QualityStocksNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Announces Definitive Agreement to Acquire National Wholesale Voice, Data Network Services Provider
Spectrum Global Solutions (OTCQB: SGSI), a single-source provider of next-generation communications network and professional services to telecommunications and enterprise markets, has entered into an agreement to acquire Telecom Assets Corp., ("TAC") a wholesale network services provider with network footprint and licenses in the northeast, southeast and Texas. As part of the agreement, SGSI also formed a Delaware corporation, SVC Inc. (“SVC”), which will manage the business under an interim transition services agreement. The announcement noted that the planned transaction, which is expected to be accretive to earnings upon closing, will be made through a combination of cash and stock valued…
