Towerstream projected to add 100 On-Net buildings in Q4

MIDDLETOWN, R.I., Oct. 13, 2016 (GLOBE NEWSWIRE) — Towerstream Corporation (NASDAQ:TWER) (the “Company”), a leading fixed-wireless fiber alternative company offers guidance.

  • Towerstream is on track to add 100 buildings to its On-Net footprint in Q4, 22% over Q3 building additions, for a total of 437 buildings On-Net at the end of Q4. 
  • This brings the total number of businesses available to procure On-Net services within the Company’s On-Net buildings to over 13,000.  This is a   30% increase from Q3.
  • September contracts when installed are expected to total over $780,000 in annualized revenue.        

Management Comments

“There is a direct relationship in sales growth to the number of buildings On-Net,”  stated Philip Urso, interim chief executive officer.

“Fixed-wireless technology inherently provides a competitive advantage,” stated Arthur Giftakis, chief operating officer.  “The speed at which we can add buildings at our low cost also gives us a superior advantage over fiber and cable.”

Terry McGovern
Vision Advisors

NPHC Disclosure: We hold not shares and will not be receiving any shares. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we don’t own shares, will not be buying shares and will not be selling shares. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to five thousand seven hundred dollars for coverage, assuming three months coverage. StockGuru – McKinney, Texas 75070 – (469) 358-5200.

Logo Header Menu