Dallas, Texas 05/30/2014 (FINANCIALSTRENDS) – Alcatel Lucent SA (ADR) (NYSE:ALU) partners with Towerstream Corp. (NASDAQ:TWER) for small cell services which will allow to offer one stop solution for carriers for Small Cell wireless infrastructure deployment. Towerstream Corp. (NASDAQ:TWER) is a leading Small Cell Rooftop Tower company and this agreement will allow to leverage its Fixed Wireless and Small Cell assets. Alcatel-Lucent mainly operates in Core Networking segment, Access segment and Other segment and offers Internet Protocol and Cloud Networking services besides its fixed and wireless services.
As a part of this agreement, Towerstream will allow Alcatel-Lucent access to locations and number of services including power, backhaul, and mounting rights. Leveraging, Towerstream’s assets and services, Alcatel-Lucent will be able to instantly serve the customers preferences while meeting varying technical needs.
As a part of this small cell partnership, Alcatel Lucent SA (ADR) (NYSE:ALU) and Towerstream Corp. (NASDAQ:TWER) will work together and support each other in technical preparation of contract proposals and projects. In addition, the agreement allows the freedom whereby any of the companies can sign up a project contract with carriers as a general contractor and the other will work on a sub-contractor basis.
Executive Comments
Alcatel-Lucent executive, Mike Schabel expressed that the addition of Towerstream to the company’s “Metro Cell Express Site Certification” program will accelerate and expand its ability to scale the deployment of metro cells by leveraging Towerstream’s assets, backhaul connectivity and power accessibility services.
Chief Executive Officer of Towerstream Corp. (NASDAQ:TWER), Jeff Thompson expressed that Alcatel-Lucent’s expertise, market experience and customer base coupled with Towerstream’s more than 5000 real estate asset locations and related services will allow us a greater opportunity of fast-tracking small cell deployments to instantly meet the needs of different carriers ranging from tailored a la carte solutions to all-encompassing build-out.
Stock Update
On Thursday, the stock of Alcatel Lucent SA (ADR) (NYSE:ALU) closed at $4.01, gaining 0.50% from its previous close. The stock is trading near its 52-week high of $4.68.
