IQSTEL Board Approves 1 Million Share Repurchase and 51% Ultranet Acquisition
IQST•IQSTEL’s Board approved a repurchase program of up to 1,000,000 shares funded by QXTEL dividends, underlining management’s belief that market valuation understates its asset base and platform. The company also signed an MOU to acquire 51% of Ultranet Telecom Group, expected to boost annual net income by $4.5 million.
1. Board Authorizes Share Repurchase
IQSTEL’s Board has authorized the repurchase of up to 1,000,000 common shares, reflecting management’s conviction that current trading levels do not capture the company’s intrinsic value. This action underscores leadership’s confidence in long-term growth prospects and commitment to disciplined capital allocation.
2. Funding Source and Financial Strength
The buyback will be funded, in whole or in part, by cash dividends received from QXTEL, one of IQSTEL’s core operating subsidiaries. IQSTEL reports hundreds of millions in annual revenue, tens of millions in assets, no outstanding convertible notes or warrants, and a platform reaching over 600 telecom operators and 2.3 billion end users.
3. Ultranet Acquisition to Quadruple Net Income
IQSTEL signed a binding MOU to acquire a 51% interest in Ultranet Telecom Group, a deal based on audited FY2025 results that is projected to quadruple net income. The acquisition is expected to contribute approximately $4.5 million in annual net income, accelerating the company’s focus on EBITDA expansion and profitability.
