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.’”
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About Spectrum Global Solutions Inc.
Spectrum Global Solutions operates through its subsidiaries: AW Solutions, ADEX Corp and TNS. The company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and the Caribbean. For more information, visit the company’s website at www.SpectrumGlobalSolutions.com.
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