Telecomunicazioni
Tower One to Commence Construction of Additional Towers in Colombia
VANCOUVER, British Columbia, June 19, 2017 (GLOBE NEWSWIRE) -- (CSE:TO) (OTCMKTS:TOWTF) (Frankfurt:A2DKQ4) ") announces that one of its Colombia subsidiaries has received construction approval from a Mobile Network Operator ("MNO") to build 10 additional towers. Those towers, once complete, will add to the Company's current towers.
The Company is expecting to commence construction within the next 30 days. Those towers, once completed, will be the first new set of towers to be built this year in Colombia. The entire tower industry has witnessed a slowdown with average annual BTS volume, pending completion of the Colombian 700MHz and 1900MHz spectrum auction. Once the auction complete, expected in the latter half of 2017, the Company expects robust demand for towers.
Further, one of the MNO's affiliate tower company has decided to cease further tower builds in Colombia. As a result we expect additional news on further tower search rings in the next 60 days.
Alex Ochoa, CEO of Tower One, states: "I am very pleased with the significant developments we have achieved in a short period of time. This is testament to the country expertise and reputation that our senior management team has in Colombia, resulting from their track record of success in the Colombia tower industry. I expect that the Company will be able to achieve strong growth both through tower builds and the acquisition of existing tower portfolios over the next year."
Tower One Wireless was founded in 2015 with a mission to own and operate high-quality cellular network infrastructure sites in South American markets that are experiencing strong growth.
Tower One Wireless focuses primarily on building towers in municipalities where there is limited or no cellular coverage. This enhances the probability of multiple carriers sharing the tower and minimizes competitive risk. Tower One Wireless has assembled a decorated management team which has top-tier cellular development experience with one of South America's largest tower developers. Tower One Wireless is currently focused on 4G & 5G LTE infrastructure expansion in Latin America.
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For further information, please contact:
Robert "Nick" Horsley, Director
nick@toweronewireless.com
(604) 559-8051
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti