Hammer Wireless, a subsidiary of Hammer Fiber Optics Holdings Corp and Wikibuli had reached to an agreement that would provide broadband services in Dominica. Both companies through a press release announced that the transaction between them had closed as planned on 1 January 2019.
As part of the agreement, Hammer Wireless will acquire an interest in Wikibuli in exchange for cash and common stock. The details of the transaction were released via an 8-K in December 2018. Erik Levitt, Hammer’s CEO and Kristen Vasicek, Hammer’s COO will join Wikibuli’s Board. Sean Partington and Glen Simon will continue to manage Wikibuli’s day-to-day operations.
Hammer Fiber Optics Holdings Corp. 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.
Wikibuli was forced to suspended service in 2017 due to severe weather-related damage to its network infrastructure. As per the current agreement, Wikibuli will own the new infrastructure but operation will be done by Hammer and its subsidiaries. Hammer can do the operation as part of it’s Mobile Network Service Provider (MNSP) program. The planned network, powered by Hammer’s proprietary Air (TM) technology, will be designed to provide high speed fixed wireless services, mobility, WiFi and will incorporate Smart City capabilities.
Wikibuli has been preparing for the implementation of the wholesale voice and SMS network through the end of 2018. The company is still on schedule for an initial deployment in late February. The first phase of construction will establish the basic network infrastructure and allow for revenue streams from the wholesale business in advance of the wireless deployment. Hammer launched its MNSP program in July 2018 with 1stPoint Communications, now a key Hammer subsidiary.
The program is a framework for launching networks in the United States and internationally where the wireless spectrum is available. The wireless architecture has flexibility for a wide range of allocations and is more suitable than fiber-based implementations. Deploying fiber directly to the subscriber point definitely has its advantage, but may not be suitable for all deployment scenarios. For Hammer, the partnership with Wikibuli provides tremendous opportunities for meaningful social change through our unique technology and local expertise.