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Tower One Wireless Corp (TOWTF) is a publicly traded company on the CSE, established in 2015. The company's core business involves owning and operating high-quality cellular network infrastructure sites in South American markets experiencing rapid usage growth. Tower One Wireless concentrates on constructing towers in areas with limited or no cellular coverage, increasing the chances of multiple carriers sharing the tower and reducing competitive risk. The company boasts a seasoned management team with extensive experience in cellular development from one of South America's leading tower developers. Currently, Tower One Wireless is focused on expanding 4G LTE infrastructure in Colombia and plans to venture into other territories soon.
Tower One Wireless Corp. (OTCQB: TOWTF) reported a significant revenue increase to CAD$10,687,626 for 2021, marking a 97% growth over the past two years. The rise is attributed to more operational towers, increased collocation, and sales of existing towers in Argentina. The company also achieved its first positive EBITDA of CAD$229,901, up from a loss the previous year. Tower construction reached a historic high with 204 towers operational by year-end. Future growth is supported by financing agreements and increased demand for services across Latin America.
Tower One Wireless (OTC: TOWTF) announced that CEO Alejandro Ochoa will attend the Q2 Investor Summit Group on May 3-4, 2022, at The Westin New York Grand Central. Founded in 2015, Tower One Wireless focuses on developing build-to-suit multi-tenant communication infrastructure in South America, specifically in Colombia, Mexico, and Ecuador, serving nearly 198 million people. The company emphasizes a Build-to-Suit strategy, securing long-term leases before tower construction, and offers various tower-related services.
Tower One Wireless Corp. (OTCQB: TOWTF) announced a new contract with Telefonica (NYSE: TEF) to build tower sites in Ecuador, necessitating an $18M CAPEX. This marks Tower One's entry into Ecuador, enhancing its operational portfolio and diversifying currency exposure in Latin America. CEO Alejandro Ochoa stated the project, bolstered by a local experienced team, is expected to be completed by the end of 2022. The company currently operates 231 towers across Colombia and Mexico, focusing on multi-tenant wireless infrastructure.
Tower One Wireless Corp. (OTCQB: TOWTF) has completed nine new towers in February 2022, bringing the total to 231 towers operational, with expectations to reach approximately 450 by year-end. The newly constructed towers will generate a non-cancellable rent of over $2.3 million for the next 10 years. Additionally, the company has built a total of 18 towers year-to-date. Tower One aims to support the deployment of efficient telecom networks to bridge the digital divide in Latin America, enhancing economic development.
Tower One Wireless Corp. (OTCQB: TOWTF) reports a successful construction update for February 2022, completing 8 new towers, bringing the total to 222 towers operational. The towers generate over $1,200,000 in non-cancellable rent over 10 years, excluding co-location revenue. With a target of 450 towers by year-end, Tower One continues to support telecommunications infrastructure growth in Latin America. CEO Alejandro Ochoa highlighted the impact on reducing the digital divide and economic development in the region.
Tower One Wireless Corp. (OTCQB: TOWTF) announced a construction update for February 2022, completing 8 new towers, bringing the total to 222 towers in operation. Construction is underway for an additional 44 towers in Colombia and Mexico, projected to generate $1,200,000 in non-cancellable rent over 10 years, excluding colocation revenue. The company anticipates operating approximately 450 towers by year-end.
The overall value of the new towers exceeds $2,200,000. Tower One emphasizes its role in reducing the digital gap across Latin America.
Tower One Wireless Corp. (OTCQB: TOWTF) presented at the LD Micro Main Event Conference on October 13, 2021. CEO Alejandro Ochoa discussed construction updates and the company's strategy for global expansion. The presentation was part of Track One and started at 3:00 PM Pacific Time. Tower One specializes in building and operating wireless telecommunications infrastructure in Latin America and owns 172 towers in Colombia and Mexico, catering to mobile network operators. The LD Micro event also featured a virtual conference option.
Tower One Wireless Corp. reported the completion of six towers valued at $350,000 in September 2021, increasing its total to 172 towers in operation. The company currently has 54 towers under construction, anticipating approximately 200 operational towers by year-end. Contracts span 10 years with renewal options. With a backlog of 400 towers, Tower One is poised for significant revenue growth and aims to improve telecommunications across Latin America, addressing the digital divide.
Tower One Wireless Corp. has secured a long-term debt financing arrangement of US$25 million with Itaú Corpbanca Colombia S.A. and a local partner. This financing is split, with 75% from Itaú at an interest rate of 4.615% + IBR for the first tranche, and 4.39% + IBR for the second. The loan's term is 9.5 years. The local partner will provide the remaining 25% at a 6.2% interest rate. CEO Alejandro Ochoa stated that this partnership will facilitate the deployment of over 300 towers in the next year, as they currently have more than 400 towers in the construction pipeline.
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