(NEW YORK)– Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) received an upgrade to $2.00 to $3.00 per share from Ludlow Research based on pending launch of telecom service in both Africa, and Dominica
The Company announced it was recently awarded a nationwide 28GHz license by the telecommunications regulator NATCOM, and would deploy Sierra Leone’s first true high speed fixed wireless network.
Construction of the new network is set to begin in March 2019 and will initially target Freetown, the nation’s most populous city, which has in excess of one million possible subscribers. As part of its Everything Wireless strategy, Hammer will expand the network in several phases, providing access to fixed wireless internet, video and voice applications all on one integrated high-speed network.
Dominica Service Launch
This news comes on heels of announcement Hammer Fiber had acquired interest in Wikibuli to begin offering telecom service in Caribbean nation of Dominica.
Wikibuli suspended service in 2017 due to severe weather-related damage to its infrastructure. The new infrastructure will be owned by Wikibuli and operated by Hammer and its subsidiaries 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.
“We have been preparing for the implementation of the wholesale voice and SMS network through the end of 2018,” said Sean Partington, Wikibuli’s CEO. “We are still on schedule for an initial deployment in late February.”
Ludlow Research, a small cap equity research firm based in New York, upgraded its ‘short-term’ opinion on HMMR with a $2.00 to $3.00 price range target based on Hammer’s move into commercializing of their “Everything Wireless” program.
As both projects in Africa and Dominica come online in late February and March 2019 HMMR stock offers the ‘short-term’ opportunity for rise into the $2.00 to $3.00 range going into this event.
Longer-term, as more new projects are revealed, this company has strong potential for even higher prices based on their unique technology, and ability to deliver pre 5G service to more rural and under served areas. In addition, prospects of HMMR becoming an acquisition target from a larger telecom player should only increase as more
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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 Frank Pena at email@example.com
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company’s filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.