--- title: "iQSTEL to Acquire Majority Stake in ULTRANET Telecom" type: "News" locale: "en" url: "https://longbridge.com/en/news/290874396.md" description: "iQSTEL announced a binding agreement to acquire a 51% stake in ULTRANET Telecom, its largest transaction. The deal is projected to add $4.5M in annual net income and $130M in revenue by Q3 2026, expanding operations to ~30 countries. This strategic pivot aims to transition iQSTEL into a higher-margin digital services platform leveraging fintech and AI. While analysts maintain a Buy rating with a $17.69 target, TipRanks' AI analyst rates the stock Neutral due to weak financial performance despite strong growth." datetime: "2026-06-25T19:57:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290874396.md) - [en](https://longbridge.com/en/news/290874396.md) - [zh-HK](https://longbridge.com/zh-HK/news/290874396.md) --- # iQSTEL to Acquire Majority Stake in ULTRANET Telecom ### TipRanks' Prime Week Sale - 70% Off - Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. - Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. iQSTEL ( (IQST) ) has issued an announcement. On June 25, 2026, IQSTEL Inc. announced it had entered into a binding memorandum of understanding to acquire a 51% controlling stake in ULTRANET Telecom Group, a profitable, audited operator active in six African markets, in what management called the largest transaction in the company’s history. Based on ULTRANET’s 2025 audited results and an expected closing in the third quarter, the deal is projected to add about $4.5 million in annual net income and $130 million in revenue, lifting IQSTEL’s annualized run rate above $500 million, strengthening its balance sheet with additional assets and equity, and taking combined adjusted EBITDA to roughly $9 million, while expanding its operational footprint to around 30 countries. The company framed ULTRANET as a catalyst for both structural profitability and a strategic pivot from a pure telecom carrier to a higher-margin digital services platform, leveraging access to roughly 2.3 billion end users through more than 600 operator relationships. Management highlighted the opportunity to roll out fintech, cybersecurity, AI, digital health, and digital content offerings across this base, including an underserved African channel and potential expansion into the Middle East and Asia, as well as IQSTEL’s rapid revenue growth from $13.8 million in 2018 to a projected $560 million year-end run rate in 2026, which underpins ambitions to reach $1 billion in annual revenue and reinforces the company’s case for a higher valuation following an external analyst’s reaffirmed price target. The most recent analyst rating on (IQST) stock is a Buy with a $17.69 price target. To see the full list of analyst forecasts on iQSTEL stock, see the IQST Stock Forecast page. **Spark’s Take on IQST Stock** According to Spark, TipRanks’ AI Analyst, IQST is a Neutral. The score is held back mainly by weak financial performance—thin margins, ongoing losses, and negative cash flow—despite strong revenue growth and a cleaner balance sheet with zero debt. Technicals remain broadly bearish with the stock below key moving averages. Offsetting factors include constructive earnings-call guidance and strategic actions (buyback and a profitability-accretive acquisition plan), but execution and dilution risks keep the overall score below average. To see Spark’s full report on IQST stock, click here. **More about iQSTEL** IQSTEL Inc. (NASDAQ: IQST) is a global telecom and technology company operating in 21 countries with more than 600 interconnections, providing international voice, SMS, messaging, connectivity, and mobile financial services to telecom operators and enterprise clients. Built through organic growth and acquisitions, the company is broadening into AI-powered communications and cybersecurity via its RealityBorder.com AI division and a Cycurion partnership, positioning itself as a diversified digital services provider. **Average Trading Volume:** 918,348 **Technical Sentiment Signal:** Strong Sell **Current Market Cap:** $8.08M ### Related Stocks - [IQST.US](https://longbridge.com/en/quote/IQST.US.md) - [CYCU.US](https://longbridge.com/en/quote/CYCU.US.md) - [IQSTD.US](https://longbridge.com/en/quote/IQSTD.US.md) - [CYCUW.US](https://longbridge.com/en/quote/CYCUW.US.md) ## Related News & Research - [Iqstel shareholder consent clears issuance beyond 19.99% cap under USD 50 million M2B equity line](https://longbridge.com/en/news/293973874.md) - [iQSTEL reports Preliminary 1H results](https://longbridge.com/en/news/292938717.md) - [Don't like AI? 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