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Tower One Wireless (CSE:TO) announces increased revenue

Market News, Telecommunication
CSE:TO
13 January 2023 09:45 (EST)

Source: Tower One Wireless.

Tower One Wireless (TO) completed construction on 14 towers in December 2022.

This includes 7 towers in Ecuador and 7 towers in Colombia. The company has an additional 51 towers under construction in these two countries.

The 14 towers will provide non-cancellable rent revenue of $2 million over 10 years, excluding colocation revenue upside and inflation escalator terms.

Current tower portfolio
Total towers built December 202214
Total towers built YTD172
Total towers in portfolio348
Colocations (total)34
Total tower tenants382

The company remains focused on deploying telecommunications networks across Latin America to reduce the digital gap between users and communities, foster inclusion and improve economic development.

Tower One builds, owns and operates multi-tenant wireless telecommunications infrastructure in Latin America.

Tower One Wireless (TO) opened unchanged, trading at $0.065 per share.


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