iQSTEL signs binding MOU to acquire 51% of ULTRANET, expects 4x net income boost

iQSTEL Inc

Binding MOU to acquire 51% controlling interest in ULTRANET Telecom Group; expected Q3 2026 close.
ULTRANET adds $130M annual revenue, $4.5M net income (~4x IQSTEL's current), $13M shareholders' equity.
Combined Adj. EBITDA of ~$9M, halfway to $15M target; expands IQSTEL to ~30 countries across Africa, LatAm, Europe.
Digital services platform (fintech, AI, cybersecurity) can reach 23M users via 2.3B global end-user base.
Management targets $1B revenue by 2027; Litchfield Hills Research reaffirms $18/share price target.

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