iQSTEL Inc (IQST)

[lflhdy]

So is the acquisition done or not. Kind of conflicting when the pr says one thing but the company says it is complete,

iQSTEL and QXTEL have entered into a binding agreement for iQSTEL to acquire 51% of the capital stock of QXTEL. We expect all terms and conditions of this binding purchase agreement to be executed within no more than 60 days at which time 51% of QXTEL’s shares will be transfer to IQSTEL.

Hello iQSTEL Community,
We understand there has been some confusion regarding the 60-day period mentioned in our recent announcement about the acquisition of QXTEL. We want to clarify this for our shareholders and stakeholders:
✅ Acquisition Status: The acquisition of 51% of QXTEL by iQSTEL has been successfully executed. The due diligence process was completed effectively.
✅ 60-Day Period: The mentioned 60-day period is not for due diligence or finalizing the agreement. Instead, it is a standard procedural period where both iQSTEL and QXTEL ensure all aspects of the agreement's representations are meticulously managed and adhered to. This is a normal part of such strategic transactions.
✅ Moving Forward: This acquisition is a significant step in our journey to becoming a leading international wholesale telecommunications operator. It aligns with our strategy to boost our annual revenue significantly, aiding in our aim to list on the NASDAQ market.
🔗 Partner's Confirmation: For further assurance, our new partners at QXTEL have also shared a LinkedIn post confirming the agreement and expressing enthusiasm for our future collaboration.
https://www.linkedin.com/posts/qxtel-limited_iqstel-and-qxtel-announce-a-deal-to-become-activity-7155312271601127424-lAbe/?utm_source=share&utm_medium=member_ios
We hope this clears up any misunderstandings. We are thrilled about this development and look forward to a prosperous future together with QXTEL.
Thank you for your continued support.
— iQSTEL Team