Towerstream launches in Phillie

Fixed WiMAX service provider Towerstream rolled out service in Philadelphia today, its 10th deployment since the company was founded in 2000.
Towerstream targets businesses with its fixed wireless services, offering speeds of T1, T3, 100 and 1,000 megabit per second connections. “Philadelphia presents a significant growth opportunity for Towerstream and was a natural next step for our expansion given its heavy concentration of businesses. Towerstream has shown again and again that the company has a proven, replicable market roll-out model that yields predictable growth. Based on these experiences across all of our existing nine markets, we expect the expansion into Philadelphia will be another successful venture. Moving into 2010, we look forward to building our presence in Philadelphia and other target markets throughout the U.S, said Jeff Thompson, president and CEO of the company.
Thompson started Towerstream in 2000 with money from a small group of investors and fewer than 30 employees. The company went public in 2007 when $55 million was raised in investments.
The company has become a leading fixed WiMAX service provider. It provides Internet services through its wireless broadband network, targeting small to medium businesses that have between five and 200 employees. The company first launched its service in Boston in 2001.