Tower One Construction Update For the Month of February 2021

Rhea-AI Summary

Tower One Wireless Corp. (CSE: TO) (OTCQB: TOWTF) reports a robust construction update for February 2021, successfully completing 18 new towers, bringing the total to 67 towers under construction across Colombia, Mexico, and Argentina. The company emphasizes its role in enhancing telecommunications infrastructure to bridge the digital divide and foster economic growth in Latin America. This strategic expansion directly supports the company's long-term lease model, which is crucial for its business operations and growth prospects.

Positive

• Completed 18 new towers in February 2021.
• Total of 67 towers currently under construction.
• Strategic focus on enhancing telecommunications infrastructure in Latin America.
• Long-term lease model supports business stability.

Negative

• None.

VANCOUVER, British Columbia, March 15, 2021 (GLOBE NEWSWIRE) -- TOWER ONE WIRELESS CORP. (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) (“Tower One” or the “Company”) provides a construction update for the month of February 2021.

During the month of February, the Company has been able to complete eighteen (18) new towers and has a total of sixty-seven (67) towers under construction in Colombia, Mexico, and Argentina.

Tower One continues to support the efforts to deploy efficient telecommunications networks which lead to more connected and serviced communities across Latin America. Deploying new infrastructure to provide mobile internet coverage has a direct effect in reducing the digital gap of users and communities ensuring inclusion and improving the economic development.

A copy of the construction report for the month of February 2021 can be found in the Company’s web site or following this link:

https://toweronewireless.com/wp-content/uploads/2021/03/TOW-Construction-Update-Feb-2021-WebV1.pdf

About Tower One
Tower One’s principal business is to build, own and operate multi-tenant wireless telecommunications infrastructure (“towers”) in Latin America. Tower One leases space on its towers to mobile network operators. The Company is focused on the build to suit tower industry whereby a long-term lease is secured with a tenant prior to building a tower. The Company operates in the three largest Spanish speaking countries in Latin America (Colombia, Mexico and Argentina) with a combined population of approximately 220 million people.

Contact Information:
Corporate Communications
Tel:	+1 917 546 3016
E-mail:	info@toweronewireless.com
Website:	www.toweronewireless.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

FORWARD LOOKING STATEMENTS

Certain statements in this release are forward-looking statements, which include regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the Company’s expectation of obtaining the acceptance of new towers by the Company’s customers. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contributes to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the impact of the ongoing COVID-19 pandemic, present and future business strategies, the environment in which the Company will operate in the future, and other factors, many of which are beyond the control of the Company. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. The Company assumes no obligation to update any forward-looking statements or forward-looking information referenced herein, whether as a result of new information events or otherwise, except as required by applicable securities laws.

FAQ

What updates did Tower One Wireless Corp. provide in March 2021?

Tower One reported the completion of 18 new towers in February 2021 and currently has 67 towers under construction across Colombia, Mexico, and Argentina.

How many towers is Tower One Wireless constructing as of February 2021?

As of February 2021, Tower One has a total of 67 towers under construction in Latin America.

What is the significance of Tower One's recent construction updates?

The updates highlight Tower One's commitment to improving telecommunications infrastructure, thus reducing the digital gap and enhancing economic development in Latin America.

What does Tower One's business model focus on?

Tower One focuses on building, owning, and operating multi-tenant wireless telecommunications towers with secured long-term leases.

What regions does Tower One operate in?

Tower One operates in Colombia, Mexico, and Argentina, which are the three largest Spanish-speaking countries in Latin America.