Viper Networks Provides Update on the Acquisition of the Telecommunications Assets of Hammer Fiber Optic Holdings Corp
Viper Networks (OTCPK: VPER) has applied for regulatory approvals from the FCC and state authorities to complete the acquisition of Hammer Fiber Optic Holdings Corp's telecommunications assets, including Endstream Communications, and 1stPoint Communications, The closing date is expected in Q4, subject to approval. CEO Erik Levitt expressed confidence in meeting the anticipated timeline. Viper's new strategy, 'Everything Wireless,' comprises smart city, mobility, fixed wireless, OTT, and energy generation projects. The OTT segment, which includes wholesale voice, hosting, and messaging services, currently generates most of 1stPoint and Endstream's revenues. Last quarter, the acquired telecom businesses reported over $770,000 in revenue and positive cash flows. Viper aims to expand its mobile footprint in the U.S. and Caribbean markets, leveraging 5G technology. Chairman Farid Shouekani highlighted the acquisition's potential to enhance Viper's business objectives in fast-growing tech segments.
Viper Networks (OTCPK: VPER) ha richiesto approvazioni regolatorie dalla FCC e dalle autorità statali per completare l'acquisizione degli asset telecom di Hammer Fiber Optic Holdings Corp, compresi Endstream Communications e 1stPoint Communications. La data di chiusura è prevista nel quarto trimestre, soggetta ad approvazione. Il CEO Erik Levitt ha espresso fiducia nel rispettare la tempistica attesa. La nuova strategia di Viper, 'Everything Wireless', comprende progetti di smart city, mobilità, wireless fisso, OTT e generazione di energia. Il segmento OTT, che include servizi di voice wholesale, hosting e messaggistica, genera attualmente la maggior parte delle entrate di 1stPoint ed Endstream. Nell'ultimo trimestre, le aziende telecom acquisite hanno riportato oltre 770.000 dollari di fatturato e flussi di cassa positivi. Viper punta ad espandere la sua presenza mobile nei mercati statunitensi e caraibici, sfruttando la tecnologia 5G. Il presidente Farid Shouekani ha evidenziato il potenziale dell'acquisizione di potenziare gli obiettivi aziendali di Viper nei settori tecnologici in rapida crescita.
Viper Networks (OTCPK: VPER) ha solicitado aprobaciones regulatorias a la FCC y a las autoridades estatales para completar la adquisición de los activos de telecomunicaciones de Hammer Fiber Optic Holdings Corp, incluidos Endstream Communications y 1stPoint Communications. Se espera que la fecha de cierre sea en el cuarto trimestre, sujeta a aprobación. El CEO Erik Levitt expresó confianza en cumplir con la línea de tiempo prevista. La nueva estrategia de Viper, 'Everything Wireless', abarca proyectos de ciudad inteligente, movilidad, inalámbrico fijo, OTT y generación de energía. El segmento OTT, que incluye servicios de voz al por mayor, hosting y mensajería, actualmente genera la mayor parte de los ingresos de 1stPoint y Endstream. En el último trimestre, las empresas de telecomunicaciones adquiridas reportaron más de 770,000 dólares en ingresos y flujos de efectivo positivos. Viper busca expandir su huella móvil en los mercados de EE. UU. y el Caribe, aprovechando la tecnología 5G. El presidente Farid Shouekani destacó el potencial de la adquisición para mejorar los objetivos comerciales de Viper en segmentos tecnológicos de rápido crecimiento.
Viper Networks (OTCPK: VPER)는 Hammer Fiber Optic Holdings Corp의 통신 자산, 즉 Endstream Communications 및 1stPoint Communications의 인수를 완료하기 위해 FCC와 주 당국에 규제 승인을 요청했습니다. 마감일은 승인 여부에 따라 4분기로 예상됩니다. CEO Erik Levitt는 예상 일정을 준수할 수 있다고 확신했습니다. Viper의 새로운 전략인 'Everything Wireless'는 스마트 시티, 이동성, 고정 무선, OTT 및 에너지 생성 프로젝트를 포함합니다. 도매 음성, 호스팅 및 메시징 서비스를 포함하는 OTT 부문은 현재 1stPoint 및 Endstream의 수익 대부분을 차지하고 있습니다. 지난 분기 인수한 통신 기업들은 770,000달러 이상의 수익과 긍정적인 현금 흐름을 보고했습니다. Viper는 5G 기술을 활용하여 미국 및 카리브해 시장에서 모바일 입지를 확장하는 것을 목표로 하고 있습니다. 회장 Farid Shouekani는 인수의 잠재력이 Viper의 빠르게 성장하는 기술 부문에서 비즈니스 목표를 향상시킬 수 있음을 강조했습니다.
Viper Networks (OTCPK: VPER) a demandé des approbations réglementaires à la FCC et aux autorités locales pour finaliser l'acquisition des actifs de télécommunications de Hammer Fiber Optic Holdings Corp, y compris Endstream Communications et 1stPoint Communications. La date de clôture est prévue pour le quatrième trimestre, sous réserve d'approbation. Le PDG Erik Levitt a exprimé sa confiance quant à la conformité au calendrier attendu. La nouvelle stratégie de Viper, 'Everything Wireless', comprend des projets de ville intelligente, de mobilité, sans fil fixe, OTT et de génération d'énergie. Le segment OTT, qui inclut des services de voix en gros, d'hébergement et de messagerie, génère actuellement la majorité des revenus de 1stPoint et Endstream. Le trimestre dernier, les entreprises de télécommunications acquises ont généré plus de 770 000 dollars de revenus et des flux de trésorerie positifs. Viper vise à étendre sa présence mobile sur les marchés américains et caribéens, en tirant parti de la technologie 5G. Le président Farid Shouekani a souligné le potentiel de l'acquisition pour renforcer les objectifs commerciaux de Viper dans des segments technologiques à forte croissance.
Viper Networks (OTCPK: VPER) hat regulatorische Genehmigungen von der FCC und den Staatsbehörden beantragt, um die Übernahme der Telekommunikationsanlagen von Hammer Fiber Optic Holdings Corp, einschließlich Endstream Communications und 1stPoint Communications, abzuschließen. Das Abschlussdatum wird für das vierte Quartal erwartet, vorbehaltlich der Genehmigung. CEO Erik Levitt drückte Vertrauen aus, den erwarteten Zeitrahmen einzuhalten. Vipers neue Strategie 'Everything Wireless' umfasst Projekte zu smarten Städten, Mobilität, festem Drahtlos, OTT und Energieerzeugung. Das OTT-Segment, das Großhandelsstimmen, Hosting und Messaging-Dienste umfasst, generiert derzeit den größten Teil der Einnahmen von 1stPoint und Endstream. Im letzten Quartal berichteten die übernommenen Telekommunikationsunternehmen von über 770.000 Dollar Umsatz und positiven Cashflows. Viper zielt darauf ab, seinen mobilen Fußabdruck auf den Märkten in den USA und der Karibik durch den Einsatz von 5G-Technologie zu erweitern. Vorsitzender Farid Shouekani betonte das Potenzial der Übernahme zur Verbesserung von Vipers Unternehmenszielen in schnell wachsenden Technologiesegmenten.
- Acquisition of telecom assets expected to close in Q4, pending regulatory approval.
- New 'Everything Wireless' strategy includes five pillars: smart city, mobility, fixed wireless, OTT, and energy generation.
- OTT segment generates majority of revenues for 1stPoint and Endstream.
- Last quarter's telecom business revenues exceeded $770,000 with positive cash flows.
- Expansion plans in U.S. and Caribbean markets leveraging 5G technology.
- Acquisition subject to regulatory approvals, which could delay or impact the closing.
TROY, Mich., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Viper Networks (OTCPK: VPER) has applied for the necessary regulatory approvals from the Federal Communications Commission and various state authorities in order to complete the acquisition of the telecommunications assets of Hammer Fiber Optics Holdings Corp. The acquisition includes Endstream Communications, LLC and 1stPoint Communications, LLC and all of its subsidiaries. The closing date is anticipated to be in the fourth quarter of this year, subject to obtaining regulatory approval.
“We are very pleased with the progress we are making toward closing the acquisition,” said Erik Levitt, CEO of 1stPoint Communications and Endstream Communications. “We anticipate being able to complete the process in the timeframes originally contemplated by management and Viper’s Board of Directors.”
With the acquisitions Viper will adopt a new corporate strategy: “Everything Wireless.” This strategy will now include five pillars: smart city, mobility, fixed wireless, OTT and energy generation projects. Smart city will include Viper’s existing projects in the United States and Sri Lanka, which are continuing to progress. Mobility and fixed wireless will rely on the licensing and relationships of 1stPoint Communications and its subsidiaries. The OTT, or “over-the-top” segment accounts for the majority of the revenues of 1stPoint and Endstream today, which includes wholesale voice services, hosting services and messaging services. Energy generation projects will be an expansion of Viper’s existing business, predominantly in markets outside the United States.
Last quarter the telecommunications businesses Viper is acquiring, subject to the regulatory approvals discussed above, had revenues of over
“We are very excited to welcome Endstream Communications and 1stPoint Communications and its subsidiaries into the Viper family,” said Farid Shouekani, Viper’s Chairman. “We are looking forward to working with a bright and dedicated team that will help Viper execute on its business objectives in some of the fastest growing segments of modern technology.”
ABOUT VIPER NETWORKS, INC.
As one of the earliest companies to adopt VOIP (Voice-Over-Internet-Protocol) in the United States, today Viper Networks is a premier telecommunications and network engineering solution provider in the field of Smart Street Lights and Smart Poles technology.
With IoT (Internet of Things) sensors integration through the implementations of Smart Cities and Smart Grid technology solutions, the Company incorporates wireless communication, mobile networks, broadband technology, Wi-Fi and various embedded technologies for engineered solutions with comprehensive hardware/software integration. For more information go to www.ViperNetworks.com or follow on X (formerly Twitter) Twitter@vipernetworks.
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FAQ
What is the expected closing date for Viper Networks' acquisition of Hammer Fiber Optics' assets?
What strategy will Viper Networks adopt after acquiring Hammer Fiber Optics' assets?
How did the telecom businesses Viper is acquiring perform last quarter?
Which segment generates the majority of revenues for 1stPoint and Endstream?
What markets does Viper Networks plan to expand into with the new acquisition?
