VANCOUVER, BC, CANADA, Aug. 10, 2022 (GLOBE NEWSWIRE) — TOWER ONE WIRELESS CORP. (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) (“Tower One” or the “Company”) is pleased to provide a construction update for the month of July 2022.
During the month of July, the Company completed fourteen (14) new towers: seven (7) towers in Colombia, and seven (7) towers in Ecuador with a total of fifty-five (55) towers under construction in these specific countries, as well. These towers are built to suit for specific clients and will provide a total, non-cancellable rent revenue for 10 years of approximately $2,300,000 (*This figure excludes colocation revenue upside and inflation escalator terms).
| Tower Porfolio | |
| Total Towers Built Month July | 14 |
| Total Towers Built YTD | 92 |
| Total Towers in Portfolio | 296 |
| Colocations (Total) | 49 |
| Total Tower Tenants | 345 |
Tower One continues to support the efforts to deploy efficient telecommunications networks which lead to more connected and serviced communities across Latin America. Deploying new infrastructure to provide mobile internet coverage has a direct effect in reducing the digital gap of users and…
