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.
About Hammer
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact ir@hammerfiber.com.
About WCI
WCI (formerly Wikibuli Communications Inc.) is a full service, facilities-based telecommunications company that operates and maintains the only carrier-grade data network in the Eastern Caribbean and has approved interconnection agreements in multiple nations.
Established in 2010, the company brought together the principals of WCI’s Management team, which have a combined 60 years communications experience. WCI offers products and services spanning Mobile (voice, text and data), business and residential Internet access, TV and home phone service.