NEW YORK, October 27, 2016 /PRNewswire/ --
Wi-Fi is one of the greatest connective technologies ever
invented and especially for businesses. Unfortunately, some
businesses lack the up-to-date wireless solutions that could
improve its business revenues, communication and development.
According to Small Business Trends, one of the most important
benefits of free WiFi is that it increases the time spent at that
business. Companies should seek to maximize the benefits of its
Wi-Fi capabilities according to the report. Towerstream Corporation
(NASDAQ: TWER), Comcast Corporation (NASDAQ: CMCSA), Verizon
Communications Inc. (NYSE: VZ), Time Warner Inc. (NYSE: TWX),
AT&T Inc. (NYSE: T).
The benefits of Wi-Fi can be shown after 62 percent of the
businesses surveyed, stated that customers spent more time in their
shop or business once Wi-Fi was installed. Additionally, around 50%
of customers spent more money as well. Many businesses are also
using Wi-Fi to collect big data from their consumers, so that
metrics and trends can be utilized to increase revenue and business
developments according to small business trends.
Leading wireless service provider, Towerstream
Corporation (NASDAQ: TWER) utilizes 4G Technology to deliver
advanced, high performance speed Internet access to businesses
across 12 major metropolitan markets such as NYC, Boston, LA, Chicago, SF Bay Area, Miami, Seattle, Dallas/Fort
Worth, Philadelphia,
Las Vegas/Reno and the greater Providence area where the company is
headquartered. Compared to other internet service providers,
Towerstream possesses entirely of its total network and does not
depend on the local exchange carrier network of phone wires or
cable, posing a faster installation effortlessly and securely at a
lower cost.
Towerstream Corp. expects to include up to 100 brand new
buildings to its "On-Net" footprint by next quarter, totaling 437
buildings. On-Net refers to the widespread amount of buildings in
the markets currently lit for On-Net Business Internet Service that
the company selects and offers high-capacity bandwidth at
remarkable savings. On-Net allows businesses to experience much
faster than fiber internet. Adding the new buildings, this means
the company has more than double the 265 buildings that were in the
On-Net footprint at the end of the first half of the year. The
company expects to add 170 new buildings during the second half of
2016 that will be equipped with On-Net. This is likely to generate
approximately 70 percent in business growth of On-Net services.
"With our ability to provide fiber-like speed and fiber-like
stability at a fraction of fiber's CapEx cost, more companies are
recognizing the benefits of our network," said Interim Chief
Executive Officer, Philip Urso. "By
sharing CapEx cost among many customers located in our On-Net
buildings, we can offer market-setting prices and provide
leading-edge service." "There is momentum in our business now,"
commented Chief Operating Officer, Arthur
Giftakis. "We accelerated our On-Net platform in Q1 of this
year and already 48 percent of our buildings have multiple
customers and several have more in this early stage of our
expansion initiative."
Comcast Corporation (NASDAQ: CMCSA) has recently upgraded
the speed of its popular internet speed tiers - Blast! And
Performance Pro - by 33 percent for majority of customers in the
Northeast Division (14 states), free of charge. The download speeds
will rise from 150 Mbps to 200 Mbps, and Performance Pro users will
expect an increase from 75 Mbps to 100 Mbps, both free of charge.
Customers who are currently subscribed to its Xfinity bundles with
these speed tiers will be upgraded to the new set speeds. These
latest increases show Comcast's ongoing promise to increase speeds
for its clients, as it has been done annually for over a
decade.
Verizon Communications Inc. (NYSE: VZ) recent third
quarter earnings displayed strong constant profitability and
consumer loyalty at Verizon Wireless, and its repeated customer
growth for Fios fiber-optic services. Fios revenue growth has been
compelled by a bigger consumer base, solid customer loyalty and
demand for higher internet speeds. Approximately 16 percent of the
Fios Internet base has picked for speeds of 100 Mbps or higher,
compared with 11 percent during its last quarter. Customer demand
for Custom TV remains strong and is consistent with previous
quarters.
AT&T Inc. (NYSE: T) $85
billion monster deal to acquire Time Warner Inc.
(NYSE: TWX) has been the talk of the town for the past week that
will require a lengthy review by officials at Washington. The two companies are anticipating
an approval by the end of 2017. For AT&T customers, nothing
will change as of yet. The cost of its wireless service will remain
the same or reduced as a result of the acquisition. In the coming
years, AT&T expect drastic changes in the many ways we
associate ourselves to the media, and wants to be ahead of them. It
wants to familiarize new ways to individuals watch television and
access news coverage. And it wants to encourage wireless customers
to pay for a cable-like package of different channels without the
need for a cord.
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