Telecommunications Companies Modernize, Diversify in Face of Competition - Seite 2

Following the restructuring announcement Hammer Communications CEO Mark Stogdill said, "We are excited about this evolution for Hammer. Hammer is quick to respond to the market's needs and ensure the best quality of service for our customers. This move will help us to better communicate the services we offer and commit our resources where they can best serve the customer experience as we continue to grow and expand our service offerings (http://nnw.fm/8q5PJ)."

First Acquisition 

In addition to restructuring, Hammer Communications announced yesterday that a letter of intent to acquire the stock of 1stPoint Communications, LLC, and its subsidiaries, including Open Data Centers, LLC, and Endstream Communications, LLC, has been executed by all parties (https://finance.yahoo.com/news/hammer-fiber-acquire-1stpoint-communications-113000112.html). 1stPoint is a competitive local exchange carrier operating nationwide with intellectual property in services such as SMS/texting, collaboration tools and carrier switching. Endstream Communications offers wholesale voice services worldwide. Open Data Centers operates a carrier-neutral colocation facility in Piscataway, N.J., and will provide the brick-and-mortar capacity to further Hammer's growth.

This the first acquisition for Hammer Communications. Adding these assets and related entities position Hammer Communications as a bona fide player in the cloud services arena. The assets, revenue, client base and strong management team at 1st Point position HMMR for significant growth moving forward.

Hammer's Proprietary Fixed Wireless Technology 

Finally, Hammer Communications recently completed the initial development phase of its advanced LTE fixed wireless system, designed and built using its proprietary wireless technology. In conjunction with technology partners in Europe, the company has been running both laboratory and field trials on the live network of a prominent LTE mobile operator for the past 12 months, and the results have surpassed all expectations. This expansion adds ultra-high capacity cellular broadband applications to the company's product portfolio, which includes wholesale services including backhaul support for cellular network operators.