Followers | 199 |
Posts | 21795 |
Boards Moderated | 2 |
Alias Born | 11/07/2005 |
Tuesday, February 26, 2019 9:37:07 AM
Hammer Fiber Optics Holdings Corp and WCI Announce LOI to Provide Wireless Services in Jamaica
PISCATAWAY, N.J., Feb. 26, 2019 (GLOBE NEWSWIRE) -- Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) and WCI announced the signing of their second LOI to provide fixed wireless, mobile data, voice and SMS services in Jamaica. As planning and construction is underway in Sierra Leone and Dominica, Hammer and WCI continue their expansion plans in the Caribbean. According to the terms of the LOI, Hammer Wireless and WCI will jointly own Woke Communications, their local Jamaican subsidiary.
As part of the transaction WCI will provide the licensing, legal and regulatory framework, as well as day-to-day in-country staffing. Hammer will provide the equipment, engineering, remote-management and NOC as well as certain back-office functions. Glen Simon and Sean Partington, WCI’s partners, will be joined by Erik Levitt and Kristen Vasicek from Hammer Wireless. Further details of the transaction will be announced upon signing a definitive agreement.
Woke has obtained the necessary licenses and spectrum grants to offer fixed wireless, mobile data and smart city services on the island. “We are very excited to be working with our partners at WCI on a second project,” said Erik Levitt, Hammer’s CEO. “The Caribbean will be a strong market for us moving forward.”
“We look forward to continuing our work with Hammer’s team,” said Glen Simon, the CEO of Woke. “Our combined team has a great deal of experience in the market, and we are poised to grow at a rapid pace.”
“This latest announcement shows that our Mobile Network Service Provider program can be deployed effectively across multiple markets with a variety of individual use cases,” commented Kristen Vasicek, Hammer’s COO. Hammer announced the MNSP program in July of 2018. The program provides a template for small and mid-sized operators to deploy fixed wireless, mobile networks, OTT or smart cities while minimizing their upfront capital expenditure.
Have a great low float, or killer chart to share with our group of traders?
Post it up on my new board!
Sweet Crude's - Low Float and Chart Plays (please join)
http://investorshub.advfn.com/boards/board.aspx?board_id=21852
Recent HMMR News
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 05/08/2024 04:27:17 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/16/2024 04:33:37 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 10/30/2023 08:30:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/22/2023 04:28:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/14/2023 09:46:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/01/2023 06:12:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2023 11:53:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2023 05:32:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2023 03:34:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2023 04:50:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/12/2023 02:17:50 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM