The proposed transaction is expected to add approximately $4.5 million in annual net income and expand iQSTEL's digital-services reach.
What was announced
iQSTEL, Inc. announced a binding memorandum of understanding to acquire a 51% controlling interest in ULTRANET Telecom Group, describing the proposed transaction as the largest in the company's history.
According to iQSTEL's shareholder update, the combination is expected to add approximately $4.5 million in annual net income from operations, contribute to roughly $9 million in combined adjusted EBITDA and add approximately $13 million in shareholders' equity.
The company also said ULTRANET's operator network could expand the addressable market for iQSTEL's digital services to as many as 23 million users.
Source
Read the complete issuer announcement and supporting public materials for full context, assumptions and risk information.
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