Towerstream Announces Strategic Repositioning of Business and Retention of Investment Bank
TOWERSTREAM CORP (TWER)
US:NASDAQ Investor Relations:
ir.towerstream.com
Company Research
Source: GlobeNewswire
MIDDLETOWN, R.I., March 19, 2018 (GLOBE NEWSWIRE) -- Towerstream Corporation (OTCQB:TWER) a fixed wireless fiber alternative provider, announced today that its Board of Directors has commenced evaluation of strategic repositioning of the company as it moves to leverage its existing key assets in major U.S. markets. In conjunction with such announcement, the company is launching a concerted focus on indirect and wholesale channels and the retention of Bank Street Group LLC as its independent financial advisor to explore strategic alternatives with such broadband carriers. “After reviewing the core assets of the company, the Board has decided to work much more closely with other operators which have had a difficult time penetrating important markets,” said Ernest Ortega, Towerstream’s Chief Executive Officer. “Towerstream’s footprint in a dozen Tier 1 markets enable it to reach nearly 400,000 buildings. We already provide high speed broadband services to over 2,800 buildings in those
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