Akanda's First Towers and Fiber Taps Into Mexico's $7 Billion Telecom Buildout

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Akanda Corp. (NASDAQ:AKAN) has announced significant progress in Mexico's telecom infrastructure market through its subsidiary First Towers & Fiber (FTF). The company has been named a preferred contractor in the $7 billion Altán Redes/Red Compartida initiative, a national program aimed at delivering wholesale LTE and 4G services to over 92% of Mexico's population.

FTF currently controls 700 kilometers of fiber across five cities and operates approximately 30 revenue-generating towers. The company has secured $12 million in convertible funding to support its expansion. With only 728,000 shares outstanding after a reverse split, Akanda maintains one of the lowest float structures on Nasdaq.

Positive

• None.

Negative

• High capital intensity required for infrastructure development
• Additional funding needed for planned expansion
• Complex regulatory and permitting requirements for infrastructure deployment

Insights

Telecom Infrastructure Specialist

Akanda's subsidiary named preferred contractor in Mexico's $7B telecom program, potentially transforming its scale and revenue trajectory.

This announcement marks a significant inflection point for Akanda Corp, whose subsidiary First Towers & Fiber (FTF) has secured preferred contractor status in Mexico's $7 billion Altán Redes/Red Compartida initiative. This national telecom infrastructure program aims to connect 92% of Mexico's population with LTE/4G services, with 5G expansion planned.

The designation elevates FTF from a company with isolated assets (30 towers and 700km of fiber across five cities) to a participant in a nationwide infrastructure buildout that already includes 11,000+ towers connecting 80,000 localities. The program's established track record is crucial—this isn't speculative planning but an active, funded implementation currently serving 24 million people.

What makes this particularly notable is Akanda's unusually low float of just 728,000 shares post-reverse split. This capital structure means each revenue-generating asset potentially carries outsized impact on share performance.

FTF's business model centers on long-term lease agreements for both tower space and dark fiber, creating recurring revenue streams once assets are deployed. The $12 million convertible funding already secured provides initial capital for expansion, though significant additional funding will likely be required to capitalize on the full opportunity.

The key metrics to track will be deployment velocity—how quickly FTF can scale from dozens to hundreds of towers—and their ability to manage the capital intensity required for accelerated infrastructure buildout while maintaining financial stability. The transformation from localized player to national infrastructure provider represents a fundamental change in Akanda's growth trajectory and long-term value proposition.

TORONTO, ON / ACCESS Newswire / October 1, 2025 / Scarcity is usually a problem in business. For Akanda Corp. (NASDAQ:AKAN), it's an advantage. The company sits on one of the leanest floats on the Nasdaq, barely 728,000 shares after its reverse split. That scarcity means every contract, every tower, and every stretch of fiber deployed carries more weight than it would anywhere else. First Towers & Fiber (FTF), now fully under the Akanda umbrella, is the engine turning that scarcity into torque.

FTF isn't chasing buzzwords. It's laying down hard infrastructure-telecom towers and dark fiber-across Mexico, where reliable connectivity is still patchy and underserved. The company already controls 700 kilometers of fiber running through five cities and has roughly thirty towers ready to generate revenue. Each one is backed by long-term lease agreements designed to feed Mexico's digital expansion. Scarcity here doesn't signal weakness. It signals pressure building behind an asset base that is only starting to stretch.

That pressure just got a bigger release valve with Akanda confirming that FTF has been named a preferred contractor in the Altán Redes/Red Compartida initiative, a national program with more than $7 billion committed to telecom infrastructure. What once looked like isolated deployments now feels like the opening movement of something much larger.

Project That's Happening, Not Planning

Altán Redes' Red Compartida project is not theory. It is one of the most ambitious digital undertakings in Latin America, already years into execution. The goal is ambitious: to deliver wholesale LTE and 4G services to more than 92% of Mexico's population, with 5G on the horizon. The numbers tell the story.

More than eleven thousand towers already standing. Eighty thousand localities connected. Twenty-four million people are receiving coverage today. This is not a blueprint pinned to a wall. It is a live network growing month by month. For FTF to be placed inside that current as a preferred contractor is a shift in trajectory. Every tower built extends coverage, every kilometer of fiber strengthens a backbone designed to be open, resilient, and lasting.

That shift matters because it changes the frame around FTF. Building towers for one-off contracts is good business. Building towers inside a national program with a decades-long concession is a different scale entirely. Red Compartida's shared structure spreads the benefits and avoids placing all the weight on any single operator, thereby creating durability. For FTF, that alignment means the growth of its own network is no longer confined to scattered deals. It is tied to a project that has already proven to deliver, is already funded, and is already changing the digital map of Mexico.

Building An Asset-Enhanced Future

Of course, infrastructure never comes easy. Towers require land, permits, and steel. Fiber requires trenches, rights-of-way, and coordination across jurisdictions. Financing has to keep pace with the work. Akanda has already raised twelve million dollars in convertible funding to keep FTF's build on track, and more will follow if the company scales into Altán as expected. Capital intensity is the cost of operating in this field, but it is also what converts concrete and fiber into long-term, recurring revenue once assets are operational. FTF's initial footprint-thirty towers and 700 kilometers of dark fiber-is proof of concept. Linked now to Altán, that foundation expands from a handful of cities to the outline of a national grid.

This is where proof stops being a slogan and becomes visible in steel and cable. Each tower that rises, each strand of fiber lit, is evidence that can't be walked back. Proof is currency, and in FTF's case, the story of that currency is unfolding one build at a time. The opportunity is no longer abstract. It is measurable, tangible, and locked into programs already funded at scale.

The next phase will be about pace. How quickly FTF can transition from dozens of towers to hundreds, from five cities to a footprint that spans the national concession, will define how this story unfolds in the quarters ahead. What's certain is that Akanda's pivot has pulled it into the slipstream of one of Mexico's biggest infrastructure undertakings. The work is underway, the contracts are real, and the proof is starting to stack.

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).

Forward-Looking Statements
This article was prepared by Hawk Point Media Group, LLC, and may contain information, views, or opinions regarding the future expectations, plans, and prospects of Akanda Corp. that constitute or may constitute forward-looking statements. These statements are not historical facts and are based on assumptions, beliefs, and expectations regarding future economic and operating performance. Although Hawk Point Media Group, LLC believes such statements are made in good faith and based on information available at the time of writing, there can be no assurance that the expectations expressed will prove accurate. Akanda Corp and Hawk Point Media Group, LLC undertake no obligation to update or revise any forward-looking statements, except as required by applicable law.

Forward-looking statements are inherently subject to risks, uncertainties, and factors that could cause actual results to differ materially from those projected. Such factors include, but are not limited to, industry conditions, regulatory developments, economic trends, and risks identified in Akanda Corp's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of publication.

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SOURCE: Akanda Corp

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FAQ

What is Akanda's (NASDAQ:AKAN) role in Mexico's telecom infrastructure project?

Akanda's subsidiary First Towers & Fiber has been named a preferred contractor in the $7 billion Altán Redes/Red Compartida initiative, contributing to Mexico's national telecom infrastructure development.

How many towers and fiber networks does Akanda currently operate in Mexico?

Akanda operates approximately 30 revenue-generating towers and controls 700 kilometers of fiber running through five cities in Mexico.

What is the current float structure of Akanda (NASDAQ:AKAN)?

Following a reverse split, Akanda maintains one of the lowest float structures on Nasdaq with only 728,000 shares outstanding.

How much funding has Akanda secured for its Mexican telecom expansion?

Akanda has raised $12 million in convertible funding to support First Towers & Fiber's infrastructure buildout in Mexico.

What is the scope of the Altán Redes project in Mexico?

The Altán Redes project aims to deliver wholesale LTE and 4G services to over 92% of Mexico's population, with more than 11,000 towers already deployed and 80,000 localities connected.