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IQSTEL board approves repurchase of 1M shares, citing undervaluation and growth prospects.

Company Fundamentals
08 Jun 2026
PRNewsWire
View Source
Bullish
pluang ai news

IQSTEL Inc. announced its Board of Directors has authorized a repurchase program for up to 1,000,000 shares, funded partly by dividends from its subsidiary QXTEL. The move reflects confidence in the company's financial strength and belief that the current market price undervalues its business fundamentals and growth potential. IQSTEL has expanded across telecom, fintech, AI, and cybersecurity sectors, serving over 600 telecom operators globally. The company also plans to acquire a 51% stake in Ultranet Telecom Group, expected to quadruple net income and boost profitability, further enhancing shareholder value.

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