Tower One Stock Price, News & Analysis

Tower One Wireless Corp. (CSE: TO) (OTCQB: TOWTF) has reported progress in its construction efforts, completing nine new towers in July, raising its total to 166 operational towers as of August 31, 2021. Additionally, it has 59 towers under construction and plans to reach approximately 300 by year-end. The new towers will generate $620,000 in non-cancellable contracts. The company aims to enhance its revenue through these expansions, further supported by its existing agreements with mobile network operators in Argentina.

Tower One Wireless Corp. (CSE: TO) (OTCQB: TOWTF) announced significant growth in tower ownership, now totaling 202 towers compared to 90 at the year's start. In July 2021, the company completed 11 new towers, with 66 additional towers under construction in Colombia and Mexico. These developments include long-term lease agreements projected to generate approximately $690,000 in revenue over ten years. The company aims to operate around 300 towers by year-end, enhancing its position in the Latin American telecommunications sector.

Tower One Wireless Corp. (CSE: TO) (OTCQB: TOWTF) announced a construction update for June 2021, reporting the completion of ten new towers and currently having twenty-eight towers under construction in Colombia and Mexico. The company's focus is on building multi-tenant wireless telecommunications infrastructure that enhances mobile internet coverage across Latin America, driving economic development and digital inclusion. The report is available on their website for more details.

Tower One Wireless Corp. has successfully uplisted from the OTC Pink Sheets to the OTCQB Venture Market as of June 30, 2021, under the symbol TOWTF. This transition enhances its visibility and credibility in the market. The company reports a backlog of over 450 tower orders and strong funding from a recent agreement with Itaú Bank, positioning it for growth in the South American cellular market. CEO Alejandro Ochoa emphasized that the uplisting will highlight Tower One's success and plans.

Tower One Wireless Corp. (CSE: TO, OTCQB: TOWTF) has successfully closed a Definitive Agreement to acquire additional shares of its subsidiary, Evolution Technology SA (Evotech), from a minority shareholder. This agreement involved a cash payment of US$30,000 and the issuance of 6,300,000 common shares at a deemed price of C$0.07875, totaling proceeds of C$496,125. These shares are subject to a statutory hold period. Tower One focuses on building and operating wireless telecommunications infrastructure in Latin America, catering to mobile network operators.

Tower One Wireless Corp. (CSE: TO, OTCQB: TOWTF) has provided a construction update for May 2021, reporting the completion of 17 new towers and 30 towers currently under construction in Colombia and Mexico. The company aims to enhance telecommunications infrastructure, bridging the digital divide and fostering economic development in Latin America. Tower One focuses on the build-to-suit model, securing long-term leases with tenants before constructing towers, operating in two of the largest Spanish-speaking countries with a combined population of approximately 180 million.

Tower One Wireless Corp. (OTCQB: TOWTF) reported progress in its construction activities for April 2021, completing 26 new towers, with 42 additional towers under construction in Colombia and Mexico. The company focuses on establishing multi-tenant wireless telecommunications infrastructure to enhance mobile internet coverage and reduce the digital gap in Latin America. This infrastructure aims to promote economic development in the region.

Tower One Wireless Corp. (OTCQB: TOWTF) reported a significant revenue increase of CAD$9.13 million for 2020, up 486% from 2018 due to new towers, increased collocations, and the sale of 47 towers in Mexico and Argentina. The gross profit rose 64.8% to CAD$4.18 million. The company initiated construction on 21 new towers and signed new contracts in Colombia. They secured a 10-year credit facility to support construction and anticipate a record year in 2021 with 120-200 new towers planned. However, ongoing currency devaluation remains a risk.

Tower One Wireless Corp. reported significant financial growth for the year 2020, with revenue reaching CAD$9,126,082, a 68.6% increase from 2019. The growth is attributed to new tower operations, collocations, and tower sales. The company sold 47 towers, enabling debt repayment and funding for new constructions. In 2021, Tower One plans to construct 120-200 towers, supported by a 10-Year Credit Facility. Despite challenges posed by COVID-19, the company remains optimistic due to long-term contracts with investment-grade customers.