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Posted On: 03/06/2019 3:42:27 PM
Post# of 848
NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Cuts Debt, Reinforces Balance Sheet
Spectrum Global Solutions (OTCQB: SGSI), a leading telecommunications engineering and infrastructure services provider, recently reduced its debt and strengthened its balance sheet. An article discussing the company reads, “Spectrum Global Solutions announced that it was able to use an equity investment received in association with the earlier reported merger with WaveTech Global of roughly $1.1 million to satisfy debt owed to Libertas Funding LLC, which was incurred in connection with Spectrum’s acquisition of TNS. WaveTech Global is an international, next-generation energy and network monitoring services management company. In a news release, Roger Ponder, chief executive officer of Spectrum Global Solutions, stated, ‘Our ability to satisfy the Libertas debt within 30 calendar days saved the company thousands of dollars and freed up additional cash that was being used for amortization payments.’”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Spectrum Global Solutions (OTCQB: SGSI), a leading telecommunications engineering and infrastructure services provider, recently reduced its debt and strengthened its balance sheet. An article discussing the company reads, “Spectrum Global Solutions announced that it was able to use an equity investment received in association with the earlier reported merger with WaveTech Global of roughly $1.1 million to satisfy debt owed to Libertas Funding LLC, which was incurred in connection with Spectrum’s acquisition of TNS. WaveTech Global is an international, next-generation energy and network monitoring services management company. In a news release, Roger Ponder, chief executive officer of Spectrum Global Solutions, stated, ‘Our ability to satisfy the Libertas debt within 30 calendar days saved the company thousands of dollars and freed up additional cash that was being used for amortization payments.’”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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