Towerstream Closes Acquisition of Boston and Providence Assets of Pipeline Wireless
Thursday, December 16, 2010
Towerstream (Nasdaq:TWER), a leading 4G service provider, 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.
"We are very excited to close our second accretive acquisition," stated Jeffrey Thompson, Chief Executive Officer. "Acquisitions will continue to enhance our strong organic growth and accelerate market cash flow and penetration."
Middletown company building since 2000
Towerstream is a leading 4G service provider in the US, delivering high-speed wireless Internet access to businesses. Founded in 2000, the company has established networks in 11 markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Nashville and the greater Providence area.
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