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Miami, Florida, April 12, 2022 (GLOBE NEWSWIRE) — TOWER ONE WIRELESS CORP. (OTCQB: TOWTF) (CSE: TO) (Frankfurt: 1P3N) (“Tower One” or the “Firm”). Tower One, by means of its subsidiary in Ecuador is happy to announce a brand new contract with Telefonica (NYSE: TEF) – to construct Tower Websites and to finance gear. This transaction has a CAPEX requirement of $18M USD. Every tower web site is a construct to swimsuit (BTS) as requested by Telefonica.
Alejandro Ochoa, Tower One Wi-fi CEO, stated: “We’re very completely happy to safe this transaction giving Tower One Wi-fi its first level of help in Ecuador. As a part of this new venture, we have now employed a neighborhood staff of expertise that has constructed regionally beforehand. Along with this award, the corporate has additionally secured contracts with the opposite cell community operators within the nation. We count on this venture to be full by the tip of 2022.”
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Tower One at present has
231 towers in operation with a powerful portfolio in Colombia. This contract in Ecuador diversifies the forex publicity in Latin America and continues the corporate’s mission to attach extra areas of the world by means of its towers.
About Tower One
Tower One’s principal enterprise is to construct, personal and function multi-tenant wi-fi telecommunications infrastructure (“towers”) in Latin America. Tower One leases house on its towers to cell community operators. The Firm is concentrated on the construct to swimsuit tower trade whereby a long-term lease is secured with a tenant previous to constructing a tower. The Firm owns and operates 231 towers within the two largest Spanish-speaking international locations in Latin America (Colombia and Mexico) with a mixed inhabitants of roughly 180 million folks.
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Contact Info:
Company Communications
Tel: +1 917 546 3016
E-mail: data@toweronewireless.com
Web site: www.toweronewireless.com
The CSE has not reviewed and doesn’t settle for accountability for the adequacy or accuracy of the contents of this information launch.
FORWARD-LOOKING STATEMENTS
Sure statements on this launch are forward-looking statements, which embody regulatory approvals and different issues. Ahead-looking statements encompass statements that aren’t purely historic, together with any statements relating to beliefs, plans, expectations, or intentions relating to the longer term. Such info can typically be recognized by means of forwarding-looking wording equivalent to “might”, “count on”, “estimate”, “anticipate”, “intend”, “consider” and “proceed” or the adverse thereof or comparable variations. Ahead-looking statements on this information launch embody statements relating to the Firm’s expectation of acquiring the acceptance of recent towers by the Firm’s prospects. By their nature, forward-looking statements contain quite a few assumptions, identified and unknown dangers and uncertainties, each normal and particular that contribute to the likelihood that the predictions, estimates, forecasts, projections, and different forward-looking statements won’t happen. Ahead-looking statements are essentially primarily based upon a lot of elements that, if unfaithful, might trigger the precise outcomes, performances or achievements of the Firm to be materially completely different from future outcomes, performances or achievements specific or implied by such statements. These assumptions, dangers and uncertainties embody, amongst different issues, the state of the financial system typically and capital markets particularly, the affect of the continuing COVID-19 pandemic, current and future enterprise methods, the surroundings by which the Firm will function sooner or later, and different elements, a lot of that are past the management of the Firm. Whereas such estimates and assumptions are thought of affordable by the administration of the Firm, they’re inherently topic to important enterprise, financial, aggressive, and regulatory uncertainties and dangers. The Firm assumes no obligation to replace any forward-looking statements or forward-looking info referenced herein, whether or not because of new info occasions or in any other case, besides as required by relevant securities legal guidelines.
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