Viper Networks to Sign Definitive Agreement to Acquire the Telecommunications Assets of Hammer Fiber Optics Holdings Corp
Viper Networks (OTCPK: VPER) has announced a definitive agreement to acquire the telecommunications assets of Hammer Fiber Optics Holdings Corp (OTCQB: HMMR). The acquisition includes Endstream Communications, and 1stPoint Communications, with its subsidiaries. This move is part of Hammer's restructuring efforts to focus on its fintech initiatives, particularly the HammerPay platform.
For Viper Networks, this acquisition represents a significant milestone. The company plans to integrate and expand 1stPoint's Everything Wireless strategy, incorporating smart energy projects and green energy generation. This strategy aims to combine energy and telecommunications, encompassing Fixed Wireless, Mobility, OTT technologies, and smart city solutions.
The transaction is pending regulatory approvals, with more details expected before closing.
Viper Networks (OTCPK: VPER) ha annunciato un accordo definitivo per acquisire le attività di telecomunicazioni di Hammer Fiber Optics Holdings Corp (OTCQB: HMMR). L'acquisizione include Endstream Communications e 1stPoint Communications, insieme alle sue sussidiarie. Questa mossa fa parte degli sforzi di ristrutturazione di Hammer per concentrarsi sulle sue iniziative fintech, in particolare sulla piattaforma HammerPay.
Per Viper Networks, questa acquisizione rappresenta un traguardo significativo. L'azienda prevede di integrare ed espandere la strategia Everything Wireless di 1stPoint, incorporando progetti di energia intelligente e generazione di energia verde. Questa strategia mira a combinare energia e telecomunicazioni, comprendendo tecnologie Fixed Wireless, Mobilità, OTT e soluzioni per città intelligenti.
La transazione è in attesa di approvazioni normative, con ulteriori dettagli attesi prima della chiusura.
Viper Networks (OTCPK: VPER) ha anunciado un acuerdo definitivo para adquirir los activos de telecomunicaciones de Hammer Fiber Optics Holdings Corp (OTCQB: HMMR). La adquisición incluye Endstream Communications y 1stPoint Communications, junto con sus subsidiarias. Este movimiento es parte de los esfuerzos de reestructuración de Hammer para enfocarse en sus iniciativas fintech, particularmente en la plataforma HammerPay.
Para Viper Networks, esta adquisición representa un hito significativo. La compañía planea integrar y expandir la estrategia Everything Wireless de 1stPoint, incorporando proyectos de energía inteligente y generación de energía verde. Esta estrategia tiene como objetivo combinar energía y telecomunicaciones, abarcando tecnologías de Fixed Wireless, Movilidad, OTT y soluciones de ciudad inteligente.
La transacción está pendiente de aprobaciones regulatorias, y se esperan más detalles antes del cierre.
Viper Networks (OTCPK: VPER)는 Hammer Fiber Optics Holdings Corp (OTCQB: HMMR)의 통신 자산 인수에 대한 최종 계약을 발표했습니다. 이번 인수에는 Endstream Communications와 1stPoint Communications 및 그 자회사가 포함됩니다. 이 조치는 Hammer가 핀테크 이니셔티브, 특히 HammerPay 플랫폼에 집중하기 위한 구조 조정 노력의 일환입니다.
Viper Networks에게 이번 인수는 중요한 이정표가 됩니다. 이 회사는 1stPoint의 Everything Wireless 전략을 통합하고 확장할 계획입니다, 스마트 에너지 프로젝트 및 그린 에너지 생성이 포함됩니다. 이 전략의 목표는 에너지와 통신을 결합하는 것으로, 고정 무선, 이동성, OTT 기술 및 스마트 시티 솔루션을 포함합니다.
거래는 규제 승인을 대기 중입니다, 마감 전에 더 많은 세부 사항이 예상됩니다.
Viper Networks (OTCPK: VPER) a annoncé un accord définitif pour acquérir les actifs de télécommunications de Hammer Fiber Optics Holdings Corp (OTCQB: HMMR). L'acquisition comprend Endstream Communications et 1stPoint Communications, ainsi que ses filiales. Ce mouvement s'inscrit dans le cadre des efforts de restructuration de Hammer pour se concentrer sur ses initiatives fintech, en particulier la plateforme HammerPay.
Pour Viper Networks, cette acquisition représente une étape importante. La société prévoit de intégrer et d'étendre la stratégie Everything Wireless de 1stPoint, en incluant des projets d'énergie intelligente et de production d'énergie verte. Cette stratégie vise à combiner énergie et télécommunications, englobant des technologies de Fixed Wireless, de mobilité, des OTT et des solutions pour des villes intelligentes.
La transaction est sous réserve d'approbations réglementaires, d'autres détails étant attendus avant la clôture.
Viper Networks (OTCPK: VPER) hat eine endgültige Vereinbarung zur Übernahme der Telekommunikationsaktivitäten von Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) bekannt gegeben. Die Übernahme umfasst Endstream Communications und 1stPoint Communications sowie deren Tochtergesellschaften. Dieser Schritt ist Teil von Hammers Umstrukturierungsbemühungen, um sich auf ihre Fintech-Initiativen, insbesondere die HammerPay-Plattform, zu konzentrieren.
Für Viper Networks stellt diese Übernahme einen bedeutenden Meilenstein dar. Das Unternehmen plant, die Everything Wireless-Strategie von 1stPoint zu integrieren und auszubauen, einschließlich intelligenter Energieprojekte und grüner Energieerzeugung. Diese Strategie zielt darauf ab, Energie und Telekommunikation zu vereinen und umfasst Fixed Wireless, Mobilität, OTT-Technologien und Lösungen für intelligente Städte.
Die Transaktion steht unter dem Vorbehalt regulatorischer Genehmigungen, weitere Details werden vor dem Abschluss erwartet.
- Acquisition of telecommunications assets from Hammer Fiber Optics Holdings Corp
- Expansion of Viper Networks' portfolio in telecommunications and energy sectors
- Integration of 1stPoint's Everything Wireless strategy with smart energy projects
- Potential for enhanced 5G and wireless broadband technology deployment
- Transaction subject to regulatory approvals, which may delay or affect the deal
- Potential integration challenges and costs associated with acquiring and merging new assets
TROY, Mich. and SARASOTA, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Viper Networks (OTCPK: VPER) today announced that it has entered into a definitive agreement to acquire the telecommunications assets of Hammer Fiber Optics Holdings Corp, now known as Hammer Technology Holdings (OTCQB: HMMR). This acquisition will be made in exchange for HMMR common stock beneficially owned by Viper Networks. The assets involved in this transaction include Endstream Communications, LLC, a wholesale voice operator, and 1stPoint Communications, LLC along with its subsidiaries, which encompass various competitive local exchange carriers, a mobile network operator, carrier services, and web hosting.
Michael Cothill, Hammer’s Executive Chairman, commented, “The divestiture of our telecommunications assets marks the initial phase of a broader restructuring effort, as outlined in our Form 8-K filed on March 20th, 2024. This move will enable Hammer to concentrate its efforts on its fintech initiatives, including our leading HammerPay platform.” HammerPay is a scalable, mobile-first financial services technology platform featuring an advanced digital wallet and neo-banking system, designed for global deployment in both developed and emerging markets.
Cothill added, “HammerPay is well-positioned to transform digital banking for unbanked populations worldwide. Our integrated technology assets are ready for deployment across various countries. Following the success of our pilot program in Liberia, HammerPay is set to expand its network of banking partners and customers, extending our reach across Africa and beyond. We believe this transaction with Viper Networks will enhance our mutual strategic goals.”
Farid Shouekani, Chairman of Viper Networks, stated, “This acquisition represents a major milestone for Viper. We plan to integrate and expand 1stPoint’s Everything Wireless strategy to encompass both energy and telecommunications. We will incorporate smart energy projects and green energy generation into the four existing pillars of our Everything Wireless strategy, which includes Fixed Wireless, Mobility, ‘Over-the-Top’ (OTT) technologies such as voice and messaging, and smart city solutions.”
Erik Levitt, Managing Member and CEO of 1stPoint Communications, noted, “A critical factor in adopting 5G and future wireless broadband technologies is the availability of locations for deploying a radio access network that can achieve 5G speeds. Viper’s strategy of combining smart energy technologies and energy generation projects will provide an ideal foundation for the effective and scalable deployment of these advanced technologies.”
The transaction between the parties is pending regulatory approvals, with further details to be announced prior to closing.
About HammerPay
HammerPay (USA) Ltd, a wholly owned subsidiary and brand operated by Hammer Fiber Optics Holdings Corp., is a mobile-first digital technology product, powering stored-value digital services for businesses and consumers, including those previously left outside the digital revolution. HammerPay was developed to scale a highly attractive digital cash/cashless solution to be deployed along with partners around the world, delivering expertise for both developed and developing economies. HammerPay connects mobile consumers to cashless purchasing and bill payments, instantly enabling consumer broad adoption. For more information, contact Investor Relations at info@hammerpay.com.
About Hammer Fiber Optics Holdings Corp.
Hammer Fiber Optics Holdings Corp. (OTC:HMMR) is a company investing in the future of technology. Hammer has broadened its strategy to focus on the rapidly evolving world of innovative technology and in an effort to keep pace, has restructured the group to allow for the creation of several related verticals. Hammer has entered the Fintech industry which is rapidly becoming the mainstream technology powering today’s telecommunication applications. For more information contact Investor Relations at info@hmmrgroup.com.
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.
Forward Looking Statements
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