IQST - IQSTEL Launches Share Repurchase Program, Signaling Strong Confidence in the Company's Intrinsic Value and Long-Term Growth Strategy

IQSTEL Inc. (NASDAQ: IQST) announced a share repurchase program authorizing the repurchase of up to 1,000,000 shares, funded by cash dividends from subsidiary QXTEL. The Board believes the current market valuation does not reflect the company's operational scale, asset base, and growth prospects. The announcement comes alongside a binding MOU to acquire a 51% stake in Ultranet Telecom Group, expected to increase net income by approximately 4X and contribute $4.5 million in annual net income.