iQSTEL Inc. to Acquire Remaining 49% of SwissLink Carrier AG via Phased Ownership Exchange
November 4, 2024
iQSTEL Inc. signed an MOU to acquire the remaining 49% of SwissLink Carrier AG by swapping ownership in SwissLink for iQSTEL common shares over a five-year period (10% ownership per year). The transaction is intended to fully consolidate iQSTEL’s Swiss and broader European telecom footprint while driving projected operational savings of up to $2 million annually.
- Buyers
- iQSTEL Inc.
- Targets
- SwissLink Carrier AG
- Sellers
- Mr. Koehler
- Industry
- Telecommunications
- Location
- Switzerland
- Transaction Type
- Buyout
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