A system for downhole telemetry is provided herein. The system employs a series of communications nodes spaced along a tubular body either above or below ground, such as in a wellbore. The nodes allow for wireless communication between one or more sensors residing at the level of a subsurface formation or along a pipeline, and a receiver at the surface. The communications nodes employ electro-acoustic transducers that provide for node-to-node communication along the tubular body at high data transmission rates. A method of transmitting data in a wellbore is also provided herein. The method uses a plurality of data transmission nodes situated along a tubular body and a specially configured network to accomplish a wireless transmission of data along the wellbore using acoustic energy.