MIDDLETOWN, R.I., Oct. 24, 2016 (GLOBE NEWSWIRE) -- Towerstream Corporation (TWER) (the “Company”), a leading fixed-wireless fiber alternative company, is pleased to provide an update on its progress with its growth strategy. The company expects to have added 170 new buildings in H2 of 2016 that are equipped with its On-Net platform. This is expected to result in a nearly 70 percent increase in the total number of businesses in the company’s On-Net buildings able to purchase its On-Net services.
- Expected to add 170 new buildings to On-Net footprint in H2 over H1
- Represents a nearly 70 percent increase expected in the total number of businesses in On-Net buildings
- Recent $4 million capital raise gives Company flexibility to pursue growth initiatives
- September contracts, when installed, expected to add more than $780,000 in annual revenue.
Towerstream recently issued guidance that it expects to add 100 new buildings to its On-Net footprint in Q4. This represents a 22 percent increaseRead More »from Towerstream Provides Update on Growth Initiatives