- Tower One Wireless Corp. (TO) has completed 21 new telecommunication towers
- 10 towers are now in Colombia and 11 towers in Ecuador
- The total for its Columbian, Ecuadorian, and Mexican towers now comes to 47
- It has secured a total, non-cancellable rent for 10 years for about $2.4 million
- It started with 206 towers this year but expects to have around 450 by years end
- Tower One Wireless Corp. (TO) is unchanged trading at $0.07 per share as of 11:35 a.m. ET
Tower One Wireless Corp. (TO) has completed 21 new telecommunication towers as a part of its expansive construction planning.
Last month, Tower One Wireless Corp set up the new towers throughout Latin America. 10 towers are now in Colombia and 11 towers in Ecuador. The total for its Columbian, Ecuadorian, and Mexican towers now comes to 47
According to Tower One, these towers have been built specifically for certain client needs. It has secured a total, non-cancellable rent for 10 years for over $2.4 million for these towers.
This year Tower One started off with 204 towers in operation but is now up to 260 towers. The company stated that given its current construction schedule it expects to have around 450 towers by the end of this year.
Tower One leases space on its towers to mobile network operators focused on building the tower industry by securing a long-term lease with a tenant before pursuing construction.
Tower One Wireless Corp. (TO) is unchanged trading at $0.07 per share as of 11:35 a.m. ET.