Tower One Wireless (OTCQB: TOWTF), based in Vancouver, British Columbia, recently augmented its tower portfolio with new construction in Latin America, bringing the total to 515 towers. The company is operating primarily in Colombia, Ecuador, and Mexico, that have a combined population of approximately 190 million people. Its mobile network operator anchor tenants in these countries include América Móvil’s Claro and Telcel brands, Telefónica’s Movistar, Millicom’s Tigo and WOM.
During the month of January, the company completed construction of seven new towers, including five towers in Colombia, and one each in Ecuador and Mexico. Tower One says these towers are built-to-suit for specific MNOs and will yield a total, non-cancellable rent revenue for 10 years of approximately $1.5 million, excluding incremental colocation revenue and inflation-indexed escalators. It adds that it has a total of 57 towers under construction in these three countries.
The company indicates its portfolio, as of the end of January, supports 515 anchor tenants and 44 colocations that generate an aggregate non-cancellable rental income of $8.43 million on an annualized basis.
Tower One says it continues to support efforts to deploy efficient telecommunications networks across Latin America to create more connected communities and help reduce the digital divide.