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IQST – IQSTEL ANNOUNCES BINDING MOU TO ACQUIRE 51% INTEREST IN ULTRANET TELECOM GROUP, POSITIONING THE COMPANY ABOVE A HALF-BILLION-DOLLAR REVENUE RUN RATE AND INCREASING NET INCOME FROM OPERATIONS BY 4x

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Ultranet Expected to Contribute Approximately $130 Million in Revenue and Approximately $4.5 Million in Net Profit (based on FY 2025 audited financial statements)

NEW YORK, June 4, 2026 /PRNewswire/ — IQSTEL Inc. (NASDAQ: IQST), a global Connectivity, AI, and Digital Services company, today announced a Binding Memorandum of Understanding (“MOU”) to acquire a 51% controlling interest in Ultranet Telecom Group (“Ultranet”), a fast-growing telecom and technology company headquartered in Ghana with operations across Africa and international markets.

The transaction, expected to be the largest acquisition ever performed by IQSTEL, is projected to add approximately $130 million in annual revenue and approximately $4.5 million in net profit based on Ultranet’s FY 2025 audited financial statements.

With this acquisition, IQSTEL reaches a major corporate milestone by surpassing a $500 million annualized revenue run rate, further accelerating the company’s strategic path toward becoming a $1 billion global technology-driven corporation.

Additionally, 60% of the consideration is contingent upon Ultranet achieving specified net income targets over the next 24 months, aligning the interests of both parties and reinforcing a performance-driven transaction structure.

The parties anticipate that the transaction will support IQSTEL’s long-term growth objectives, subject to the completion of due diligence, the negotiation and execution of definitive agreements, and other customary closing conditions.

“In this transaction we are expanding our global footprint and operational scale,” said Leandro Iglesias, CEO of IQSTEL. “This is more than an acquisition, it is a strategic partnership combining Ultranet’s powerful African telecom platform with IQSTEL’s global commercial infrastructure, AI capabilities, and digital services vision. Together, we intend to accelerate Ultranet’s Africa growth and launch the Ultranet platform into the Middle East and Asia. Raymond Oppong-Dapaah and his management team will continue leading day-to-day operations and will now have access to greater financial resources, a larger global platform, and expanded technology capabilities to pursue significantly larger opportunities.”

Raymond Oppong-Dapaah, CEO and Owner of Ultranet Telecom Group, added: “We were looking for a strategic partner to accelerate our Africa growth and expand into the Middle East and Asia. IQSTEL brings global scale, financial strength, and a strong digital services vision that we believe will take Ultranet to the next level. By partnering with IQSTEL, we gain the ability to accelerate larger projects, enter new regions more quickly, and access a much broader international ecosystem.”

Ultranet’s Platform and Strategic Assets

Ultranet operates across Ghana, Nigeria, Mali, Burkina Faso, Senegal, and Ivory Coast, with commercial activities in Europe, Asia, and North America.

A key strategic asset of Ultranet is its portfolio of six exclusive international SMS gateway agreements with leading African mobile operators, granting sole international SMS routing rights in their respective markets. These strategic exclusivity agreements represent high-barrier-to-entry assets with recurring revenue characteristics and strong long-term commercial value.

Strategic Advantages of the Combination

The combined platform is expected to operate in approximately 30 countries across 5 continents. IQSTEL believes the transaction creates substantial strategic value through:

Expanded telecom infrastructure and carrier operationsAccelerated growth of high-margin Digital Services, AI, and fintechAcelerating our presence in  Africa, Middle East, AsiaStronger international interconnection capabilitiesOperational synergies and cost efficiencies

Transaction Timeline
The parties are working toward a Definitive Purchase Agreement within 60 days, with a target close in Q3 2026. Financial terms are not being disclosed at this time; additional details will be provided in a Current Report on Form 8-K to be filed with the SEC.

Additional Note: Management Participating in Podcast Today

The CEO of IQSTEL, Leandro Iglesias, and the CFO of IQSTEL, Alvaro Quintana, will be participating today at 11:00 a.m. in the Seth Farbman Podcast to discuss the company’s vision and the execution of its business plan.

https://podcasts.apple.com/us/podcast/seth-farbman-on-podcast-from-startup-to-stock-exchange/id1356667808

About Ultranet Telecom Group

Ultranet Telecom Group (www.ultranetgh.com) is a telecommunications and technology company headquartered in Ghana, providing integrated telecom, connectivity, messaging, and technology services across Africa and international markets. Ultranet operates telecom infrastructure and commercial operations across multiple African countries and maintains strategic relationships with major regional telecom operators.

About IQSTEL Inc.

IQSTEL Inc. (NASDAQ: IQST) is a global telecom and technology company operating in 21 countries with over 600 Telecommunication Carrier Interconnections. The company delivers international voice, SMS, messaging, connectivity, and mobile financial services to telecom operators and enterprise customers worldwide. Built through a decade of organic growth and strategic acquisitions, IQSTEL is now expanding into AI-powered communications and cybersecurity through its RealityBorder.com AI Division and Cycurion partnership.

For more information, please visit www.IQSTEL.com.

Official Investors Landing Page: www.landingpage.iqstel.com

Safe Harbor Statement:

Statements in this news release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions, including statements regarding the expected benefits, timing, and financial impact of the proposed Ultranet transaction. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”, “could” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business and the proposed transaction and are subject to risks and uncertainties. Important factors that could cause actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others: our ability to successfully complete the proposed acquisition, including obtaining required regulatory approvals from the Ghana NCA and Nigeria NCC and negotiating definitive documentation on acceptable terms; the risk that the transaction may not close or may close on terms different than expected; our ability to integrate Ultranet’s operations; Ultranet’s ability to achieve the projected revenue and net income targets; our continued ability to pay operating costs and meet demand; competition in the telecom sector; changes in cybersecurity and telecom markets; our ability to develop new products and services; our success with strategic alliances; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission.

These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and IQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

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SOURCE iQSTEL

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WISI Enables Greenlight to Modernize Video Delivery with ABR Receiver

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VANCOUVER, BC, June 4, 2026 /PRNewswire/ — WISI today announced the successful deployment of its ABR Receiver solution at Greenlight Community Broadband, enabling a more efficient and resilient approach to video delivery across business accounts.

As part of its network modernization, Greenlight is transitioning away from legacy satellite and analog infrastructure while continuing to support hospitality environments. With these services nearing end-of-life, maintaining separate residential and commercial video workflows created significant operational complexity.

By adopting WISI’s ABR Receiver with TiVo Managed IPTV, Greenlight now ingests TiVo-delivered ABR streams and converts them into multicast for commercial distribution. This eliminates duplicate headend processing and enables a single video workflow across residential and business services.

The solution is already in production, delivering multicast feeds to a local stadium, where content is distributed across multiple screens.

“WISI has been a great partner—innovative, responsive, and willing to work with us through unique integration challenges,” said Linwood Tyndall, Headend & IT Engineering Manager at Greenlight.

Beyond efficiency gains, the deployment provides built-in disaster recovery. By leveraging TiVo feeds fed through WISI’s ABR Receiver, Greenlight can quickly restore video services in the event of a disruption to its primary signal path—an option not previously available.

Additionally, WISI’s integrated diagnostics and responsive support team have improved day-to-day operations. Enhanced visibility and intuitive tools enable faster issue identification and resolution.

“The platform gives us much better visibility into what’s happening,” continues Linwood. “Combined with WISI’s responsive support, it’s significantly reduced the time it takes us to pinpoint and resolve issues.”

Looking ahead, Greenlight plans to expand the use of the ABR Receiver to serve additional commercial environments where traditional set-top box deployments are not practical.

“Operators are looking for ways to simplify video delivery while maintaining service across a variety of customers,” said Sharen Sandhu, VP Product at WISI America. “This deployment demonstrates how ABR-based workflows can extend beyond the home into commercial applications without increasing operational complexity.”

Learn more about WISI’s ABR Receiver: https://wisigroup.com/us/solutions/professional-abr-receiver/

About WISI

WISI employs 350 people worldwide at locations in Germany, France, Austria, Switzerland, Sweden, Spain, the United Arab Emirates, China, the United States of America and Canada. Of these, 140 employees work at the site in Germany. In addition, WISI works with more than 100 partners in all major international markets.

Almost 100 years ago, the successful path of the high-tech company began as one of the world’s pioneers in radio frequency and broadband technology. Modern broadband networks must be intelligent, powerful and scalable transport solutions. This is our business. As an innovator and technology integrator for key communications sectors, we are committed to innovation, now and in the future. For more information about WISI Communications, visit wisigroup.com.

About Greenlight Community Broadband

Greenlight Community Broadband is the City of Wilson’s fiber-to-the-home network. As a community-owned provider, Greenlight’s mission is to support Wilson’s economic health, enhances citizen’s lives, and improve the delivery of City services.

Since 2008, Greenlight has delivered fast, reliable fiber connectivity to its members. Today, Greenlight offers multi-gig internet, Greenlight TV, phone services, managed Wi-Fi, commercial services, and more. To encourage economic development, technology advancement, and entrepreneurship, Greenlight manages Gig East, Wilson’s innovation ecosystem. Through the Gig East Exchange coworking space and the Gig East Source smart agriculture testbed, Gig East connects thinkers, creators, and dreamers with the resources and infrastructure they need to thrive.

Greenlight is uniquely positioned to provide exceptional service thanks to its locally based team. When members contact Greenlight, they’re speaking with neighbors who understand and care about their community. Greenlight puts the community’s well-being at the center of all operations, and it is honored to serve Wilson. Learn more at www.greenlightnc.com.

View original content:https://www.prnewswire.com/news-releases/wisi-enables-greenlight-to-modernize-video-delivery-with-abr-receiver-302791257.html

SOURCE WISI

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Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice

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Key Points

Launching next quarter: Bank of America’s global cross-border real-time payments solution will enable corporate, commercial and financial institution clients to send and receive funds instantly via Swift or CashPro®.Built for high-volume, low-value flows such as person-to-person (P2P) and business-to-consumer (B2C) transactions that are expected to increase by 58% and 131%, respectively, by 2032.More speed and transparency: real-time tracking, full-principal delivery and lower costs—aligned to the G20 cross-border payment objectives.

LONDON and NEW YORK and MEXICO and SINGAPORE, June 4, 2026 /PRNewswire/ — Bank of America today announced plans to launch a cross-border real-time payments solution that will enable its corporate, commercial and financial institution clients to send and receive funds instantly through Swift or the bank’s flagship digital platform, CashPro®. The service will offer real‑time payment tracking, full-principal preservation and lower costs.

The service is expected to launch next quarter and will support high‑volume, low‑value international payments. Designed to address rising demand for faster and more transparent global payments, the new capability will support use cases such as international remittances, gig‑worker payouts, and e‑commerce marketplace vendor payments, among others. These P2P and B2C payment flows are expected to increase by 58% and 131%, respectively, by 2032.1

“Around the world, policymakers and financial institutions share a common goal: making cross‑border payments faster, more transparent, more affordable, and more accessible,” said Mark Monaco, head of Global Payments Solutions (GPS) at Bank of America. “This new capability directly supports the G20 payment objectives while giving our clients a scalable, reliable way to move money globally—without adding operational complexity.”

Solution leverages existing real-time networks
The offering will connect to several real‑time payment networks, including SPEI in Mexico, the Faster Payments Service in the United Kingdom, and Unified Payments Interface in India. Clients will also be able to receive inbound real‑time payments into the United States, where Bank of America serves approximately 70 million consumer and small-business clients. Funds will be delivered to beneficiaries in local currency, supporting improved certainty and usability.

Seamless connectivity
Corporate and financial institution clients will be able to access the service via Swift or their existing CashPro connectivity, whether through application programming interfaces (APIs) or host‑to‑host channels. This approach minimizes technical overhead while enabling rapid adoption across client segments.

Additional benefits include:

Payment tracking: Real‑time status visibility and confirmation once funds are credited.Principal preservation: No lifting fees or deductions—the full payment amount reaches the beneficiary.Reduced returns: Pre‑validation of recipient account information to help minimize failed payments.Precision timing: Payments can be initiated at any time, with funds typically delivered within seconds or minutes.

“We designed this solution with simplicity, trust, and scale in mind,” said Daniel Stanton, Payments Product Head in GPS at Bank of America. “By combining established payment rails with real‑time capabilities and seamless integration, we’re giving clients a practical new option for global payments.”

Frequently asked questions

Question: How does Bank of America’s new solution differ from traditional cross‑border payments?
Answer: Traditional cross‑border payments can involve intermediaries and longer settlement times or require costly investments into new technologies. This solution will leverage existing bank connectivity to domestic real‑time payment systems, requiring no investment in new technologies.

Question: What is the G20 cross‑border payments initiative?
Answer: The G20 cross‑border payments initiative, led by the Financial Stability Board (FSB) in collaboration with global standard‑setting bodies, was launched in 2020 to address long‑standing frictions in international payments. The initiative aims to make cross‑border payments faster, cheaper, more transparent and more inclusive, with global targets focused on improving speed, cost, access and transparency by 2027.

Question: What is CashPro?
Answer: CashPro is Bank of America’s digital banking platform for corporate and institutional clients. It provides a single point of access for payments, receivables, liquidity, foreign exchange, investments and trade services, and supports multiple connectivity options—including online, mobile, API and file‑based channels—to help clients manage global treasury operations securely and efficiently.

Question: What role does Bank of America play in global payments?
Answer: Bank of America is a global leader and innovator in payments. The bank helps companies and institutions process more than USD450 trillion in payments annually and invests approximately USD1 billion each year in payments technology.

Question: What is Swift?
Answer: Swift (Society for Worldwide Interbank Financial Telecommunication) is the world’s leading secure financial messaging service, connecting over 11,500 financial institutions and corporates across 200+ countries and territories. It enables, but does not physically move, funds for international transactions, ensuring secure, standardized communication.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
Louise Hennessy, Bank of America
Phone: 1.646.858.6471
louise.hennessy@bofa.com

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SOURCE Bank of America Corporation

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BREAKING NEWS: CHG EnSOL Launches AIDC PV Modules

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SHANGHAI, June 4, 2026 /PRNewswire/ — On June 3, the 19th (2026) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition grandly opened in Shanghai. Based on product iteration, ecosystem building, and full-domain deployment, CHG EnSOL showcased its industrialization achievements, application scenarios, and innovative advantages at Booth E630 in Hall 7.2H.

At this conference, the “Area of Future” at CHG EnSOL’s booth attracted much attention. By centrally displaying the company’s forward-looking layout and R&D achievements in cutting-edge technology fields such as AI computing power, space photovoltaics, PV-storage integration, and new energy power stations, and deeply integrating the concept that “the foundation of AI is clean energy”, the company has strategically upgraded from a “PV manufacturing enterprise”, demonstrating outstanding comprehensive strength in both AI underlying energy infrastructure construction and top-level strategic planning.

At the exhibition site, CHG EnSOL grandly launched CHG “ENSOL-AIDC” PV module. Amid the explosive growth wave of AI computing power, CHG EnSOL has made forward-looking arrangements. The strategic concept of “New Energy + AI + Computing Power” proposed by Chairman Yu Zhuyun has accelerated from top-level design to industrial practice. CHG “ENSOL-AIDC” modules are specifically designed for AI data center scenarios, achieving multi-dimensional breakthroughs in high power density output, environmental adaptability, and levelized cost of electricity.

The perovskite/silicon tandem space PV cell jointly developed by CHG EnSOL and Suzhou Heimian Optoelectronics Technology Co., Ltd. was showcased in the core area, the “Area of Future”, of the company’s booth. The two parties recently signed a strategic cooperation agreement, announcing the establishment of a joint venture to jointly develop perovskite/silicon tandem PV cell technology for space applications and promote the industrialization of R&D achievements.

It is reported that CHG EnSOL is intensifying its industry-university-research collaboration. The company held the unveiling ceremony of the “Innovation Joint Laboratory” with the Solar Energy Research Institute of Shanghai Jiao Tong University. The two parties will work together to build an innovation closed loop of “basic research – technology breakthrough – achievement application”, accelerating the efficient transformation of scientific and technological achievements into productive forces.

As the leader of clean and smart energy, during the exhibition, business/technology leaders of CHG EnSOL shared and introduced PV cell and module products, intelligent solutions for new energy power stations, zero-carbon smart green solutions, hydrogen-ammonia-alcohol-oil integration solutions, etc., fully demonstrating the company’s strong self-developed capabilities in multiple scenarios.

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View original content:https://www.prnewswire.co.uk/news-releases/breaking-news-chg-ensol-launches-aidc-pv-modules-302791652.html

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