---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-26-000183"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2026-06-04T22:15:41+00:00"
generated_at: "2026-06-05T10:10:11.493426+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# iQSTEL signs binding MOU to acquire 51% of Ultranet Telecom for $17.6M, adds ~$130M revenue

## Summary
- Consideration: $17.6M ($7M cash, up to $10.6M contingent on net income targets of $4.5M Y1 and $9.5M cumulative).
- Ultranet expected to add ~$130M annual revenue and ~$4.5M net profit, pushing IQSTEL above $500M revenue run rate.
- 60% of consideration performance-based; definitive agreement within 60 days; close targeted Q3 2026.
- Ultranet operates across 6 African countries with exclusive SMS gateway agreements with leading mobile operators.
- Ultranet's CEO Raymond Oppong-Dapaah to continue leading operations; IQSTEL obtains majority board control.

## SEC filing metadata
- accession: 0001663577-26-000183
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2026-06-04T22:15:41+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357726000183/0001663577-26-000183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357726000183/iqst8k060426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-26-000183
- JSON: https://secwatch.observer/filing/0001663577-26-000183.json
- Plain text: https://secwatch.observer/filing/0001663577-26-000183.txt

## Key facts
- Material Agreements
  iQSTEL Inc entered into Binding Memorandum of Understanding with Ultranet Telecom Group and its shareholders, Raymond Oppong-Dapaah and Mohsin Ali valued at US$17,600,000 (effective 2026-06-03).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Ultranet Telecom Group and its shareholders, Raymond Oppong-Dapaah and Mohsin Ali
  - Value: US$17,600,000
  - Effective: 2026-06-03
  source text: On June 3, 2026, iQSTEL Inc. (the “Company”) entered into a Binding Memorandum of Understanding (the “MOU”) with Ultranet Telecom Group and its shareholders, Raymond Oppong-Dapaah and Mohsin Ali (collectively, the “Sellers”), pursuant to which the Company agreed to acquire a 51% controlling interest in the Ultranet Telecom Group (the “Ultranet Business”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357726000183/0001663577-26-000183-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.