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Towerstream Corporation (NASDAQ:TWER) and Boingo Wireless, Inc. (NASDAQ:WIFI) have signed an agreement that will allow Boingo to manage Internet services across the state-of-the-art Wi-Fi network in New York City’s Manhattan borough that is operated by Towerstream.
The network will broadcast the “Boingo Hotspot” SSID and deliver a full Boingo retail experience. It will be available to Boingo’s retail Wi-Fi customers and anyone who wants to purchase Wi-Fi access, as well as the company’s wholesale platform service customers, such as KT, Orange France, Skype, and Verizon. The agreement includes provisions for Boingo to leverage additional networks that Towerstream may build and launch in the future. The Boingo-managed network in Manhattan is expected to launch before the end of the year.
“With the explosion of Wi-Fi enabled mobile devices, this network will provide our customers with an exceptional data experience within America’s biggest city,” said Luis Serrano, senior vice president of business and corporate development for Boingo Wireless. “Whether they use iPhones or iPads, Android devices or any other mobile device, we’ll be able to simplify their access to universal Wi-Fi and provide that service cost-effectively.”
“The Boingo partnership is Towerstream’s first wholesale partner for our Manhattan Wi-Fi Network,” said Jeff Thompson, Towerstream CEO. “People who live and visit New York have probably experienced slow, throttled or at times nonexistent mobile broadband speeds. This network is designed to help alleviate this issue and Boingo customers will now experience the fast lane.”
Boingo customers, who currently have access to over 400,000 hotspots around the world, will soon be able to access the mobile Internet with the single click of a button when roaming around the streets of Manhattan while using the Boingo Wi-Finder app. Boingo Wireless offers several unlimited Wi-Fi service plans for customers, as well as day pass and hourly access, depending on their connectivity needs.
http://www.boingo.com/wifi-plans/About Towerstream Corporation
Towerstream is a leading 4G service provider in the U.S., delivering high-speed wireless Internet access to businesses. Founded in 2000, the Company has established networks in 12 markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Nashville, Las Vegas-Reno and the greater Providence area where the Company is based. For more information, visit our website at
www.towerstream.com or follow us on Twitter @Towerstream.
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http://www.globenewswire.com/newsroom/prs/?pkgid=6570About Boingo Wireless
Boingo Wireless, Inc. (NASDAQ: WIFI), the world's leading Wi-Fi software and services provider, makes it easy, convenient and cost-effective for people to enjoy Wi-Fi access on their laptop or mobile device at more than 400,000 hotspots worldwide. With a single account, Boingo users can access the mobile Internet via Boingo Network locations that include the top airports around the world, major hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. Boingo and its Concourse Communications Group subsidiary operate wired and wireless networks at large-scale venues worldwide such as airports, major sporting arenas, malls, and convention centers, as well as quick serve restaurants. For more information about Boingo, please visit
http://www.boingo.comSafe HarborCertain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
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