Tower One Wireless is a company that builds, owns, and operates multi-tenant wireless telecommunications infrastructure (towers) in Latin America. Its business model involves leasing space on its towers to mobile network operators. As of October 2023, the company owned and operated 459 towers across Colombia, Ecuador, and Mexico, serving a combined population of approximately 190 million people.
Tower One Wireless focuses on the build-to-suit tower industry, securing long-term leases with tenants before constructing a tower. This approach minimizes competitive risk by targeting municipalities with limited or non-existent cellular coverage, increasing the likelihood of multiple operators sharing the tower. The company's towers generate non-cancelable rental income of at least USD 6.4 million on an annualized basis as of October 2023.
During September 2023, Tower One Wireless completed 18 new towers, 13 in Colombia, three in Ecuador, and two in Mexico, with an additional 92 towers under construction in these countries. These towers are projected to provide non-cancelable rent revenue of approximately USD 3,007,643 for 10 years. In February 2023, the company completed 13 new towers, one in Ecuador and 12 in Colombia, expected to generate non-cancelable rent revenue of approximately USD 2,700,000 for 10 years.
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