iQSTEL Inc. to acquire 51% of Lynk Telecom, adding $20M in revenue and $1M in net income
Acquiring Company
iQSTEL
Acquired Company
Lynk Telecom
Coral GablesUnited StatesHardwareArtificial IntelligenceCyber SecurityHardwareDescription
iQSTEL Inc., a US-based, multinational publicly listed company, has executed an agreement to acquire a 51% membership interest in Lynk Telecom. This strategic acquisition is expected to add $20M in revenue and $1M in net income to iQSTEL, reinforcing its position and capabilities in the telecommunications and technology industry. The acquisition is a significant step for iQSTEL towards realizing its billion dollar annual revenue goal.
Quick answer
iQSTEL is acquiring Lynk Telecom, announced May 10, 2024. iQSTEL is based in Coral Gables, Florida, United States.
- How much did iQSTEL pay for Lynk Telecom?
- The deal value was not disclosed.
- Where are iQSTEL and Lynk Telecom based?
- iQSTEL is based in Coral Gables, Florida, United States. Lynk Telecom is based in United States.
- Who are the decision-makers at iQSTEL?
- Fundz holds 3 contacts at iQSTEL. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Hardware and Cyber Security
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- iQSTEL Inc. Announces $290 Million 2024 Annual Revenue Forecast, Driven by Recent Acquisitions, $290M (June 4, 2024)
- iQSTEL finalizes acquisition of 51% of QXTEL LTD., aiming at Nasdaq qualification (April 4, 2024)
- In-Telecom Consulting, LLC Acquires Lantana Communications to Expand Footprint into Texas (May 29, 2024)
- Aurionpro Solutions Limited acquires Arya.ai to strengthen Enterprise AI platforms for Financial Institutions (April 20, 2024)
- Stefanini Group completes acquisition of Brazilian Industry Leader Protega to Expand Cybersecurity Portfolio (April 3, 2024)
- Powerfleet, Inc and MiX Telematics Limited Complete Business Combination to Create Global AIoT SaaS Provider (April 2, 2024)
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- An alert the day iQSTEL raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Related People
Frequently asked
Who acquired Lynk Telecom?
Lynk Telecom was acquired by iQSTEL, based in Coral Gables. The deal was reported on May 10, 2024. iQSTEL is publicly traded (IQST) and operates in Hardware.
When did iQSTEL acquire Lynk Telecom?
iQSTEL's acquisition of Lynk Telecom was reported on May 10, 2024. iQSTEL Inc., a US-based, multinational publicly listed company, has executed an agreement to acquire a 51% membership interest in Lynk Telecom. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lynk Telecom do?
Lynk Telecom is a strategic acquisition for iQSTEL, adding substantial operating and net income in proportion to its revenue base and giving iQSTEL enhanced presence in the US market. It is privately held, operating in Hardware, and is based in United States.
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