Viper Networks officially closed on its acquisition of Endstream Communications, 1stPoint Communications and all of 1stPoint’s subsidiaries.
1stPoint Communications and its subsidiaries possess a commercial mobile radio services (CMRS) license in the U.S., as well as several CLEC licenses. The majority of its revenues are derived from its messaging, hosted voice and carrier and web hosting services, with some sales also stemming from fixed wireless services.
Endstream Communications is a wholesale voice operator with a substantial number of customer and supplier VoIP interconnections; the majority of its revenues are generated by domestic U.S. operations.
“Viper will recognize revenues from the acquired subsidiaries in November and December of its fourth quarter of 2024, and will recognize the full revenue from its new telecommunications division in the first quarter of 2025,” said new Viper CEO, Erik Levitt. “Strong growth will continue to come from the messaging business, due to our inherent competitive advantage in the marketplace, but we anticipate expanding our fixed wireless business as we continue to make investments in key markets such as Alabama and the Eastern Caribbean.”
The transaction was financed via a share-exchange agreement between holders of common stock of Hammer Fiber Optics Holdings and Viper. As part of the agreement, two parties exchanged HMMR stock as consideration for Viper stock. The agreement is immediately effective. The details of the transaction have not yet been disclosed, but further information will be available in upcoming filings.
1stPoint’s existing management and accounting team will support all of Viper’s operations, effective immediately, substantially increasing its internal capabilities. In addition to providing support for its accounting obligations, 1stPoint will also provide essential services such as project management and network operations for Viper’s existing smart city projects. Viper completed its first such project earlier this year in Sri Lanka, and has several more projects planned in the near future.
“Adding 1stPoint’s capabilities to Viper will allow us to deploy smart city projects more efficiently and more rapidly,” said Farid Shouekani, Viper’s chairman and president. “These acquisitions will allow us to fully integrate mobile networks into our smart city platform with the confidence of an operations team with a long history of successful deployments.
