FiberTower Reports 2010 Third Quarter Results: Loss Per Share of $0.25

FiberTower Corporation FTWR, a wireless backhaul services provider, reported results for the third quarter and nine months ended September 30, 2010. Highlights for the Quarter * Service revenues net of early termination liability (ETL) grew 19% to $19.3 million in the 2010 third quarter from $16.2 million in the 2009 third quarter. * Average monthly revenue per deployed site net of ETL increased 17% to $2,029 in the 2010 third quarter from $1,733 in the 2009 third quarter. * Adjusted EBITDA net of ETL was $692,000 and improved $3.6 million from a loss of $2.9 million in the 2009 third quarter. * Deployed sites grew to 3,170 in the third quarter of 2010 from 3,118 in the third quarter of 2009. * Cash and cash equivalents balance was $31.2 million at September 30, 2010. Loss Per Share of $0.25