Digerati closes $5.8M acquisition of SkyNet Telecom; adds $3.4M annual revenue

Digerati Technologies, Inc.

Acquired SkyNet Telecom for $5.8M: $4.1M cash, $1M stock, $600K earn-out, $100K holdback.
SkyNet adds $3.4M in annual revenue; consolidated pro forma revenue of $18.5M.
Texas customer base grows 215% to 737 business customers; total subscribers exceed 3,100.
SkyNet expected to immediately contribute positively to EBITDA and operating income.
Acquisition funded via $20M Post Road Group financing facility.

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