Towerstream (TWER): Brings Reliable Internet Access to Big Businesses

Destiny A. Lopez  |

Nearly every aspect of our lives now relies upon internet connectivity. From streaming TV, to conducting online banking, to completing our daily job tasks, one’s workplace, could come to a screeching halt if the internet began to lag or had failed completely. These kinds of interruptions can spell disaster in terms of productivity and profitability for independent contractors or multi-billion dollar enterprises, and everything in-between. Towerstream Corporation (TWER), a wireless services provider, aims to ensure that businesses run smoothly and without interruption by offering reliable internet services.

Headquartered in Middletown, Rhode Island, Towerstream, along with its subsidiaries, offers fixed wireless broadband services to business located in a number of major U.S. cities, including, among others, New York City, Los Angeles, Miami, Dallas-Fort Worth, Houston, Las Vegas-Reno, and Providence-Newport. Operating through two business segments, fixed wireless services and shared wireless infrastructure services, the company, according to its official website, offers the following services:

  • Single tenant internet solutions, which delivers redundant Dedicated Internet Access to small, medium and enterprise businesses within its 12 major U.S. markets.
  • Temporary internet connection, which provides a temporary Internet connection for conferences, concerts, film productions, and on construction sites.

Along with these services, the company also offers on-net business internet service, which provides businesses access to “faster than fiber Internet” connectivity.

Thanks to its many service benefits, including scalability and guaranteed 99.99% reliability, the company currently boasts over 200 On-Net buildings in its network.

Towerstream, founded in 1999, is under the current leadership of interim CEO, Philip Urso, and COO, Arthur Giftakis. Recently, the company’s leadership released a growth initiatives update, addressing a number of positive developments to come, including 170 new buildings to be added to its On-Net footprint. "There is momentum in our business now," said Giftakis. "More and more companies are recognizing the benefits of our network...We expect continued improvements in our operating metrics going forward."

Towerstream, according to its official press release, expects to end 2016 with a total of 437 buildings On-Net. The company will have more than 13,000 businesses within its footprint that are available to procure On-Net services. Thanks to its portfolio of services that ensures 21st century businesses can operate without interruption, along with its growing client roster, the investment community looks forward to future developments from the company.

To learn more about Towerstream, visit www.towerstream.com.


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Companies

Symbol Name Price Change % Volume
TWER Towerstream Corp 0.95 0.00 0.00 0

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