IQSTEL Inc. (NASDAQ:IQST), a global Connectivity, AI, and Digital Services company, today announced a Binding Memorandum of Understanding ("MOU") to acquire a 51% controlling interest in Ultranet Telecom Group ("Ultranet"), a fast-growing telecom and technology company headquartered in Ghana with operations across Africa and international markets.

The transaction, expected to be the largest acquisition ever performed by IQSTEL, is projected to add approximately $130 million in annual revenue and approximately $4.5 million in net profit based on Ultranet's FY 2025 audited financial statements.

With this acquisition, IQSTEL reaches a major corporate milestone by surpassing a $500 million annualized revenue run rate, further accelerating the company's strategic path toward becoming a $1 billion global technology-driven corporation.