Akanda To Accelerate Recurring Revenue with Expansion Of Up To 20 New Cellular Towers
Akanda (NASDAQ: AKAN) and its subsidiary First Towers & Fiber Corp announced an expansion to construct and/or acquire up to 20 new cellular towers by the end of 2025 to expand coverage, increase network capacity, and grow recurring revenue.
The initiative builds on FTF's existing 30 operational revenue-generating towers and its 700-kilometer dark fiber network. Management says each additional tower should drive incremental cash flow, improve network utilization, and support partnerships with Altan and CFE.
The plan is positioned as a strategic investment to capture rising mobile data and enterprise connectivity demand across Mexico, with completion targeted by December 31, 2025.
Akanda (NASDAQ: AKAN) e sua controllata First Towers & Fiber Corp hanno annunciato un'espansione per costruire e/o acquisire fino a 20 nuove torri cellulari entro la fine del 2025 per espandere la copertura, aumentare la capacità della rete e far crescere i ricavi ricorrenti.
L'iniziativa si basa sulle 30 torri operative che generano entrate di FTF e sulla sua rete in fibra ottica spenta di 700 chilometri. Il management afferma che ogni torre aggiuntiva dovrebbe generare flussi di cassa incrementali, migliorare l'utilizzo della rete e supportare partnership con Altan e CFE.
Il piano è presentato come un investimento strategico per cogliere la crescente domanda di dati mobili e connettività aziendale in Messico, con completamento previsto entro il 31 dicembre 2025.
Akanda (NASDAQ: AKAN) y su subsidiaria First Towers & Fiber Corp anunciaron una expansión para construir y/o adquirir hasta 20 nuevas torres celulares para fines de 2025 con el fin de ampliar la cobertura, aumentar la capacidad de la red y hacer crecer los ingresos recurrentes.
La iniciativa se apoya en las 30 torres operativas que generan ingresos de FTF y en su red de fibra oscura de 700 kilómetros. La dirección afirma que cada torre adicional debería generar flujo de caja incremental, mejorar la utilización de la red y respaldar asociaciones con Altan y CFE.
La plan se presenta como una inversión estratégica para captar la creciente demanda de datos móviles y conectividad empresarial en México, con la finalización prevista para el 31 de diciembre de 2025.
Akanda(나스닥: AKAN)와 자회사 First Towers & Fiber Corp는 2025년 말까지 최대 20개의 새로운 이동통신 타워를 건설 및/또는 인수하는 확장을 발표하여 커버리지를 확장하고, 네트워크 용량을 증가시키고, 반복 수익을 성장시키려 합니다.
이 이니셔티브는 FTF의 기존 운영 중인 수익 창출 타워 30개와 700km의 다크 파이버 네트워크를 기반으로 합니다. 경영진은 각 추가 타워가 현금 흐름을 증대시키고, 네트워크 활용도를 개선하며 Altan과 CFE와의 파트너십을 지원할 것이라고 말합니다.
이 계획은 멕시코 전역의 모바일 데이터 및 기업 연결 수요 증가를 포착하기 위한 전략적 투자로 자리매김하며, 2025년 12월 31일까지 완료를 목표로 합니다.
Akanda (NASDAQ: AKAN) et sa filiale First Towers & Fiber Corp ont annoncé une extension visant à construire et/ou acquérir jusqu'à 20 nouvelles tours cellulaires d'ici la fin de 2025 afin d'élargir la couverture, d'augmenter la capacité du réseau et de développer les revenus récurrents.
L'initiative s'appuie sur les 30 tours opérationnelles générant des revenus de FTF et sur son réseau de fibre sombre de 700 kilomètres. La direction indique que chaque tour supplémentaire devrait générer des flux de trésorerie supplémentaires, améliorer l'utilisation du réseau et soutenir des partenariats avec Altan et CFE.
Le plan est présenté comme un investissement stratégique pour capter la demande croissante de données mobiles et de connectivité d'entreprise à travers le Mexique, avec un achèvement prévu pour le 31 décembre 2025.
Akanda (NASDAQ: AKAN) und ihre Tochtergesellschaft First Towers & Fiber Corp kündigten eine Erweiterung an, um bis zu 20 neue Mobilfunktürme bis Ende 2025 zu bauen und/oder zu erwerben, um die Abdeckung zu erweitern, die Netzkapazität zu erhöhen und wiederkehrende Umsätze zu steigern.
Die Initiative baut auf FTFs bestehenden 30 operativen, Einnahmen bringenden Türmen und ihrem 700-Kilometer-Dunkelfaser-Netz auf. Das Management sagt, jeder zusätzliche Turm solle zusätzlichen Cashflow generieren, die Netz-Auslastung verbessern und Partnerschaften mit Altan und CFE unterstützen.
Der Plan wird als strategische Investition positioniert, um die wachsende Nachfrage nach mobiler Datenverbindung und Unternehmensverbindung in ganz Mexiko zu erfassen, mit einem Abschlussziel zum 31. Dezember 2025.
أكاندا (بورصة ناسداك: AKAN) وشركتها الفرعية First Towers & Fiber Corp أعلنت عن توسع لبناء و/أو الاستحواذ على حتى 20 برجاً خلوياً جديداً بحلول نهاية 2025 لتوسيع التغطية، زيادة سعة الشبكة، وزيادة الإيرادات المتكررة.
المبادرة تعتمد على 30 برجاً تولّد الإيرادات عملياً من FTF وشبكتها شبكة ألياف داكنة بطول 700 كيلومتر. تقول الإدارة إن كل برج إضافي يجب أن يولد تدفقاً نقدياً إضافياً، يحسن استغلال الشبكة، ويدعم الشراكات مع Altan و CFE.
يتم وضع الخطة كاستثمار استراتيجي لالتقاط الطلب المتزايد على البيانات المتنقلة والاتصال المؤسسي في المكسيك، مع الانتهاء المستهدف في 31 ديسمبر 2025.
Akanda（纳斯达克股票代码：AKAN） 及其子公司 First Towers & Fiber Corp 宣布扩张，计划在2025年底前建设和/或收购多达20座新的蜂窝塔，以扩大覆盖范围、提升网络容量并增加经常性收入。
该计划基于 FTF 现有的30座运营中、带来收入的塔以及其700公里的深色光纤网络。管理层表示，每增加一座塔将带来额外的现金流、改善网络利用率，并支持与 Altan 和 CFE 的伙伴关系。
该计划被定位为一项战略性投资，旨在把握墨西哥移动数据和企业连接需求的增长，计划于2025年12月31日前完成。
- Plan to add up to 20 towers by end of 2025
- 30 existing revenue-generating towers in portfolio
- 700-kilometer dark fiber network already owned
- Aim to increase recurring cash flow and network utilization
- Expansion scope is “up to” 20 towers, creating execution uncertainty
- No capex, financing, or per-tower cost disclosed in the announcement
Toronto, Ontario--(Newsfile Corp. - October 16, 2025) - Akanda Corp. (NASDAQ: AKAN) ("Akanda") and its
This initiative builds on FTF's existing portfolio of 30 operational revenue generating towers and 700-kilometer dark fiber network, helping to solidify its position as an emerging player in Mexico's largest telecommunications projects. Each additional tower is expected to drive incremental cash flow, enhance network utilization, and provide scalable infrastructure for existing partnerships.
"Expanding our tower network is a clear step in executing our growth strategy," said Chris Cooper, President of the Company. "Each tower has the potential to not only strengthen connectivity across Mexico but also increase our recurring revenue and reinforce our role as a preferred partner for Altan and CFE."
The expansion positions FTF to capture increasing demand for mobile data and enterprise connectivity solutions, ensuring long-term value creation for shareholders. The Company believes that by investing in critical telecommunications infrastructure, it is strategically aligned with Mexico's digital growth trajectory and the nationwide push for enhanced connectivity.
About First Towers & Fiber Corp.
First Towers & Fiber Corp. is a emerging developer of telecommunications infrastructure in Mexico, specializing in cellular tower construction and dark fiber networks. FTF partners with national carriers and technology providers to deliver scalable, reliable, and future-ready connectivity solutions, driving both commercial growth and digital inclusion.
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 (collectively, "Akanda Group") to grow and manage growth effectively; (vi) the ability of Akanda Group to execute their business plans; (vii) estimates of the size of the markets for Akanda Group's products and services; (viii) the rate and degree of market acceptance of Akanda Group's products and services; (ix) Akanda Group's ability to identify and integrate acquisitions; (x) future investments in technology and operations; (xi) potential litigation involving Akanda Group; (xii) risks relating to the uncertainty of projected financial information; (xiii) the effects of competition on Akanda Group'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 Group'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; and (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/270734
FAQ
What did Akanda (AKAN) announce on October 16, 2025 about tower expansion?
How many operational towers and how much fiber does AKAN currently have?
What is the expected shareholder impact of AKAN's tower expansion?
By when does AKAN expect to complete the tower additions?
Does the AKAN release disclose financing or cost details for the new towers?
