IQST - IQSTEL Closes Two-Year Non-Convertible Financing for Ultranet, a Profitable $131 Million-Revenue West African Telecom Platform Expected to Make IQSTEL Cash-Flow Positive on a Consolidated Basis
IQSTEL closed the first financing tranche for its planned 51% acquisition of Ultranet Telecom Group: up to $3 million in two-year senior secured, non-convertible promissory notes carrying 18% annual interest, plus pre-funded warrants for 420,000 shares. Ultranet, a West African SMS-gateway operator, generated $130.9 million in 2025 revenue (up 30%), $5.0 million in EBITDA and $4.6 million in net income, and is expected to make IQSTEL cash-flow positive on a consolidated basis at roughly $9 million in annualized adjusted EBITDA. The share purchase agreement is expected in November 2026 with closing targeted mid-Q1 2027.
Key figures
- Deal Value Usd
- $3 million
- Interest rate
- 18%
- Note term years
- 2
- Pro forma ownership
- 51%
- Ultranet ebitda 2025
- 5000000
- Ultranet revenue 2024
- 100900000
- Ultranet revenue 2025
- 130900000
- Ultranet revenue growth
- 30%
- Ultranet net income 2025
- 4600000
- Pre funded warrant shares
- 420000
- Operator outreach subscribers
- approximately 93 million
- Annualized adjusted ebitda target
- $9 million
- Ultranet cash flow from operations
- 5500000
- Microdrama 2027 subscription target
- 300000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.