$MSPC DD REPORT
MSPC announces the execution of LOI to acquire 51% of Miami-based Telco Operator Etelix USA for $2Million. The company did $1.3M in revenue in 2015, growing to over $4M in 2016 and is on a run-rate to do $7-8M in 2017. The company has been profitable since inception and boasts an EBITDA margin of approximately 9-10%. This is a very exciting acquisition for us, not only because it is a very fast-growing business, but because of the synergies that can be brought out from this acquisition. Not only will be able to offer Etelix's triple-play through their retail operation to our real estate projects, but more importantly we will be able to help them finance and build to suit, hosting buildings in secondary markets such as Charlotte, Atlanta, Ft. Lauderdale etc. Combining their tech-savviness and success in the telco and hosting/data industries with our real estate development and financing expertise, will prove to be a very successful combination. This acquisition once completed (no assurances are given) will be consolidated as a subsidiary with Metrospaces financials
Etelix: www.etelix.com/
