- Tower One (TO) added $2.7 million in non-cancellable rent during February 2023
- The revenue will be dispersed over 10 years and comes after the completion of 13 new towers for the month
- The company now has 412 tenants across its 374-tower portfolio
- Tower One builds, owns and operates multi-tenant wireless telecommunications infrastructure in Latin America
- Tower One Wireless (TO) is unchanged, trading at $0.06 per share
Tower One (TO) added $2.7 million in non-cancellable rent during February 2023.
The revenue will be dispersed over 10 years and comes after the completion of 13 new towers for the month, including one in Ecuador and 12 in Colombia, with a total of 42 towers under construction in these two countries.
The $2.7 million figure excludes colocation revenue upside and inflation escalator terms.
Tower portfolio
The company remains focused on deploying telecommunications networks in communities across Latin America to reduce the digital gap and improve economic development.
Tower One builds, owns and operates multi-tenant wireless telecommunications infrastructure in Latin America. Its network of 374 towers covers Colombia, Ecuador and Mexico.
Tower One Wireless (TO) is unchanged, trading at $0.06 per share as of 10:18 am EST.