Tuesday, May 5, 2009

Towerstream Reports Strong Customer Installations in Q1

Towerstream, a WiMAX provider currently operating in nine U.S. metropolitan areas, reported that first quarter 2009 revenues increased 64% from the first quarter 2008 and increased 6% from the fourth quarter 2008. The company cited a record number of customer installations in first quarter 2009 and said six markets are now generating positive EBITDA and all nine markets collectively are generating positive EBITDA.

"Our first quarter results were impressive, especially considering the difficult economic environment," said Jeff Thompson, President and Chief Executive Officer. "ARPU for new customers was lower in the first quarter, reflecting more cautious purchasing decisions by new customers. However, our total number of installations reached a corporate record during the quarter, reflecting strong overall customer demand. Businesses need a strong Internet connection to operate effectively and our unique, simple broadband products provide that solution."http://www.towerstream.com