Home > Boards > US OTC > Miscellaneous > Hammer Fiber Optics Holdings Corp. (HMMR)

News: Wireless Services in Jamaica!!!

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
sweet crude Member Profile
 
Followed By 184
Posts 19,080
Boards Moderated 3
Alias Born 11/07/05
160x600 placeholder
sweet crude   Tuesday, 02/26/19 09:37:07 AM
Re: None
Post # of 425 
News: Wireless Services in Jamaica!!!

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
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences