Tower One Wireless Corp (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) announces the site acquisition of 80 new wireless tower sites in Argentina. Each wireless tower site consists of leasing of the underlying realestate as well as the rights to build wireless cell towers. The Company anticipates that construction on these sites will commence shortly and will significantly add to its current portfolio of over 40 wireless towers in Colombia and Argentina and backlog of over 300 search rings.
In addition to the 80 new tower sites, Tower One is currently under construction on 15 towers in Argentina. The company was also notified that eight towers have received co-location applications, hosting multiple carrier clients on a single wireless tower. Co-location on existing towers, will increase revenue to each tower with only a marginal investment.
About Tower One Wireless Corp.
Tower One builds, owns, and leases a portfolio of wireless infrastructure assets to wireless carriers on long term contracts. Tower One is one of a few publicly traded companies in the tower and wireless infrastructure industry. Tower One is operated by a team of telecom and finance professionals with a long history in the telecom and wireless infrastructure business. At Management’s election 30 million shares issued to Tower One Management cannot be sold for three years. Tower One Wireless is currently focused on 4G & 5G LTE infrastructure expansion in Latin America.
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