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Kinetic Group, Inc. (OTC: KNIT) has partnered with International Monetary to enhance investor relations and seek new business opportunities. The agreement aims to raise awareness of KNIT in the marketplace and expand its shareholder base. Chairwoman Ana Maria Mendez expressed optimism about the deal, while International Monetary's Managing Director highlighted the potential growth for KNIT. The company focuses on telecom infrastructure in Latin America, emphasizing operational efficiency and compliance.
Kinetic Group (USOTC: KNIT) announced on May 27, 2022, a Letter of Intent to acquire GSS Infrastructure (GSSI) for a 100% equity stake. The all-stock purchase will provide KNIT with valuable telecom assets, including 50 tower sites and contracts with Telefonica Ecuador. This strategic acquisition aims to enhance KNIT's presence in Latin America, capitalizing on the region's 5G expansion opportunities. The transaction remains subject to conditions and definitive documentation.