IQSTEL Signs Binding MoU to Acquire Majority Stake in Ultranet Telecom Group

IQSTEL (NASDAQ: IQST) has signed a binding memorandum of understanding to acquire a controlling 51% stake in Ghana-based telecom company Ultranet Telecom Group. The announcement led to nearly a 15% drop in the stock price.

By Harsh Shukla, SA News Editor · Seeking Alpha · June 4, 2026, 12:28 UTC

IQSTEL Signs Binding MoU to Acquire Majority Stake in Ultranet Telecom Group

Topics: Africa expansion corporate strategy telecom

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