Tower One deploys new towers in Colombia, Ecuador, Mexico

Vancouver-based Tower One Wireless built 22 new towers in Colombia, Ecuador and Mexico in June, ending the first half of the year with a portfolio of 282 sites in operation.

Of the towers built in June, 11 were in Colombia, 10 in Ecuador and one in Mexico, according to the group's latest construction report.

All of the sites are developed for specific clients and have 10-year leasing contract terms. Overall, Tower One anticipates around US$2.6mn in revenues from these new towers during the period.

Tower One is focused on the build-to-suit tower industry, whereby a long-term lease is secured with a tenant prior to constructing a tower. 

Between January and June, Tower One deployed 78 wireless sites in its main Latin American markets and projects, and is expecting to complete the construction of another 168 towers in July-December of this year, ending 2022 with 450 in total.

The company said it now has 324 tower tenants (leasing users) for its 282 sites in operation. Around 88% of its tenants are in Colombia, which is home to 86% of its operating towers.

NEW SITES

The new towers in Colombia were deployed in the Cali neighborhoods of San Luisito, Comfenalco, Los Pinos, Clinica Farallones, Colpensiones and Multicentro; and in San Fernando, in Antioquia department.

Tower One also deployed rural towers in Alto Baudo (two), Litoral del San Juan and Playa Bonita in Chocó department.

In Ecuador, the new sites are in Pungay, Santa Elena province (rural) and Durán in Guayas province, with three rural sites. Tower One also deployed six urban towers in Guayaquil. 

Finally, a new rural tower in El Censo, in the southeastern Mexican state of Chiapas.

Tower One is focused on Spanish-speaking markets in Latin America, with subsidiaries operating in Argentina, Colombia, Mexico and Ecuador, in addition to the US and Canada.

Its mains clients in service are Telefónica, which is a tenant for 38% of its sites, WOM Colombia (31%), Millicom’s Tigo Colombia (24%), Mexico’s Altán Redes (4%), Claro Colombia (3%) and DirecTV Colombia (1%). Other clients include AT&T in Mexico and CNT in Ecuador.