IQSTEL Inc. Accelerates Global Fintech Expansion with Acquisition of 51% Stake in GlobeTopper

Reuters
2025/05/30
IQSTEL Inc. Accelerates Global Fintech Expansion with Acquisition of 51% Stake in GlobeTopper

IQSTEL Inc. $(IQST)$, a leader in telecommunications and emerging technologies, has announced a definitive agreement to acquire a 51% stake in GlobeTopper, a fintech innovator with operations across America, Europe, and Africa. The transaction, effective July 1, 2025, marks a significant step in IQSTEL's plan to reach $1 billion in revenue by 2027. The deal is valued at up to $700,000, including staged cash payments and IQSTEL common stock. GlobeTopper will continue to be led by CEO Craig Span as it integrates into IQSTEL's Fintech Division. This acquisition enables IQSTEL to expand its fintech footprint globally and tap into GlobeTopper's existing client base, which includes prominent multinational brands.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iqstel Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: FL98995) on May 29, 2025, and is solely responsible for the information contained therein.

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