Towerstream Closes Color Broadband Buy

Towerstream closes acquisition of Color Broadband in Los Angeles area

December 5, 2011

1 Min Read

MIDDLETOWN, R.I. -- TowerstreamCorporation (Nasdaq:TWER), a leading 4G service provider and Wi-Finetwork operator, completed its acquisition of substantially all of thebusiness assets of Color Broadband Communications, Inc. ("ColorBroadband"). The acquired business assets include substantially all ofColor Broadband's customer contracts, network infrastructure, andrelated assets in the Los Angeles market.

"We are pleased to close our third acquisition in the last twelvemonths, our fourth in total, and our largest to date," stated JeffThompson, Chief Executive Officer. "Our California market has beengrowing rapidly over the past few years and this transaction makes LosAngeles our largest revenue generating market."

Towerstream Corp. (Nasdaq: TWER)

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