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Spectral Capital Corporation Signs Agreement to Acquire 42 Telecom Ltd., a Global Leader in Messaging Infrastructure
Prnewswireยท 2025-07-15 11:03
Core Viewpoint - Spectral Capital Corporation has entered into a binding agreement to acquire 100% of the equity of 42 Telecom Ltd., a Maltese-based telecommunications infrastructure provider, marking a strategic expansion into high-growth areas such as enterprise messaging, AI-enhanced fraud prevention, and quantum-integrated blockchain technology [1][4]. Company Overview - Spectral Capital Corporation is a deep technology company focused on AI technology and Quantum Computing, with over 20 years of expertise in accelerating emerging technologies [7][8]. - 42 Telecom Ltd. is recognized as a leading provider of international messaging infrastructure, particularly known for its SMS traffic into Vietnam, delivering billions of messages annually [2][9]. Transaction Details - Under the acquisition agreement, Spectral will issue 8,000,000 shares of common stock to Heritage Ventures Ltd., the sole shareholder of 42 Telecom, with an additional 8,000,000 shares placed in escrow for earnout and valuation protection tied to 42 Telecom's financial performance in 2025 and 2026, guaranteeing revenues of $15 million in 2025 [3]. - The transaction is subject to customary closing conditions, including regulatory and board approvals, and upon closing, 42 Telecom will become a wholly owned subsidiary of Spectral [6]. Strategic Implications - The acquisition provides Spectral access to advanced messaging infrastructure and a unique position in Southeast Asian markets, enhancing its enterprise client base [4]. - The combined capabilities of Spectral's technologies in compression, fraud prevention, and data mining, along with 42 Telecom's messaging gateway and compliance tools, will target enterprise messaging use cases in sectors such as healthcare, finance, and government [4][5]. Intellectual Property and Innovation - The acquisition is expected to add numerous patentable inventions to Spectral's intellectual property portfolio, including next-generation fraud detection and blockchain-integrated messaging verification frameworks developed by 42 Telecom [5].