Education Facilities Leverage Towerstream's High-Speed Wireless Broadband Services in Urban Markets
July 16 2014 - 11:30AM
Towerstream Corporation (Nasdaq:TWER), a leading 4G and Small Cell
Rooftop Tower company, commented on the Federal Communications
Commission's ("FCC") approval of a plan to spend $2 billion over
the next two years to modernize its Schools and Libraries program,
commonly known as E-Rate.
On July 11, 2014, the FCC approved a plan to modernize its
18-year-old E-Rate federal subsidy program, which helps schools and
libraries pay for telecommunications equipment and services. The
E-Rate program was created in 1996 and has a $2.6 billion annual
budget. The modernization program provides $1 billion of
additional funding for wireless technologies in each of the next
two fiscal years. These funds will be directed towards Wi-Fi
and VoiP as traditional phone lines and pagers are phased out.
"We applaud the FCC's decision to accelerate the deployment of
Wi-Fi in our schools and libraries as it represents the most
expedient and cost effective method of delivering internet
connectivity," stated Jeffrey Thompson, President and CEO.
"We have a diverse base of education related customers who rely on
our ability to deliver wireless broadband connectivity quickly and
at affordable prices, and look forward to the opportunity to grow
that customer base further."
Towerstream currently has more than 50 education related
deployments with K-12, college, university and library institutions
in major cities including Boston, Chicago, San Francisco and Los
Angeles. Many of these customers receive funding support under the
E-Rate program.
For educational institutions interested in learning more, please
contact our Vice President of Sales, Matt Tooker at
mtooker@towerstream.com.
About Towerstream Corporation
Towerstream (Nasdaq:TWER) is a leading 4G 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. Towerstream was originally founded in
2000 to deliver fixed-wireless high-speed Internet access to
businesses and to date offers broadband services in 12 urban
markets including 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. For more information on Towerstream services,
please visit www.towerstream.com and/or follow us @Towerstream.
The Towerstream Corporation logo is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=6570
About HetNets Tower Corporation
HetNets Tower Corporation ("HetNets") was formed in January 2013
as a wholly owned subsidiary of Towerstream Corporation
(Nasdaq:TWER), and 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. More information is available
at http://www.hetnets.com.
Safe Harbor
Certain statements contained in this press release are
"forward-looking statements" within the meaning of applicable
federal securities laws, including, without limitation, anything
relating or referring to future financial results and plans for
future business development activities, and are thus prospective.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified
based on current expectations. Such risks and uncertainties
include, without limitation, the risks and uncertainties set forth
from time to time in reports filed by the Company with the
Securities and Exchange Commission, including, without limitation,
risk related to our ability to deploy and expand small cell rooftop
tower locations in the New York City and other key markets.
Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be
correct. Consequently, future events and actual results could
differ materially from those set forth in, contemplated by, or
underlying the forward-looking statements contained
herein. The Company undertakes no obligation to correct or
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT: INVESTOR CONTACT:
Monica Gould
The Blueshirt Group
212-871-3927
monica@blueshirtgroup.com
MEDIA CONTACT:
Todd Barrish
Indicate Media
917-861-0089
todd@indicatemedia.com
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