Telecommunications Companies Modernize, Diversify in Face of Competition

NEW YORK, May 9, 2018 /PRNewswire/ --

NetworkNewsWire Editorial Coverage 

Telecommunications companies are under threat (http://nnw.fm/BrM3f) from over-the-top (OTT) services that enable consumers to communicate over the internet via streaming content and apps such as Skype, WhatsApp and Viber. These services currently handle over 80 percent of messaging traffic, and more than a third of all global voice traffic is channeled through Skype. This astounding level of competition demands that telecommunications companies focus on modernizing their operations and creating strategies to develop new products or services if they hope to achieve sustainable growth. One of the companies at the forefront of innovative strategy implementation is Hammer Fiber Optics Holdings Corporation (OTC:HMMR) (HMMR Profile ), a telecommunications company investing in the future of wireless technology and fiber optics. Other significant players in this industry include Verizon Communications Inc. (NYSE:VZ), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG) and Comcast Corporation (NASDAQ:CMCSA).

Recent Restructuring 

Hammer Fiber Optics (OTCQB:HMMR) is an internet service provider (ISP) offering internet, voice, video and data services in New Jersey, as well as carrier services in Philadelphia and New York. It serves both residential and commercial markets with high-capacity broadband, voice and video through direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology.

The holdings of Hammer Fiber Optics include Hammer Fiber Optic Investments, Ltd., D/B/A Hammer Communications. This company formerly traded under the name of Hammer Fiber but was renamed, restructured and rebranded in April 2018.

Hammer Communications manages the company's residential and SME services delivered by terrestrial fiber optics and its proprietary fixed wireless technology, as well as its VoIP services. The company also has two separate business units under its control: Hammer Fiber and Hammer Sphere. Hammer Fiber is responsible for the delivery and management of the company's fiber optics services. Hammer Sphere manages the company's rapidly growing platform for cloud services and hosting.