Network Firm Shares Rising on Acquisition News

By: Tomas Ronolski - AllPennyStocks.com News

Monday, August 12, 2024

This company is investing in the future of technology and is now focusing on fintech, which is rapidly becoming the mainstream technology powering today’s telecommunication applications.

Viper Networks (OTCPK: VPER), the premier telecommunications and network engineering solution provider in the field of Smart Street Lights and Smart Poles technology, announced in a press release today that it has entered into a definitive agreement to acquire the telecommunications assets of Hammer Fiber Optics Holdings Corp, now known as Hammer Technology Holdings (OTCQB: HMMR).

This acquisition will be made in exchange for Hammer common stock beneficially owned by Viper Networks. The assets involved in this transaction include Endstream Communications, LLC, a wholesale voice operator, and 1stPoint Communications, LLC, along with its subsidiaries, which encompass various competitive local exchange carriers, a mobile network operator, carrier services, and web hosting.

Shares of Viper were trading up over 16 percent in morning trade.

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