Digerati Technologies, Inc. announced that it has entered into an agreement to acquire a minority ownership stake in Itellum Comunicaciones Costa Rica S.R.L (“Itellum”). Under the agreement, Digerati will expand on its long-standing relationship with Itellum as a regional Partner and Value-Added Reseller (“VAR”) for its cloud communication services. Digerati’s purchase secures Itellum as an exclusive provider of Digerati’s services and positions the Company to better serve a growing region with business and cultural ties to the U.S. In addition, Digerati will enhance its management team with Timothy Foss, Founder and CEO of Itellum, who is taking the role of Vice President of International Business Development for Digerati, Mr. Foss relocated to Costa Rica eleven years ago to capitalize on the opportunities that occurred upon deregulation of the country’s telecom market. He has since secured key telecom licenses and established Itellum as a leading provider in the region with Internet, fiber optic, and cloud communication solutions tailored for the mid-size business or regional operations for the larger enterprise. Prior to founding Itellum, Mr. Foss held positions in the U.S. with Bell South, AT&T, and IDT Corporation as the Director of New Business Development - North America.