TOWER ONE WIRELESS ANNOUNCES UPDATES ON CONSTRUCTION IN SEPTEMBER 2022, Canadian Business Journal

VANCOUVER, BC, CANADA, OCTOBER 19, 2022 (GLOBE NEWSWIRE) — Tower One Wireless Co., Ltd. (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) (“tower one” or “Company”) announces clarifications for the September 2022 Construction Update distributed on October 18, 2022.

During September, we CompleteEd 13 (13) new tower: Nine (9) Tower of Columbiaand four (4) ecuador tower. total of WhatThirteen (43) Tower Under construction of These specific countries also. These towers are built for specific clients and offer non-cancellable total rents. Earnings 10 years about $2,300,000 Gross Margin 71%. The Company also completed the sale of 28 towers during the same period.

Tower One will continue to support efforts to deploy efficient telecommunications networks, enabling more connected and serviced communities across Latin America. Deploying new infrastructure to provide mobile Internet coverage has the direct effect of reducing the digital gap for users and communities, ensuring inclusiveness and improving economic development.

A copy of the September 2022 Construction Report is available on the company website or at the following link.

On behalf of the Board of Directors
Tower One Wireless Co., Ltd.
“Alejandro Ochoa”
Alejandro Ochoa, CEO, Interim CFO, Director
Phone: 1-786-280-2160
addition contact address:
Corporate communication
Phone: +1 917 546 3016
Email: [email protected]
Website: www.toweronewireless.com

About Tower One
Tower One’s primary business is to build, own and operate a multi-tenant wireless communications infrastructure (“tower”) in Latin America. Tower One leases space in its towers to mobile network operators. The company focuses on building for the tower industry, where long-term lease agreements are signed with tenants prior to tower construction. The company owns and operates his 307 towers in Latin America’s largest Spanish-speaking countries (Colombia, Ecuador and Mexico), with a combined population of approximately 190 million.

Forward-Looking Statements

Certain statements in this release, including regulatory approvals and other matters, are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future.Such information can generally be identified using Positive language such as “may,” “expect,” “estimate,” “predict,” “intend,” “believe,” “continue,” or the negative thereof, or similar variation. Forward-looking statements in this news release include statements regarding our expectations that our customers will accept the new towers. By their nature, forward-looking statements involve a number of general and specific assumptions, known and unknown, that contribute to the possibility that the predictions, estimates, projections, forecasts and other forward-looking statements may not occur. includes the risks and uncertainties ofForward-looking statements are necessarily based on: Several Factors that, if not true, could cause our actual results, performance or performance to differ materially from any future results, performance or performance expressed or implied by such statements. These assumptions, risks and uncertainties include, among other things, general economic conditions, particularly the capital markets, the impact of the ongoing COVID-19 pandemic, current and future business strategies and the environment in which we operate. included. future and other factors, many of which are beyond our control. Such estimates and assumptions, while believed by our management to be reasonable, are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information referenced herein. as a result new informational events or otherwise, except as required by applicable securities laws;

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