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Towerstream Corp. (TWER)

Towerstream Corp. is a foremost Fixed-Wireless Internet Service Provider. It delivers high-speed Internet access to businesses. Together with its subsidiaries, Towerstream provides fixed wireless broadband services and delivers access over a wireless network transmitting over regulated and unregulated radio spectrum to commercial customers in the United States. Towerstream is based in Middletown, Rhode Island.

The company offers broadband services in twelve urban markets. These include 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. A last-mile facilities-based provider, Towerstream owns its entire network. The company completely bypasses the local exchange carrier and cable providers.

Towerstream's solution to businesses either complements or replaces existing Internet connections. The company provides property managers, building owners, and their commercial tenants a redundant and reliable dense urban network. This network directly connects to the company's fiber backbone.

Towerstream has built 175 Major Points of Presence (POPs). It positions its POPs on the tops of buildings. These include the Empire State Building and Met Life in New York, New York; the Hancock Building in Chicago, Illinois; and the AON Building in Los Angeles, California.

Towerstream's On-Net Service provides businesses within its continually expanding portfolio of On-Net buildings with dedicated and symmetrical Internet connectivity. On-Net refers to the extensive number of buildings in the company's 12 coverage markets presently lit for On-Net Business Internet Service. Towerstream selects the qualified commercial buildings in its markets to be able to provide high-capacity bandwidth at substantial savings. Towerstream's aim is to highly penetrate each On-Net Building.

Towerstream also has its Single Tenant Internet Solution. This solution is for customers not in On-Net buildings. The Single Tenant Internet Solution provides primary and back-up dedicated internet access as a speedier and less costly alternative to fiber.

Recently, Towerstream announced the appointment of Ms. Laura W. Thomas as Chief Financial Officer (CFO). Ms. Thomas is a veteran of the telecommunications industry since 1984. She most recently held the position of Chairman of the Board for Impact Telecom. Before that, Ms. Thomas served as Chief Executive Officer (CEO) for TNCI, a national telecommunications provider of business enterprise voice, data, and cloud-based services.

Towerstream also recently announced that industry veteran Mr. Don MacNeil joined its Board of Directors. At present, Mr. MacNeil serves as the Chief Technology Officer (CTO) at EdgeConneX. Mr. MacNeil is responsible for the design and architecture of EdgeconneX's award-winning data centers. Before this he served as EVP (Executive Vice-President), Chief Operating Officer (COO) at XO Communications, where he was responsible for the customer experience and the alignment of the products and services with XO's Go-to-Market strategies.

 

 

 

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