Towerstream

Towerstream
Public
Traded as NASDAQ: TWER
Industry Telecommunications
Founded 1999
Founder Philip Urso
Jeffrey Thompson
Headquarters 88 Silva Lane
Middletown, Rhode Island, United States
Website towerstream.com

Towerstream Corporation NASDAQ: (TWER)[1] is a Fixed Wireless and Small cell Rooftop Tower company. The company owns, operates, and leases Wi-Fi and Small cell rooftop tower locations to cellular phone operators, tower, Internet and cable companies and hosts a variety of customers on its network.[2] Towerstream was originally to deliver fixed-wireless high-speed Internet access to businesses and to date offers broadband services in 13 urban markets including Boston,[3] Chicago,[4] Dallas/Fort Worth,[5] Houston,[6] Los Angeles,[7] Miami,[8] New York,[9] San Francisco,[10] Seattle,[11] Philadelphia,[12] Nashville,[13] Las Vegas/Reno,[14] and Providence/Newport[15] where the company is headquartered. Founded in 1999 by Philip Urso (MCF Communications, eFortress)[16] and Jeffrey Thompson (eFortress),[17] Towerstream held its first public offering in January 2007[18] and trades on the NASDAQ Capital Markets under symbol TWER.[19]

Business Broadband Service

Towerstream offers service plans from 1.5 Megabit/sec to 1 Gigabit/sec. Bandwidth is available in various increments, is symmetric (bi-directional/duplex) and has a standard installation time of 3–5 days. The service supports voice-over-internet-protocol VoIP, bandwidth-on-demand, virtual private networks VPN, wireless redundancy, and bundled data and video services.[20]

Wi-Fi network

In the middle of 2010, Towerstream started deploying a test Wi-Fi network in Manhattan using 802.11g/n technology with plans to sell wholesale access to carriers for Mobile data offloading in areas of mobile congestion.[21] Towerstream reported that it supported 250,000 connections per day, and moved an average of one terabyte of data per day across the network.[22] In January 2011, Towerstream announced it planned to expand its pilot Wi-Fi network in Manhattan and add San Francisco and Chicago.[22] As of August 2011, Towerstream’s Wi-Fi network in Manhattan consisted of over 1000 access points offering 200 Mbit/s each.[23] In August 2011, Towerstream announced its Manhattan Distribution Network which uses its Wi-Fi network as a distribution platform for daily deal sites and mobile app providers.[22] As of September 2013, Towerstream had almost 2,000 outdoor Access Points deployed across Manhattan, and substantial deployments in Miami, Chicago, and San Francisco.[24]

Towerstream is a current member of the Wireless Broadband Alliance[25] and was one of the first to gain Interoperability Compliance Program (ICP) certification from the WBA.[24] In November, 2013 the company announced they will be using their existing network to support the WBA in an upcoming Wi-Fi live roaming experience to demonstrate the Wireless Broadband Alliance's Next Generation Hotspot initiative at the Wi-Fi Global Congress in Beijing, China.[26]

Towerstream is also a current member of the Wi-Fi Alliance.[27]

Acquisitions

On April 16, 2010 Towerstream announced that it had closed the acquisition of Sparkplug Communications' Chicago, Illinois and Nashville, Tennessee business assets. The acquisition allowed the company to expand its presence in Chicago, while introducing Nashville as its 11th market nationally.[28]

On December 16, 2010, Towerstream completed its acquisition of certain business assets from Pipeline Wireless. The acquired business assets include substantially all of Pipeline Wireless' customer contracts, network infrastructure, and related assets in the Boston and Providence markets.[29]

Towerstream closed its third acquisition on May 19, 2011 when it announced it had acquired certain business assets from One Velocity Inc. The acquired business assets include substantially all of the One Velocity's customer contracts, network infrastructure, and related assets in the Las Vegas and Reno, Nevada markets. The company announced at the time of the acquisition the new Las Vegas market immediately became the company's fifth largest revenue base.[14]

On December 5, 2011 Towerstream completed the acquisition of Color Broadband Communications, Inc. This included the acquisition of all of Color Broadband's customer contracts, network infrastructure and related assets in the Los Angeles market.[30]

Towerstream completed the acquisition of Delos Internet which operated in Houston, TX on March 5, 2013. This marked the company's fifth acquisition and expanding the company's presence to 13 markets.[6]

History

The company was founded in 1999 by Philip Urso and Jeffrey Thompson as a replacement to the legacy copper line T1, DS3, and OC-3 infrastructure.[31] Initially serving two markets, Providence Rhode Island and Boston, Massachusetts, Towerstream's service area was expanded in 2003 to include New York City, and then expanded a year later to include Chicago and Los Angeles. Towerstream expanded into San Francisco in 2005. FierceVoIP's annual Fierce 15 list named Towerstream as one of the top 15 emerging companies implementing a T1 VoIP solution for 2005.[32] In January 2007 Towerstream completed a reverse merger, raised $15 million in capital and commenced trading common stock on the OTC Bulletin Board under the symbol TWER. By May 2007, Towerstream stock was moved to NASDAQ Capital Markets and the company raised an additional $40 million in capital. Service coverage area was extended to include Seattle, Miami, and Dallas. In late 2008, Towerstream was honored by xchange magazine[33] with the Best of WiMAX World Award for its New York City network T1 and DS3 offerings[34] and also honored by Telephony Online[35] with two Telephony Innovation Awards "Most Innovative Broadband Wireless Service" and "Most Innovative Small Business Service".[36]

In November 2009, Towerstream expanded service in Philadelphia and in April 2010 purchased Sparkplug's business assets in Chicago and Nashville, increasing Chicago's customer base to be Towerstream's third largest coverage area.[37] In December 2010, the company expanded its presence in the Boston and Providence markets when it acquired business assets of Sparkplug Communications.[29] In 2011, Towerstream entered the Las Vegas/Reno market with its acquisition of all of the One Velocity's customer contracts, network infrastructure, and related assets in those cities.[14]

On July 13, 2011 Towerstream representatives visited the NASDAQ MarketSite in New York City's Times Square, where Chief Executive Officer Jeff Thompson rang the closing bell.[38]

In January 2013, HetNets Tower Corporation was formed as a wholly owned susididary of Towerstream Corporation.[39]

Technology

Towerstream markets a combination of Fixed Wireless and WiMAX (802.16e) technology as "4G".[40] Fixed wireless networks use Ethernet technology, not TDI that the legacy infrastructure relies on and have been in production since the 1970s, primarily used for backhaul in voice networks for phone companies. The network uses Radio Frequency (RF) base stations to provide Internet access.[41] Towerstream base stations connect to multiple Tier 1 network IP backbone service providers, to ensure continuous service should any of the fiber providers go down.[42]

Towerstream's markets operating with WiMAX technology use the 3.65 GHz spectrum band and are true Non-Line-of-Site (NLOS). Its markets using Fixed WiMAX service run over the 5.8 GHz spectrum band and are Line-of-Site (LOS).[40]

HetNets Tower Corporation

HetNets Tower Corporation is a wholly owned subsidiary of Towerstream Corporation. HetNets Tower Corporation offers a neutral host, shared wireless infrastructure solution, either independently or as a turnkey service. Its wireless communications infrastructure is available to wireless carriers, cable and Internet companies in major urban markets where the explosion in mobile data is creating significant demand for additional capacity and coverage. HetNets offers a carrier-class Wi-Fi network for Internet access and the offloading of mobile data. Its street level rooftop locations are ideal for the installation of customer owned small cells including DAS, Metro and Pico cells. Other solutions provided by HetNets include backhaul, power, and related small cell requirements.[39]

See also

References

  1. ↑ TWER: Summary for Towerstream Corporation- Yahoo! Finance
  2. ↑ http://ir.towerstream.com/releasedetail.cfm?ReleaseID=841440
  3. ↑ TowerStream Lights Up New England With Cisco Broadband Fixed Wireless Technology. - Free Online Library Archived 11 February 2011 at WebCite
  4. ↑ "Featured Articles from the Chicago Tribune". Chicago Tribune. Archived from the original on 2011-02-11.
  5. ↑ http://www.dallasnews.com/sharedcontent/dws/bus/stories/040508dnbustowerstream.3691722.html Archived October 25, 2008 at the Wayback Machine
  6. 1 2 http://globenewswire.com/news-release/2013/03/05/528173/10024030/en/Towerstream-Completes-Acquisition-of-Delos-Internet-in-Houston.html
  7. ↑ TowerStream Expands Service - www.wi-fiplanet.com Archived 11 February 2011 at WebCite
  8. ↑ TowerStream expands to Miami Archived 11 February 2011 at WebCite
  9. ↑ Belson, Ken (November 29, 2004). "Internet Access, Delivered From Above". The New York Times.
  10. ↑ Towerstream Expands Service to Oakland Archived 11 February 2011 at WebCite
  11. ↑ Duryee, Tricia (2007-01-30). "Speakeasy selling wireless assets to rival". The Seattle Times.
  12. ↑ Towerstream Launches Wireless Broadband Network in Philadelphia, PA - Yahoo! Finance
  13. ↑ TowerStream Closes Acquisition of Sparkplug | Wireless Week
  14. 1 2 3 Towerstream Closes Acquisition of One Velocity, Inc.'s Las Vegas and Reno Business Assets - Yahoo! Finance
  15. ↑ Wireless company hits mark | Business | projo.com | The Providence Journal
  16. ↑ Philip Urso: Executive Profile & Biography - BusinessWeek
  17. ↑ Jeffrey Thompson: Executive Profile & Biography - BusinessWeek
  18. ↑ Light Reading Mobile - 4G/LTE - TowerStream Gets Symbol - Telecom News Wire
  19. ↑ Towerstream Ready to Wow the Nasdaq
  20. ↑ Belson, Ken. The New York Times http://topics.nytimes.com/top/news/business/companies/towerstream-corporation/index.html. Missing or empty |title= (help)
  21. ↑ Ryan Kim (October 16, 2010). "Wi-Fi Looks to Keep the Mobile Internet Dream Alive". Gigaom blog. Retrieved August 25, 2011.
  22. 1 2 3 Towerstream Is high on Wi-Fi
  23. ↑ Towerstream Launch Distribution Network for Daily Deals
  24. 1 2 http://www.thinksmallcell.com/Wi-Fi/thinksmallcell-interview-with-arthur-giftakis-towerstream.html
  25. ↑ http://www.wballiance.com/membership/membership-profiles/
  26. ↑ http://ir.towerstream.com/releasedetail.cfm?ReleaseID=808459
  27. ↑ https://www.wi-fi.org/who-we-are/member-companies/adopter
  28. ↑ Towerstream Aquires [sic] Sparkplug’s Assets in Nashville and Chicago
  29. 1 2 Towerstream closes Acquisition of Boston and Providence Assets of Pipeline Wireless
  30. ↑ http://www.m2mevolution.com/news/2011/12/05/5973485.htm
  31. ↑ Belson, Ken (2004-11-29). "Internet Access, Delivered From Above". The New York Times.
  32. ↑ Towerstream Corporation - FierceVoIP Honors Towerstream as One of the "Fierce 15" VoIP Companies of 2005
  33. ↑ vision2mobile
  34. ↑ Best of WiMAX World Awards Honor Leaders in Innovation
  35. ↑ Connected Planet Online | formerly TelephonyOnline.com
  36. ↑ Telephony's 2008 Innovation Award Winners
  37. ↑ Towerstream Blog » Blog Archive » Towerstream Acquires Sparkplug Communications’ Chicago and Nashville Assets
  38. ↑ Towerstream Corporation CEO Jeff Thompson to Ring the NASDAQ Stock Market Closing Bell
  39. 1 2 HetNets Tower Corporation
  40. 1 2 Towerstream moves to WiMAX
  41. ↑ Wireless Broadband and Other Fixed-Wireless Systems page 1 - Network Computing
  42. ↑ WiMAX: Broadband Wireless Access And Beyond - Technology News - redOrbit

External links

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