Akanda Among the Leaders of Deployment in Mexico's Largest Telecommunication Infrastructure Project
Akanda Corp. (NASDAQ: AKAN) through its subsidiary First Towers & Fiber Corp. (FTF) reported significant progress in Mexico's largest telecommunications infrastructure project. The company has successfully deployed 30 cellular towers that are currently generating revenue and operates a 700-kilometer dark fiber network connecting five cities in central Mexico.
FTF serves as a preferred contractor in the public-private project managed by Altan Redes and CFE Telecomunicaciones. The company has secured Telefonica as an anchor tenant, which leases dark fiber across FTF's entire network. The company plans to expand its telecommunications infrastructure in the coming weeks to meet growing client demands.
Akanda Corp. (NASDAQ: AKAN), attraverso la sua controllata First Towers & Fiber Corp. (FTF), ha riportato notevoli progressi nel più grande progetto di infrastrutture telecom in Messico. Sono state installate 30 torri cellulari che già generano reddito e opera una rete in fibra oscura lunga 700 chilometri che collega cinque città nel centro del Messico.
FTF è appaltatore preferenziale nel progetto pubblico-privato gestito da Altan Redes e CFE Telecomunicaciones. L’azienda ha assicurato Telefonica come inquilino di riferimento, che prende in affitto la fibra oscura sull’intera rete di FTF. Nei prossimi settimane l’azienda intende espandere la propria infrastruttura di telecomunicazioni per soddisfare la crescente domanda dei clienti.
Akanda Corp. (NASDAQ: AKAN), a través de su subsidiaria First Towers & Fiber Corp. (FTF), informó avances significativos en el mayor proyecto de infraestructura de telecomunicaciones de México. Se han desplegado 30 torres celulares que ya generan ingresos y opera una red de fibra oscura de 700 kilómetros que conecta cinco ciudades en el centro de México.
FTF actúa como contratista preferente en el proyecto público-privado gestionado por Altan Redes y CFE Telecomunicaciones. La compañía ha asegurado a Telefonica como inquilino ancla, quien alquila fibra oscura en toda la red de FTF. La empresa planea ampliar su infraestructura de telecomunicaciones en las próximas semanas para satisfacer la creciente demanda de los clientes.
Akanda Corp. (NASDAQ: AKAN)은 자회사 First Towers & Fiber Corp. (FTF)를 통해 멕시코 최대 규모의 통신 인프라 프로젝트에서 중요한 진전을 보고했습니다. 현재 수익을 창출하고 있는 30개 이동통신 기지를 성공적으로 배치했으며, 멕시코 중부의 다섯 도시를 연결하는 700km의 다크 파이버 네트워크를 운영하고 있습니다.
FTF는 Altan Redes와 CFE Telecomunicaciones가 관리하는 공공-민간 협력 프로젝트의 우선 도급업체로 활동합니다. Telefonica를 앵커 테넌트로 확보했으며, 이는 FTF 전체 네트워크의 다크 파이버를 임대합니다. 수요 증가에 대응하기 위해 향후 몇 주 내에 통신 인프라를 확장할 계획입니다.
Akanda Corp. (NASDAQ: AKAN), par l’intermédiaire de sa filiale First Towers & Fiber Corp. (FTF), a enregistré des progrès importants dans le plus grand projet d’infrastructures de télécommunications au Mexique. 30 tours de communication ont été déployées et génèrent déjà des revenus, et un réseau de fibre sombre sur 700 kilomètres relie cinq villes du centre du Mexique.
FTF agit en tant qu’entrepreneur privilégié dans le cadre du projet public-privé géré par Altan Redes et CFE Telecomunicaciones. La société a assuré Telefonica comme locataire anchor, qui loue la fibre sombre sur l’ensemble du réseau de FTF. Dans les semaines à venir, l’entreprise prévoit d’étendre son infrastructure de télécommunications pour répondre à la demande croissante des clients.
Akanda Corp. (NASDAQ: AKAN) meldete über seine Tochter First Towers & Fiber Corp. (FTF) bedeutende Fortschritte bei Mexikos größtem Infrastrukturprojekt im Telekommunikationsbereich. Es wurden 30 Mobilfunktürme erfolgreich installiert, die bereits Einnahmen generieren, und ein 700 Kilometer langes Dark-Fiber-Netz verbindet fünf Städte im Zentrum Mexikos.
FTF fungiert als bevorzugter Auftragnehmer im von Altan Redes und CFE Telecomunicaciones geführten Public-Private-Teilhaberprojekt. Das Unternehmen hat Telefonica als Anchor-Tenant gewonnen, der Dark Fiber über das gesamte Netz von FTF mietet. In den kommenden Wochen plant das Unternehmen eine Erweiterung der Telekommunikationsinfrastruktur, um die wachsende Nachfrage der Kunden zu bedienen.
Akanda Corp. (NASDAQ: AKAN)، من خلال تابعتها First Towers & Fiber Corp. (FTF)، أبلغت عن تقدم significant في أكبر مشروع بنية تحتية للاتصالات في المكسيك. تم نشر 30 برجًا للهواتف المحمولة تولّد حاليًا إيرادات، وتدير شبكة ألياف خام بمدى 700 كيلومتر تربط خمس مدن في وسط المكسيك.
تعمل FTF كمقاول مفضل في المشروع المشترك بين القطاعين العام والخاص المُدار من قبل Altan Redes وCFE Telecomunicaciones. وقد أمّنَت الشركة Telefonica كمستأجر رئيسي، يستأجر الألياف الخام عبر الشبكة كاملة لـFTF. تخطط الشركة لتوسيع بنيتها التحتية للاتصالات في الأسابيع القادمة لتلبية الطلب المتزايد من العملاء.
Akanda Corp. (NASDAQ: AKAN)通过其子公司First Towers & Fiber Corp. (FTF)在墨西哥最大的电信基础设施项目上取得显著进展。公司已部署30座蜂窝塔，现已产生收入，并运营一个长达700公里的暗光光纤网络，连接墨西哥中部的五个城市。
FTF在由Altan Redes和CFE Telecomunicaciones管理的公私合营项目中担任首选承包商。公司已锁定Telefonica作为锚定租户，后者在整条FTF网络上租用暗光光纤。公司计划在未来几周内扩展其电信基础设施，以满足日益增长的客户需求。
- Successfully deployed 30 revenue-generating cellular towers in Mexico
- Operates 700km dark fiber network connecting 5 cities
- Secured major telecom company Telefonica as anchor tenant
- Status as preferred contractor in Mexico's largest telecom infrastructure project
- None.
Insights
Akanda's subsidiary FTF strengthens position in Mexico's telecom infrastructure with 30 revenue-generating towers and expanding fiber network.
The announcement positions Akanda's wholly-owned subsidiary First Towers & Fiber Corp (FTF) as a significant player in Mexico's telecommunications infrastructure landscape. With 30 cellular towers already deployed and generating revenue throughout Mexico, FTF has established an operational foundation in this public-private infrastructure initiative managed by Altan Redes and CFE Telecomunicaciones.
More impressive is FTF's 700-kilometer dark fiber network connecting five cities in central Mexico. This fiber backbone is already commercially viable with Spanish telecommunications giant Telefonica secured as an anchor tenant across the entire network. The strategic positioning of this infrastructure in central Mexico aligns with regional economic growth driven by industrial investment.
The press release indicates near-term expansion plans "in the coming weeks" to meet client demands, suggesting immediate growth opportunities beyond the current infrastructure footprint. This positions FTF as more than just a tower company but as an integrated telecommunications infrastructure provider with multiple revenue streams.
While the announcement lacks specific financial metrics about revenue contribution or growth targets, the established infrastructure assets (towers and fiber) represent tangible, revenue-generating assets in a growing Mexican telecommunications market. The involvement in what's described as "Mexico's largest telecommunications infrastructure project" provides a substantial growth runway as Mexico continues digital infrastructure development. The combination of tower assets, extensive fiber network, and key partnerships demonstrates a multi-faceted approach to capitalizing on Mexico's telecommunications expansion.
Toronto, Ontario--(Newsfile Corp. - September 30, 2025) - Akanda Corp. (NASDAQ: AKAN) ("Akanda") is pleased to report on the progress of its
Complementing the Company's network of cellular towers is its over 700 kms dark fiber network connecting five cities in central Mexico, playing a part in propelling the area as one of the top state economies, growing in 2025 as a result of industrial investment and infrastructure modernization. The Company is operating its growing dark fiber network, with Spanish multinational telecommunications giant Telefonica as the Company's anchor tenant, leasing dark fiber over the Company's entire network.
"Being part of the largest telecommunications infrastructure project in Mexico is both a responsibility and an honor," said Chris Cooper, President of FTF. "Our growing tower network and expansive dark fiber network, coupled with our infrastructure expertise, position us to contribute meaningfully to Mexico's digital future."
FTF is expanding its telecommunications infrastructure network in the coming weeks to meet the growing needs of its clients and partners. With 30 cellular towers already deployed across Mexico and a 700-kilometer dark fiber network, the Company is strengthening its role as a key player in the largest telecommunications infrastructure project in Mexico's history.
About Akanda Corp.
Akanda Corp. is an international cannabis company with operations in Europe and North America. The company is dedicated to cultivating and distributing high-quality medical cannabis and wellness products that improve lives. Akanda's mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.
About First Towers & Fiber Corp.
First Towers is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries. It is a wholly-owned subsidiary of Akanda Corp. (NASDAQ: AKAN).
For further information, contact:
AKANDA CORP. GENERAL ENQUIRIES
E: ir@akandacorp.com
Forward-Looking Statements
This press release contains " forward-looking statements." Such statements which are not purely historical (including, but not limited to statements that contain words such as "will," "believes," "plans," "anticipates," "expects," "intends," "would," "could" and "estimates") are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Important factors, among others, that may affect actual results or outcomes include: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) risks that could adversely affect Akanda or the expected benefits of its recent acquisition of FTF (the "Transaction") or that the approval of the stockholders of Akanda to authorize and issue its Class B Special Shares, or to approve the Transaction, is not obtained; (iii) failure to realize the anticipated benefits of the Transaction; (iv) the limited operating history of each of Akanda and FTF; (v) the ability of Akanda and its subsidiaries to grow and manage growth effectively; (vi) the ability of Akanda and its subsidiaries to execute their business plans; (vii) estimates of the size of the markets for Akanda's and its subsidiaries' products and services; (viii) the rate and degree of market acceptance of Akanda's products and services; (ix) Akanda's ability to identify and integrate acquisitions; (x) future investments in technology and operations; (xi) potential litigation involving Akanda; (xii) risks relating to the uncertainty of projected financial information; (xiii) the effects of competition on Akanda's businesses; (xiv) developments and changes in laws and regulations; (xv) the impact of significant investigative, regulatory or legal proceedings; (xvi) general economic and market conditions impacting demand for Akanda's products and services; (xvii) the ability to meet Nasdaq's listing standards; (xviii) the ability of Akanda to raise capital, and to issue equity or equity-linked securities in connection with the Transaction or in the future; (xix) the ability of Akanda to manage its significant debt load and liabilities; (xx) such other risks and uncertainties as are discussed in Akanda's Annual Report on Form 20-F filed with the SEC or in other documents Akanda files from time to time with the SEC. Akanda expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Akanda's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this press release, and Akanda assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Although Akanda believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Akanda's reports and statements filed from time-to-time with the Securities and Exchange Commission.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268574
FAQ
What is Akanda's (NASDAQ: AKAN) role in Mexico's telecommunications infrastructure project?
How many cellular towers has Akanda (AKAN) deployed in Mexico?
What is the extent of Akanda's (AKAN) fiber network in Mexico?
Who is the main tenant for Akanda's (AKAN) fiber network in Mexico?
What are Akanda's (AKAN) expansion plans in Mexico?
