecom Group, a six-country African telecom operator, for $17.6M with closing targeted for Q3 2026.

  Item 1.01 verify on EDGAR →
• high

  Deal would add approximately $130M in annual revenue and $4.5M in net profit based on Ultranet's 2025 audited financials, pushing iQSTEL above $500M total revenue run rate.

  Item 1.01 verify on EDGAR →
• high

  Purchase price structured as $7M upfront cash over 90 days plus up to $10.6M in earnouts tied to hitting $4.5M year-one and $9.5M two-year cumulative net income targets, reducing execution risk.

  Item 1.01 verify on EDGAR →