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IQSTEL to quadruple net income with $130M ULTRANET acquisition, expanding digital services to 23M users.

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

IQSTEL announced a binding agreement to acquire a 51% stake in ULTRANET Telecom Group, marking its largest deal ever and expected to quadruple its net income by adding $4.5 million annually. This acquisition boosts IQSTEL's revenue by $130 million, expands its presence to six African countries, and strengthens its balance sheet with $13 million in added equity. Beyond telecom, IQSTEL is accelerating its shift to high-margin digital services like fintech, AI, and cybersecurity, targeting a potential market of 23 million users through its global network. The deal positions IQSTEL halfway to its $15 million EBITDA goal and supports its ambition to reach $1 billion in revenue by 2027.

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