Towerstream (TWER) Says It's on Track to Add 100 On-Net Buildings in Q4

October 13, 2016 9:27 AM EDT
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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.”

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