Hammer Fiber completes Endstream acquisition
Hammer Fiber Optics has completed its acquisition of wholesale voice services provider Endstream Communications after receiving approval from regulators last month.
The deal to acquire Endstream was announced as part of its agreement to acquire the stock of Open Data Centers, Endstream Communications, and 1stPoint Communications and its subsidiaries, struck in June.
Endstream provides wholesale voice services to clients worldwide, with a focus on termination, origination and toll free services in the United States, Canada, the United Kingdom and Israel.
“Hammer will expand these services into other markets as part of the foundation of its Everything Wireless strategy,” said Kristen Vasicek, Hammer’s COO, who has been responsible for Endstream’s marketing and product development since 2016. “In the last three years Endstream has evolved its services to suit the needs of the changing wholesale voice market, including the rollout of its international mobile operator footprint.”
Endstream launched its wholesale mobile origination service in the United States in the second quarter of 2018 and is adding France and the United Kingdom to the wholesale mobile DID portfolio. Hammer said it plans to add more markets in the first half of 2019.
Hammer Communications operates a fixed wireless network over its own proprietary wireless technology that utilizes DOCSIS 3.0 & DOCSIS 3.1 protocols. Through its access network, Hammer offers Internet, television and voice services to residential customers as well as to small and medium businesses in Atlantic County, N.J. Hammer also offers carrier class services through its fibre-optic network in New York, New Jersey and Pennsylvania
It closed deals for 1stPoint Communications and subsidiaries Open Data Centers and Shelcom in November after first agreeing a letter of intent in May, agreeing definitive terms in September.
Hammer Fiber will now also offer 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.
“This closing concludes the transaction originally contemplated in the signing of the May LOI with the Partners of 1stPoint Communications, Open Data Centers and Endstream Communications,” said Erik Levitt, Hammer’s CEO. "The acquisition of our portfolio by Hammer represented a great outcome for our partnership. The combined entities form a strong platform on which to base Hammer's future growth."