IQSTEL Acquires 51% of GlobeTopper

iQSTEL Acquires 51% Stake in QXTEL

January 23, 2024

Telecommunications

iQSTEL Inc. has entered into a binding agreement to acquire 51% of the capital stock of QXTEL, a wholesale telecommunications provider with offices across Miami, London, Buenos Aires, Istanbul, Belgrade and Dubai. Management said the deal nearly doubles iQSTEL's revenue, brings new wholesale carrier customers and executive talent, and will be integrated to drive operating efficiencies and margin expansion.

iQSTEL Acquires 51% Stake in Smartbiz Telecom

April 21, 2022

Telecommunications

iQSTEL, Inc. acquired a 51% interest in Smartbiz Telecom LLC in a deal consisting of $800,000 cash and $1,000,000 in restricted iQSTEL common stock. The acquisition gives iQSTEL a US foothold and access to Smartbiz's US voice termination, sales infrastructure and SMS capabilities; Smartbiz is expected to contribute to iQSTEL's topline and a projected $0.5M net income for FY2022.

iQSTEL Acquires 51% of Lynk Telecom

May 10, 2024

Telecommunications

iQSTEL Inc. agreed to acquire a 51% membership interest in Lynk Telecom (Lynktel), adding an estimated $20 million in annual revenue and $1 million in annual net income. The transaction strengthens iQSTEL's U.S. presence by integrating Lynk Telecom's wholesale and retail telecom services and is expected to close by July 1, 2024 following due diligence.

Iridium Communications Acquires Satelles

March 4, 2024

Telecommunications

Iridium Communications has agreed to acquire Satelles, a provider of satellite-based Satellite Time and Location (STL) services that harden and complement GNSS timing and location systems. Iridium will pay about $115 million for the remaining ~80% of Satelles (it already owned ~20%), will fold STL into a new Iridium business line led by Satelles CEO Dr. Michael O'Connor, and expects the capability to drive significant service revenue growth.

Gilat Satellite Networks Acquires Stellar Blu Solutions

June 17, 2024

Aerospace & Defense

Gilat Satellite Networks has acquired Stellar Blu Solutions, a U.S.-based provider of next-generation ESA-based SATCOM terminals for in-flight connectivity. Gilat paid $98 million at closing with up to $147 million of additional contingent cash payments tied to post-closing milestones; the deal strengthens Gilat's capabilities and market position in the commercial and business aviation IFC market.

Majesco Acquires Global IQX

October 3, 2022

Cloud & SaaS

Majesco has acquired Global IQX, a SaaS insurtech that provides underwriting workbench, enrollment and AI solutions, adding sixteen customers and product capabilities. The deal integrates Global IQX’s underwriting, enrollment and intelligence tools into Majesco’s L&AH policy and absence management portfolio to accelerate capability expansion, speed to market and digital transformation for insurers.