IQSTEL Closes First Financing Tranche Of Up To $3M In Senior Secured, Non-Convertible Promissory Notes For Planned Acquisition Of 51% Controlling Interest In Ultranet Telecom Group
Up to $3 million in two-year senior secured, non-convertible promissory notes closed — debt financing with no conversion feature. Ultranet generated $130.9 million in 2025 revenue, up 30%, with $5.0 million in EBITDA
IQSTEL borrowed $3 million to buy half of Ultranet Telecom. Ultranet is growing fast, so watch if IQSTEL can run it well and pay back the loan.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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