IQSTEL Authorizes Up to 1 Million Share Repurchase and Plans Majority Stake Acquisition in Ultranet Telecom Group
June 9, 2026
IQSTEL’s board approved a share repurchase program authorizing the company to buy back up to 1 million shares, citing a perceived disconnect between market valuation and intrinsic business value. In a separate transaction, IQSTEL also signed a binding memorandum of understanding to acquire a 51% stake in Ultranet Telecom Group, with expected material uplift to net income from operations.
- Buyers
- IQSTEL
- Targets
- Ultranet Telecom Group
- Industry
- Telecommunications
- Transaction Type
- Growth capital
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