This morning, I am very pleased to report that Towerstream announced an agreement to acquire Sparkplug Communications’ Chicago and Nashville business assets, including all customer contracts and network infrastructure.

We’re looking forward to expanding our Chicago market as well as establish ourselves in Nashville. Our first acquisition in company history, this transaction will be accretive once fully integrated and moreover, reflects our company philosophy to explore opportunities in line with our business model and mission to enhance shareholder value. The acquisition is expected to close by the end of Q2.

Now, what exactly does this mean for Towerstream? Here’s what I’m most excited about:

• The Chicago acquisition will make Chicago our third largest coverage area, increasing the local customer base by approximately 150 percent, annual revenue by approximately $1.3 million, and network coverage area by about 45 percent.
• Nashville joins as our eleventh market nationally.

Or are you a local Chicago or Nashville dweller, and looking to connect your business? Let us know, you can tweet to us at @Towerstream. We think you’ll like being part of our community.