Towerstream Adds Record Number of Buildings and Customers to Its On-Net Fixed Wireless Offering in Third Quarter of 2015
October 13 2015 - 8:00AM
Towerstream Corporation (NASDAQ:TWER), a Fixed Wireless Fiber
Alternative provider, announced that 55 building installations were
completed and 44 customers were added to its On-Net fixed wireless
offering during the third quarter ended September 30, 2015.
As a result, there were a cumulative total of 155 building
installations completed and 142 customer connections as of
September 30, 2015.
“There is increasingly strong demand from building owners and
property managers for our On-Net broadband solution. Not only have
they caught on to the superior value and service we are able to
offer for their broadband needs, they also see the tremendous
benefits of marketing the service to their existing and future
tenants. As we head into Q4 and beyond, we see great
opportunity ahead,” stated Jeff Thompson, CEO.
An On-Net installation enables Towerstream to provide wireless
broadband service to all businesses in a building as compared to
the traditional approach of connecting one customer at a time.
Building owners provide Towerstream access to its central
data services room where the company installs Point-to-Point
equipment capable of servicing the entire building rather than
equipment only sufficient for one customer. As additional
customers are secured in a building, the only action required is a
cable run from the central data services room to the business'
information technology portal.
Business tenants have access to 100 megabits per second of
dedicated, non-oversubscribed, symmetrical Internet connectivity,
backed by a leading SLA (service level agreement), at the
industry’s lowest price of $699 per month.
“The secret to Towerstream scaling our On-Net solution lies
within the power of our fixed wireless network. Many years
ago we had a vision to leverage wireless infrastructure technology
to build a network high above each city unlike many traditional
Telecom companies who use fiber. Today our network allows us to
offer less expensive, faster Internet service with an industry
leading SLA. Building managers and companies alike are realizing
these unique benefits and proactively signing up for service,”
stated Arthur Giftakis, SVP of Engineering & Operations.
Building owners or property managers interested in learning more
about Towerstream’s On-Net offering can get more information
at: http://www.towerstream.com/property-owner
Businesses interested in learning more about Towerstream’s
100Mbps for $699 promotion can
visit: http://www.towerstream.com/promotions/100mbps-only-699mo
About Towerstream Corporation
Towerstream Corporation (Nasdaq:TWER) is a leading Fixed
Wireless Fiber Alternative company delivering high-speed Internet
access to businesses. To date the company offers its broadband
services in 12 urban markets including New York City, Boston, Los
Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami,
Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the
greater Providence area. In 2014, Towerstream launched its On-Net
fixed wireless service offering building owners and property
managers a redundant and reliable dense urban network that directly
connects with Towerstream’s fiber backbone. On-Net building tenants
have access to 100 Mbps of dedicated, symmetrical Internet
connectivity, with a premier SLA, for an industry-leading price of
$699/month. For more information on Towerstream services,
please visit www.towerstream.com and/or follow us @Towerstream.
The Towerstream Corporation logo is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=6570
About HetNets Tower Corporation
HetNets Tower Corporation ("HetNets") was formed in January 2013
as a wholly owned subsidiary of Towerstream Corporation
(Nasdaq:TWER), and offers a neutral host, shared wireless
infrastructure solution, either independently or as a turnkey
service. Its wireless communications infrastructure is available to
wireless carriers, cable and Internet companies in major urban
markets where the explosion in mobile data is creating significant
demand for additional capacity and coverage. HetNets offers a
carrier-class Wi-Fi network for Internet access and the offloading
of mobile data. Its street level rooftop locations are ideal for
the installation of customer owned small cells including DAS, Metro
and Pico cells. Other solutions provided by HetNets include
backhaul, power, and related small cell requirements. More
information is available at http://www.hetnets.com.
Safe Harbor
Certain statements contained in this press release are
"forward-looking statements" within the meaning of applicable
federal securities laws, including, without limitation, anything
relating or referring to future financial results and plans for
future business development activities, and are thus prospective.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified
based on current expectations. Such risks and uncertainties
include, without limitation, the risks and uncertainties set forth
from time to time in reports filed by the Company with the
Securities and Exchange Commission, including, without limitation,
risk related to our ability to deploy and expand small cell rooftop
tower locations in the New York City and other key markets.
Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct.
Consequently, future events and actual results could differ
materially from those set forth in, contemplated by, or underlying
the forward-looking statements contained herein. The Company
undertakes no obligation to correct or update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT:
INVESTOR CONTACT:
Monica Gould
The Blueshirt Group
212-871-3927
monica@blueshirtgroup.com
MEDIA CONTACT:
Todd Barrish
Indicate Media
917-861-0089
todd@indicatemedia.com
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