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Tower One Receives Master Lease Agreement from Telefonica Colombia

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VANCOUVER, British Columbia, Aug. 15, 2018 (GLOBE NEWSWIRE) -- TOWER ONE WIRELESS CORP. (CSE:TO) (OTCQB:TOWTF) (Frankfurt:1P3N) ("Tower One" or the "Company") announces it has signed a Master Lease Agreement (the "MLA") with Telefonica (www.telefonica.com) a Mobile Network Operator in Colombia and Latin America.  Under the terms of the MLA, Tower One will provide Telefonica with the use of its Colombian wireless tower infrastructure over a 10 year fixed term contract.

Alejandro Ochoa, CEO of Tower One, states: "This agreement with Telefonica continues to display Tower One's commitment and capability in building our portfolio of Master Lease Agreements throughout South America. We are now working with some of the largest cellular carriers in the region that include: AT&T, Avantel, Claro, Telecom and now Telefonica. Our long-term focus is on diversification throughout multiple countries in the region."

The Company now has a total of forty-two (42) completed towers throughout Argentina and Colombia with over twelve (12) co-locations. A backlog of +400 towers and over 30 in construction.

About Tower One Wireless Corp.

Tower One builds, owns, and leases its portfolio of wireless infrastructure assets to wireless carriers on long term contracts. Tower One is operated by a team of telecom and finance professionals with a long history in the telecom and wireless infrastructure business and is one of a few publicly traded small cap companies in the wireless infrastructure space. Tower One Wireless is currently focused on 4G & 5G LTE infrastructure expansion in Latin America.

Contact Information

Investor Relations
Tel. (917) 546-3016
E-mail: info@toweronewireless.com
Website: www.toweronewireless.com

The CSE has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

FORWARD LOOKING STATEMENTS
Certain statements in this release are forward-looking statements, which include regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contributes to the possibility that the predictions, estimates, forecasts, projections and other forward looking statements will not occur. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, present and future business strategies, the environment in which the Company will operate in the future, and other factors, many of which are beyond the control of the Company. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. There can be no assurance that the proposed Transaction will be completed or, if completed, will be successful.

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