President and CEO of Towerstream Industry Perspective January 20, 2010 Jeff Thompson President and CEO of Towerstream

Towerstream delivers high speed wireless Internet access to businesses.

Towerstream Background Delivers high-speed, wireless broadband to businesses in the largest U.S. markets using 4G High-margin, recurring revenue model with substantial network capacity We own and control our entire network Offers simple products that customers can understand and buy over the phone

Broadband Stimulus Background Why do we need it? Expanding access to broadband for all Americans Program overview BTOP vs. BIP What’s available? Benefits Economic – jobs, jobs, jobs! Lower priced broadband Productivity gains Underserved/unserved areas How does the government define it? Urban AND rural

The Application Process Requirements for applicants Shovel ready Net neutral 20% match Where are we now? 2,200 organizations applied Seeking a total of $28 billion Service providers (including Towerstream) Cities and towns Non-profit organizations

Why 4G? Price Future proofed networks Speed Wireless technology is always less expensive to deploy than wire line Cheaper to maintain and repair More bang for the government’s buck! Future proofed networks 4G is the future of communications Allows for new applications with mobility and portability in mind Speed Wireless offers a faster roll-out than wire line Networks will be faster with 4G – users can do more Create jobs more quickly with a sustainable technology Jeff

What’s Next? Delivery of funds to first tranche grant winners Second and third tranche applications Delivery of networks