Tower One announced the site acquisition of 80 new potential tower sites in Argentina. Each wireless tower site consists of leasing of the underlying real estate as well as the rights to build wireless cell towers. The company anticipates that construction on these sites will commence shortly and will significantly add to its current portfolio of over 40 wireless towers in Colombia and Argentina and backlog of over 300 search rings.
In addition to the 80 new tower sites, Tower One is currently under construction on 15 towers in Argentina. The company was also notified that eight towers have received co-location applications, hosting multiple carrier clients on a single wireless tower. Co-location on existing towers, will increase revenue to each tower with only a marginal investment.
March 21, 2018
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