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KonaTel, Inc. disclosed that its majority-owned subsidiary, IM Telecom, received notice from the Federal…
KTELKonaTel, Inc.
KonaTel, Inc. disclosed that its majority-owned subsidiary, IM Telecom, received notice from the Federal Communications Commission regarding alleged violations of Lifeline program rules on July 27, 2026. KonaTel owns a 51% interest in IM Telecom, which operates as a standalone partnership with Excess Telecom holding the remaining 49%. The company stated it believes IM Telecom is not in violation and will respond directly to the FCC. KonaTel receives monthly distributions of $16,500 from IM Telecom but anticipates these payments decreasing by approximately 12% monthly over the next one to two years as the company shifts focus toward its Hosted Services solutions operated by Apeiron Systems. The telecommunications industry involves wireless communication services and hosted IT infrastructure.