IQSTEL authorizes up to 1M share buyback; signs MOU for 51% of Ultranet, expected to add $4.5M net income

iQSTEL Inc

Board authorizes repurchase of up to 1,000,000 shares, funded by QXTEL dividends; no expiration date.
CEO says current valuation is disconnected from company's worth; no convertible notes or warrants outstanding.
Signed binding MOU to acquire 51% of Ultranet Telecom Group; expected to increase net income ~4X based on FY2025 audit.
Ultranet acquisition projected to contribute approximately $4.5 million in annual net income.
Repurchases may occur via open market, private transactions, or Rule 10b5-1 plans.

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