IQSTEL to Acquire 51% of Ultranet Telecom, Boosting Annual Revenue Projections

In a move reflecting accelerated expansion into emerging markets, IQSTEL Inc. announced it has signed a binding MOU to acquire a 51% controlling interest in Ghana-based Ultranet Telecom Group. According to reports, the acquisition is projected to add approximately $130 million in annual revenue and $4.5 million in net profit. This deal positions the company on a trajectory to exceed a half-billion-dollar annual revenue run rate, marking its most significant acquisition to date.

This expansion comes as small-cap telecom firms seek growth in African markets to enhance profit margins through vertical integration. Compared to sector performance, adding $130 million to IQSTEL's revenue represents a substantial leap in operational scale, especially as the company aims to quadruple its net income from international operations. Per market data, this strategic move strengthens the company's competitive standing against peers in the global technology and telecommunications services sector.

Investors should monitor the transition of the MOU into a definitive agreement to ensure the projected financial targets are met. Looking at the economic calendar, traders are awaiting Fed Chair Powell's speech on May 31, 2026, which could influence financing costs for future acquisitions. Additionally, markets await the US ISM Manufacturing PMI on June 1, 2026, providing a signal on macroeconomic strength that impacts risk appetite for small-cap equities.