San Diego, CA – February 8, 2022 –NextLevel Internet (“NextLevel” or “Company”), a nationwide cloud-based voice, internet, and unified communication service provider, announced the close of its sale to Digerati Technologies, Inc (OTCQB: DTG). Digerati is a leading provider of cloud services specializing in UCaaS (Unified Communications as a Service) and broadband solutions for the small to medium-sized business (“SMB”) market.
The sale of NextLevel to Digerati will help Digerati to expand its growing nationwide footprint and add a strong West Coast presence. NextLevel brings nearly 1,000 SMB clients with over 12,000 users. On a consolidated basis and as a result of this acquisition, Digerati’s operating subsidiaries will now serve more than 4,000 business customers and approximately 45,000 users. Digerati its operating subsidiaries will, in aggregate with the addition of NextLevel, generate approximately $31.5 million in annual revenue, based upon annualized results for the quarter ending October 31, 2021. The addition of NextLevel is expected to have a positive impact on the consolidated EBITDA and operating income for Digerati during FY2022.
“I am excited about the transaction and for the going-forward opportunity for the NextLevel team of employees,” said Jerry Morris, Founder of NextLevel Internet. “Digerati shares a similar vision of providing exceptional client experiences and an amazing corporate culture. I have no doubt of their continued success in the future.”
“Digerati is the best choice for the NextLevel team to partner with,” said Jeff Posner, Chief Finance Operator, and co-Founder of NextLevel Internet. “With a like-minded culture and a common technology stack, NextLevel clients and partners will continue to receive exceptional service and solid product offerings.”
About NextLevel Internet®
Founded in 1999, NextLevel Internet is a leading provider of cloud-based Unified Communications and Collaboration (“UC&C”), Contact Center, and Managed Connectivity services. Founded in 1999 and headquartered in San Diego, California, NextLevel offers a full suite of UCaaS services nationwide and operates a high-capacity broadband network with extensive reach and a multi-carrier infrastructure. NextLevel is known for providing amazing client experiences with its managed installation process, backed by a team of experienced engineers and project managers, and its high-touch Client Support and in-house, live-answer tech support representatives. To learn more please visit us www.nextlevelinternet.com
About Digerati Technologies, Inc.
Digerati Technologies, Inc. (OTCQB: DTGI) is a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the business market. Through its operating subsidiaries T3 Communications (T3com.com), Nexogy (Nexogy.com), SkyNet Telecom (Skynettelecom.net) and NextLevel Internet (nextlevelinternet.com), the Company is meeting the global needs of small businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on its broadband network. The Company has developed a robust integration platform to fuel mergers and acquisitions in a highly fragmented market as it delivers business solutions on its carrier-grade network and Only in the Cloud™. For more information, please visit www.digerati-inc.com and follow DTGI on LinkedIn, Twitter and Facebook.