Towerstream Reports Continuing Growth
Towerstream, a fixed-wireless fiber provider, expects to have added 170 buildings to the number it serves by the end of the year, the company said in a news release Monday. “This is expected to result in a nearly 70 percent…
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increase in the total number of businesses in the company’s On-Net buildings able to purchase its On-Net services,” the company said. Towerstream said it expects to end 2016 with 437 buildings using its On-Net service. “There is momentum in our business now,” said Arthur Giftakis, chief operating officer. “More and more companies are recognizing the benefits of our network. When we reached positive EBITDA in Q2, it marked a turning point in the company’s development, and we expect continued improvements in our operating metrics going forward.”