FiberTower Recognized as One of the Fastest Growing Technology Companies in North America on Deloitte's 2009 Technology Fast 500

FiberTower Recognized as One of the Fastest Growing Technology Companies in
North America on Deloitte's 2009 Technology Fast 500

SAN FRANCISCO, Oct. 29 /PRNewswire-FirstCall/ -- FiberTower Corporation
(Nasdaq: FTWR), a wireless backhaul services provider, announced that it has
been included in the Technology Fast 500(TM), Deloitte LLP's ranking of 500 of
the fastest growing technology, media, telecommunications, life sciences and
clean technology companies in North America. Rankings are based on percentage
of fiscal year revenue growth during the five year period from 2004-2008.
FiberTower ranked twentieth in the communications/networking category, 100th
in the overall ranking and its revenue grew 1,776 percent during this period.

FiberTower's Chief Executive Officer and President, Kurt Van Wagenen,
attributed the Company's growth to its disciplined focus on adhering to its
core values, built on customer satisfaction, as well as secular demand trends.
He said, "We appreciate Deloitte's Technology Fast 500 recognition of our
success. Our growth is primarily due to the ongoing demand for wireless
backhaul services driven by the wireless industry's transition to capacity
intensive applications. We regard the honor as validation of our focus on
meeting our customers' requirements with respect to cost, capacity and
coverage during this critical juncture in the wireless industry's
development."

"Technology Fast 500(TM) recognizes innovative companies that have broken down
barriers to success and defied the odds with their remarkable five-year
revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media
and Telecommunications leader, Deloitte LLP.

"We congratulate FiberTower on this accomplishment. With its impressive
five-year growth, FiberTower has earned its position among the fastest growing
technology, media, telecommunications, life sciences and clean technology
companies in North America," said Mark Jensen, Managing Partner, Technology
and Venture Capital Services, Deloitte & Touche LLP." "Deloitte is proud to
honor FiberTower for its achievement."

Overall, Technology Fast 500(TM) award winners for 2009 had growth rates
ranging from 212 to 146,050 percent over five years, with an average growth
rate of 2,486 percent.

Technology Fast 500(TM) Selection and Qualifying Criteria
Technology Fast 500(TM) provides a ranking of the fastest growing technology,
media, telecommunications, life sciences and clean technology companies in
North America. This ranking is compiled from nominations submitted directly to
the Technology Fast 500(TM) website, and public company database research
conducted by Deloitte. Technology Fast 500(TM) award winners for 2009 are
selected based on percentage fiscal year revenue growth during the five year
period from 2004 to 2008. To be considered, Fast 500 entrants must have met
the following criteria:

-- Must own proprietary intellectual property or proprietary technology
that contributes to a significant portion of the company's operating
revenues. Using other companies' technology or intellectual property
in
a unique way does not satisfy this requirement. Consulting companies,
professional service firms, etc. are not eligible unless they have
proprietary technology that contributes to a significant portion of
their operating revenues.
-- Base-year operating revenues must be at least $50,000 USD or CD, and
current-year operating revenues must be at least $5 million USD or CD.

These revenues must have more than doubled between 2004 and 2008.
-- Must be in business for a minimum of five years.

-- Must be headquartered within North America.

About FiberTower
FiberTower is a backhaul and access services provider focused primarily on the
wireless carrier market. With its extensive spectrum footprint in 24 GHz and
39 GHz bands, carrier-class microwave and fiber networks in 13 major markets,
master service agreements with nine U.S. wireless carriers, and partnerships
with the largest tower operators in the U.S., FiberTower is considered to be
the leading alternative carrier for wireless backhaul. FiberTower also
provides backhaul and access service to government and enterprise markets.
For more information, please visit our website at www.fibertower.com.

About Deloitte
"Deloitte" is the brand under which tens of thousands of dedicated
professionals in independent firms throughout the world collaborate to provide
audit, consulting, financial advisory, risk management, and tax services to
selected clients. These firms are members of Deloitte Touche Tohmatsu (DTT), a
Swiss Verein. Each member firm provides services in a particular geographic
area and is subject to the laws and professional regulations of the particular
country or countries in which it operates. DTT helps coordinate the activities
of the member firms but does not itself provide services to clients. DTT and
the member firms are separate and distinct legal entities, which cannot
obligate the other entities. DTT and each DTT member firm are only liable for
their own acts or omissions, and not those of each other. Each of the member
firms operates under the names "Deloitte," "Deloitte & Touche," "Deloitte
Touche Tohmatsu," or other related names. Each DTT member firm is structured
differently in accordance with national laws, regulations, customary practice,
and other factors, and may secure the provision of professional services in
their territories through subsidiaries, affiliates and/or other entities.

Investor Contact:
Gus Okwu / DRG&E
404-532-0086
gokwu@drg-e.com

Company Contact:
Ornella Napolitano, VP and Treasurer
FiberTower Corporation
415-659-3580
onapolitano@fibertower.com

SOURCE FiberTower Corporation

investors, Gus Okwu, DRG&E, +1-404-532-0086, gokwu@drg-e.com; or company,
Ornella Napolitano, VP and Treasurer, FiberTower Corporation, +1-415-659-3580,
onapolitano@fibertower.com