iQSTEL Inc. (OTCPK:IQST) executed an agreement to acquire 51% stake in Lynktel, Inc. for $1.5 million on May 10, 2024. $1.5 million will be paid by the Seller to the Buyer in 12 consecutive monthly cash payments of $0.125 million each. The acquisition agreed to in the sales and purchase contract executed today is expected to close no later than July 1, 2024 after due diligence is completed.