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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

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 and