NEW YORK, October 27, 2016 /PRNewswire/ --
Wi-Fi is one of the greatest connective technologies ever invented and especially for businesses. Unfortunately, some businesses lack the up-to-date wireless solutions that could improve its business revenues, communication and development. According to Small Business Trends, one of the most important benefits of free WiFi is that it increases the time spent at that business. Companies should seek to maximize the benefits of its Wi-Fi capabilities according to the report. Towerstream Corporation (NASDAQ: TWER), Comcast Corporation (NASDAQ: CMCSA), Verizon Communications Inc. (NYSE: VZ), Time Warner Inc. (NYSE: TWX), AT&T Inc. (NYSE: T).
The benefits of Wi-Fi can be shown after 62 percent of the businesses surveyed, stated that customers spent more time in their shop or business once Wi-Fi was installed. Additionally, around 50% of customers spent more money as well. Many businesses are also using Wi-Fi to collect big data from their consumers, so that metrics and trends can be utilized to increase revenue and business developments according to small business trends.
Leading wireless service provider, Towerstream Corporation (NASDAQ: TWER) utilizes 4G Technology to deliver advanced, high performance speed Internet access to businesses across 12 major metropolitan markets such as NYC, Boston, LA, Chicago, SF Bay Area, Miami, Seattle, Dallas/Fort Worth, Philadelphia, Las Vegas/Reno and the greater Providence area where the company is headquartered. Compared to other internet service providers, Towerstream possesses entirely of its total network and does not depend on the local exchange carrier network of phone wires or cable, posing a faster installation effortlessly and securely at a lower cost.
Towerstream Corp. expects to include up to 100 brand new buildings to its "On-Net" footprint by next quarter, totaling 437 buildings. On-Net refers to the widespread amount of buildings in the markets currently lit for On-Net Business Internet Service that the company selects and offers high-capacity bandwidth at remarkable savings. On-Net allows businesses to experience much faster than fiber internet. Adding the new buildings, this means the company has more than double the 265 buildings that were in the On-Net footprint at the end of the first half of the year. The company expects to add 170 new buildings during the second half of 2016 that will be equipped with On-Net. This is likely to generate approximately 70 percent in business growth of On-Net services.
"With our ability to provide fiber-like speed and fiber-like stability at a fraction of fiber's CapEx cost, more companies are recognizing the benefits of our network," said Interim Chief Executive Officer, Philip Urso. "By sharing CapEx cost among many customers located in our On-Net buildings, we can offer market-setting prices and provide leading-edge service." "There is momentum in our business now," commented Chief Operating Officer, Arthur Giftakis. "We accelerated our On-Net platform in Q1 of this year and already 48 percent of our buildings have multiple customers and several have more in this early stage of our expansion initiative."
Comcast Corporation (NASDAQ: CMCSA) has recently upgraded the speed of its popular internet speed tiers - Blast! And Performance Pro - by 33 percent for majority of customers in the Northeast Division (14 states), free of charge. The download speeds will rise from 150 Mbps to 200 Mbps, and Performance Pro users will expect an increase from 75 Mbps to 100 Mbps, both free of charge. Customers who are currently subscribed to its Xfinity bundles with these speed tiers will be upgraded to the new set speeds. These latest increases show Comcast's ongoing promise to increase speeds for its clients, as it has been done annually for over a decade.
Verizon Communications Inc. (NYSE: VZ) recent third quarter earnings displayed strong constant profitability and consumer loyalty at Verizon Wireless, and its repeated customer growth for Fios fiber-optic services. Fios revenue growth has been compelled by a bigger consumer base, solid customer loyalty and demand for higher internet speeds. Approximately 16 percent of the Fios Internet base has picked for speeds of 100 Mbps or higher, compared with 11 percent during its last quarter. Customer demand for Custom TV remains strong and is consistent with previous quarters.
AT&T Inc. (NYSE: T) $85 billion monster deal to acquire Time Warner Inc. (NYSE: TWX) has been the talk of the town for the past week that will require a lengthy review by officials at Washington. The two companies are anticipating an approval by the end of 2017. For AT&T customers, nothing will change as of yet. The cost of its wireless service will remain the same or reduced as a result of the acquisition. In the coming years, AT&T expect drastic changes in the many ways we associate ourselves to the media, and wants to be ahead of them. It wants to familiarize new ways to individuals watch television and access news coverage. And it wants to encourage wireless customers to pay for a cable-like package of different channels without the need for a cord.
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