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Hammer Fiber Optic Holdings (OTC:HMMR) closes trio of acquisitions

Tony Zerucha

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Hammer Fiber Optic Holdings (OTC:HMMR) has closed on the acquisitions of 1stPoint Communications, LLC, Open Data Centers, LLC and Shelcomm. A fourth acquisition of Endstream Communications is pending regulatory approval. The terms of the acquisitions were released via an 8K on Sept. 12 and amended Nov. 6. The structure of the acquisitions is both accretive and non-dilutive to common shareholders.

“Upon closing the acquisitions Hammer now has all of the components in place to begin to execute on its ‘Everything Wireless’ strategy,” said Erik Levitt, Hammer’s CEO. The newly acquired assets include strong intellectual property in technology such as hosted carrier switching for both voice and SMS, CLEC licenses in Florida and New York, and a nationwide commercial mobile radio services license.

Through its subsidiaries Hammer will complement its carrier offerings with a variety of hosting services including cloud computing, virtual servers, virtual desktop and collaboration tools that fully integrate voice, video, messaging and file sharing. Open Data Centers offers colocation from its Piscataway, NJ facility and its edge data center in Homewood, Alabama.

Hammer’s ‘Everything Wireless’ strategy will include four key services: high speed fixed wireless using Hammer Wireless AIR technology, Mobility, OTT and Smart City.

“Our intention is to provide these services both directly to consumers as well as through unique programs such as the Mobile Network Service Provider (MNSP) program, announced jointly earlier in 2018,” said Kristen Vasicek, 1stPoint’s director of marketing.

“Wireless communications, mobility and cloud services represent the future of our industry,” Mr. Levitt said. “Whether it’s in the United States, developed or developing economies, Hammer’s breadth of services now has a place in markets worldwide.”

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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