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 fiber alternative company delivering high speed internet access to businesses . the company 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 where the company is headquartered . in 2014 towerstream launched its on net fixed wireless service offering on net building tenants access to dedicated symmetrical high speed internet connectivity with a premier sla at market setting prices . 2 founded in 1999 by philip urso mcf communications efortress 3 and jeffrey thompson efortress 4 towerstream held its first public offering in january 2007 5 and trades on the nasdaq capital markets under symbol twer . 6 contents 1 business broadband service 2 wi fi network 3 acquisitions 4 history 5 technology 6 hetnets tower corporation 7 see also 8 references 9 external links business broadband service edit 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 . 7 wi fi network edit in the middle of 2010 towerstream started deploying a test wi fi network in manhattan using 802.11 g n technology with plans to sell wholesale access to carriers for mobile data offloading in areas of mobile congestion . 8 towerstream reported that it supported 250 000 connections per day and moved an average of one terabyte of data per day across the network . 9 in january 2011 towerstream announced it planned to expand its pilot wi fi network in manhattan and add san francisco and chicago . 9 as of august 2011 towerstream s wi fi network in manhattan consisted of over 1000 access points offering 200 mbit s each . 10 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 . 9 as of september 2013 towerstream had almost 2 000 outdoor access points deployed across manhattan and substantial deployments in miami chicago and san francisco . 11 towerstream is a current member of the wireless broadband alliance 12 and was one of the first to gain interoperability compliance program icp certification from the wba . 11 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 . 13 towerstream is also a current member of the wi fi alliance . 14 acquisitions edit 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 . 15 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 . 16 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 . 17 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 . 18 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 . 19 history edit 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 . 20 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 . 21 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 22 with the best of wimax world award for its new york city network t1 and ds3 offerings 23 and also honored by telephony online 24 with two telephony innovation awards most innovative broadband wireless service and most innovative small business service . 25 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 . 26 in december 2010 the company expanded its presence in the boston and providence markets when it acquired business assets of sparkplug communications . 16 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 . 17 on july 13 2011 towerstream representatives visited the nasdaq marketsite in new york city s times square where the ceo rang the closing bell . 27 in january 2013 hetnets tower corporation was formed as a wholly owned susididary of towerstream corporation . 28 hetnets closed its operations on march 15 2016 . 28 technology edit towerstream markets a combination of fixed wireless and wimax 802.16 e technology as 4g . 29 fixed wireless networks use ethernet dubious discuss technology not tdm 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 . 30 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 . 31 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 . 29 in 2014 towerstream launched its on net fixed wireless service offering building owners and property managers a redundant and reliable dense urban network that directly connects with towerstream s fiber backbone . towerstream on net building tenants have access to 100 mbps of dedicated symmetrical internet connectivity with a premier sla . these on net buildings leverage towerstream s fixed wireless network built high above each city . the dense mesh architecture is highly redundant and reliable with short distance connections to towerstream s fiber backbone in each city . towerstream installs the equipment required in each building to provide every business at that location with 100 mbps connections . 32 hetnets tower corporation edit hetnets tower corporation hetnets was formed in january 2013 as a wholly owned subsidiary of towerstream corporation nasdaq twer offering a neutral host shared wireless infrastructure solution either independently or as a turnkey service . its wireless communications infrastructure was 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 offered a carrier class wi fi network for internet access and the offloading of mobile data . 33 on march 15 2016 towerstream announced that the company had closed hetnets tower corporation . see also edit hetnets wimax wireless broadband fixed wireless internet service provider metro wireless list of metro wireless providers in the united states references edit twer summary for towerstream corporation yahoo finance http ir.towerstream.com releasedetail.cfm releaseid 980960 philip urso executive profile & biography businessweek jeffrey thompson executive profile & biography businessweek light reading mobile 4g lte towerstream gets symbol telecom news wire towerstream ready to wow the nasdaq belson ken . the new york times http topics.nytimes.com top news business companies towerstream corporation index.html . missing or empty title help ryan kim october 16 2010 . wi fi looks to keep the mobile internet dream alive . gigaom blog . retrieved august 25 2011 . a b c towerstream is high on wi fi towerstream launch distribution network for daily deals a b http www.thinksmallcell.com wi fi thinksmallcell interview with arthur giftakis towerstream.html http www.wballiance.com membership membership profiles http ir.towerstream.com releasedetail.cfm releaseid 808459 https www.wi fi.org who we are member companies adopter towerstream aquires sic sparkplug s assets in nashville and chicago a b towerstream closes acquisition of boston and providence assets of pipeline wireless a b towerstream closes acquisition of one velocity inc. s las vegas and reno business assets yahoo finance http www.m2mevolution.com news 2011 12 05 5973485 . htm http globenewswire.com news release 2013 03 05 528173 10024030 en towerstream completes acquisition of delos internet in houston.html belson ken 2004 11 29 . internet access delivered from above . the new york times . towerstream corporation fiercevoip honors towerstream as one of the fierce 15 voip companies of 2005 vision2mobile best of wimax world awards honor leaders in innovation connected planet online formerly telephonyonline.com telephony s 2008 innovation award winners towerstream blog blog archive towerstream acquires sparkplug communications chicago and nashville assets towerstream corporation ceo jeff thompson to ring the nasdaq stock market closing bell a b hetnets tower corporation cite error invalid ref tag ; name hetnets.com defined multiple times with different content see the help page . a b towerstream moves to wimax wireless broadband and other fixed wireless systems page 1 network computing wimax broadband wireless access and beyond technology news redorbit http ir.towerstream.com releasedetail.cfm releaseid 904178 cite error the named reference http .2 f. 2fir . towerstream.com .2 freleasedetail.cfm .3 freleaseid .3 d956614 was invoked but never defined see the help page . external links edit official website retrieved from https en.wikipedia.org w index.php title towerstream & oldid 732581184 categories internet service providers of the united statescompanies based in rhode islandcompanies listed on nasdaqhidden categories pages with reference errorspages with citations lacking titlespages with citations having bare urlspages with duplicate reference namespages with broken reference namesall accuracy disputesarticles with disputed statements from august 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 1 august 2016 at 22 03 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms