Vancouver, British Columbia, Canada, March 31, 2022 (GLOBE NEWSWIRE) — TOWER ONE WIRELESS CORP. (OTCQB: TOWTF) (CSE: TO) (Frankfurt: 1P3N) (“Tower one” or “society”) Provides the latest information on the construction of February 2022.
During February, we Can complete eight new towers, with a total of 44 towers under construction in Colombia and Mexico. These towers are tailored to specific clients and offer non-cancellable rents totaling over $ 1,200,000 over a 10-year period (* this figure includes rising collocation revenue and inflation escalator conditions). Not).The value of these towers is over $ 2,200,000
Tower One began this year with 204 towers in operation, and as of February 28, the company owns and operates 222 towers, and given the current construction schedule, it is expected that approximately 450 towers will be operational by the end of the year. ..
|Total number of towers built in February||8|
|Total Tower Built YTD||18 18|
|total Towers In the portfolio||222|
|Collocation (total)||41 41|
|total Tower tenant||263|
“In 2021, we completed an additional 160 towers, which are actively contributing to the continued growth of the company’s revenue and value. Tower One provides the backlog outlined above. We have established our position as a leading provider in Latin America. Our goal is to continue this consistent build in anticipation of the future development of 5G in the local market, “said TowerOneWireless. Alejandro Ochoa, Chief Executive Officer, commented.
Tower One will continue to support efforts to develop efficient telecommunications networks that connect to a more connected service community throughout Latin America. Deploying new infrastructure to provide mobile internet coverage has a direct impact on reducing the digital gap between users and communities, ensuring that economic development is embraced and improved.
A copy of the February 2022 Construction Report is available on our website or at this link.
About Tower One
Tower One’s main business is to build, own and operate a multi-tenant wireless communication infrastructure (“Tower“) In Latin America. Tower One leases tower space to mobile network operators. We are focused on building for the tower industry, which secures long-term leasing with tenants before building the tower. The company owns and operates 222 towers in the two largest Spanish-speaking countries of Latin America (Colombia and Mexico), with a total population of approximately 180 million.
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Description of future prospects
Specific statements in this release are forward-looking statements, including regulatory approvals and other matters. Statements about future prospects include beliefs, plans, Expectations, Or future intent.Such information is generally identifiable By the use of Positive expressions such as “may”, “expect”, “estimate”, “expect”, “intention”, “believe”, “continue”, or their negative expressions, or the like. Variations. The forward-looking statements in this news release include our expectations of obtaining acceptance of the new tower by our customers. By its very nature, forward-looking statements include forecasts, estimates, forecasts, predict, And no other forward-looking statements occur.Looking to the future statement Inevitably based Number of If not true, factors that may cause our actual results, performance, or performance to differ materially from future results, performance, or performance expressed or implied by such statements. These assumptions, risks and uncertainties include, among other things, general economic conditions, especially capital markets, the impact of the ongoing COVID-19 pandemic, current and future business strategies, and the environment in which we operate. It will be. Future and other factors. Many of these are beyond our control. Such estimates and assumptions are considered reasonable by our management, but are essentially significant business, economic, etc. Competitiveness, And regulation Uncertainty And risk. We undertake no obligation to update any forward-looking statements or forward-looking information referenced in this document. as a result New information events or other, unless required by applicable securities law.
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Tower One Announces Completion of Eight Towers-Additional Non-Cancellable Rent USD $ 1,200,000, Canadian Business Journal
Source link Tower One Announces Completion of Eight Towers-Additional Non-Cancellable Rent USD $ 1,200,000, Canadian Business Journal