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Another penny stock to put in your watchlist is otcmkts:towtf, Tower One Wireless Corp. A company that develops, owns and operates communications structures throughout Canada, The U.S, Columbia, Argentina, and Mexico through its subsidiaries. The company engages in leasing space and communications to mobile network operators. It also provides tower services, site acquisition, permitting, and zoning. The company was formed in 2015 and is based in Vancouver, Canada.
Tower One primarily builds, owns, and operates multi-tenant wireless communication infrastructures Throughout Latin America. The company leases tower space to mobile network operators. Tower One is mainly focused on long-term contracts secured by the tenant before building the tower. The company currently serves over 220 million people throughout Latin America.
Tower One is a publicly-traded company ticker symbol (OTCQB: TOWTF)
The company’s primary mission is to own and operate cellular network infrastructure sites throughout North American markets, experiencing significant growth usage. otcmkts:towtf focuses on building towers in areas with limited cellular coverage. This strategy enhances the probability of numerous carriers sharing the tower and minimizes any competitive risk. The management team is highly experienced in top-tier cellular development. The company is focused on 4G LTE infrastructure expansion currently.
One of the strategies Tower One operates is a build to suit mobile network operators throughout its regions. The company achieves long-term leases before the construction of the tower, also providing contractual returns. The company is managed by tower industry experts who have a track record for building over 2,000 towers throughout Latin America.
INFRASTRUCTURE & CONSTRUCTION
The company will install and develop telecommunications infrastructure at request to the customer’s specific needs.
The company also delivers turn-key management services, which will ultimately reduce handoffs and automated system integrations.
Tower One already has a presence in every major Latin American market. The company can support multiple customers at once with its shared economic model and infrastructure. The company actively partners with wireless carriers, broadband providers, technology companies to design and deliver solutions, bringing innovations and opportunities to people throughout Latin America.
Tower One is a full-service construction and engineering company operating for new and existing customers. The company will deliver the initial site design right through to the final inspection.
The company’s bespoke engineering department has strict quality standards and is attentive to the customer’s needs. Tower One offers a DAS engineering area with level 3 certified engineers to meet the customer’s demands.
otcmkts:towtf can help your organization navigate through strict zoning jurisdictions or negotiation with a landlord. The company understands that excellent site acquisition can be the difference between failure or success. The company is an expert in the acquisitions of sites for telecommunications networks.
Their experts will optimize to suit the client’s need, with added value in height or position. This will ultimately serve the client to increase their option in restricted areas. The company’s turn-key site acquisition will help the end-user avoid problems and create value for their asset.
Tower One carries out all of the maintenance and operations for their assets, including third-party networks. The company’s primary aim is to preserve value and minimize downtime. The company has the resources to organize and execute a project within a short period.
Tower One will make an agreement based on the framework of the location and needs. They can also develop new channels by request and find taller towers to extend networks for federal law programs. Tower One works closely with its customers to provide the right combination and location, ultimately solving challenges in the process.
Tower One Wireless Stock
Tower One is currently trading at 0.1159 and has decreased by 2.25% at the time of this article. The 52-week range is between 0.0242 – 0.1440, and it has a volume of 35,829.
There is no earning date for the company at this time, and no PE Ratio is available. The company’s market capitalization is 10,997 million.
Tower One Wireless News
otcmkts:towtf Third Quarter 2020 Results And Update On Progress
Tower One has filed its third-quarter results for 2020.
2020 marks a record year for Tower One. Boasting Revenues of $542,323 and $7,327,250 for the three months and nine months of 2020. The company’s gross margin was $458,443, which increased by 4%. For the months ending September 30, 2020, the gross margin was $3,363,754, an increase of 28%. On September 30, 2020, there were 22 sites under construction throughout Latin America.
The company sold a few of its towers in Argentina and Mexico. The company now has 92 completed wireless towers.
2020 was a record year for tower One for the period ended September 30, 2020. Revenue increased to $1,728,050, which increased by 31% compared to the last year. This was mainly due to the selected portfolio of towers and the increase of their monthly tower rental project.
Alejandro Ochoa, President, and CEO commented. Over the last few quarters, our company has shown strength and resilience in Latin America. Even during the pandemic, with construction being severely impacted, the team continued delivering value to customers. The recurring tower lease operation did not suffer any impact. We experienced increased demands for sites from Columbia and Mexico.
Currently, the company has 28 new towers being constructed, and they will come into service during the fourth quarter of the year. otcmkts:towtf has been awarded new sites and construction projects that are about to break ground. The company is proud of our achievements this year and the team’s performance during tough times. 2020 has brought many challenges, but our team has performed well in all areas of the business. Tower One is expecting a record year in 2021.
Santiago F. Rossi, CFO, commented as the company’s construction business continues to increase throughout Columbia and Mexico, with new orders regularly being received. The company will continue to focus on a lean and efficient operation, with a critical emphasis on financial reporting. Tower One expects the final company accounting to be completed by December 2020. We will strive to be on time and provide relevant information essential in delivering new sites to customers within their time and budget. We will continue to operate an efficient company by implementing new procedures and improved financial control.
During the pandemic, this challenged the company to find creative ways of producing results even more efficiently. In the company’s pursuit of efficiency, we found areas of improvement to implement the way we operate. This will ultimately provide long-term savings. We will continue to maintain this approach to monitor our operating expenses.
Currently, the company has received numerous proposals. It is working with potential lenders to provide the necessary capital to construct over 200 towers.
otcmkts:towtf Construction and Business Update
Luis Parra, Tower COO, commented. The company is excited to announce our two new towers. Thirteen new antennas were accepted by our customers last month. Currently, fifty-five towers are being constructed throughout Columbia, Argentina, and Mexico. By the end of January 2021, we expect the towers to be ready for acceptance by our customers.
The construction team, contractors, and suppliers are doing a great job and planning to deliver on target. Even during the pandemic, the professionalism of the team and contractors is motivating.
otcmkts:towtf Construction and Business Update for December 2020
Mr. Alex Ochoa, CEO. Commented. The company is glad of the performance during the last quarter of December. Tower One has completed six new towers and now has a total of 75 towers under construction throughout Latin America.
During the past challenging year, the company focused our attention on our core markets, leveraging our established platform for operating efficiency. We have started to progress in that direction thanks to our team responding to unique market situations throughout their regions to address the customer’s needs. The company thanked the team for their dedication and support, working tirelessly in unison with the company vision.
otcmkts:towtf Secures MLA With “WOM” (Novator Partners LLP)
Alejandro Ochoa, the CEO, commented. Tower One is pleased to announce that they are now part of a few selected companies by WOM, a new carrier in Columbia. WOM has excellent ambitions for the Columbian market and estimates over 8,000 sites are required in short order. We are finalizing the relationship allowing access to our tower base and increasing tenant ratios. During the second stage, we will assist in the build of additional sites throughout Columbia.
More About WOM (Novator Partners LLP)
The owner of the Chilean operator WOM is UK based Novator and investment fund. WOM announced the acquisition of a controlling stake in Avantel, a mobile operator. Novator acquired Nextel Chile in 2015 when it had 200k subscribers, which rebranded into WOM. WOM is building a dynamic organization and has grown to 6 million subscribers, having a 20% market share in Chile.
Tower One primarily builds, owns, and operates multi-tenant wireless communication infrastructures Throughout Latin America. The company currently serves over 220 million people.
The company’s primary mission is to own and operate cellular network infrastructure sites throughout North American markets, experiencing significant growth usage. otcmkts:towtf focuses on building towers in areas with limited cellular coverage. This strategy enhances the probability of numerous carriers sharing the tower and minimizes any competitive risk.
One of the strategies Tower One operates is a building to suit mobile network operators throughout its regions. The company achieves long-term leases before the construction of the tower, also providing contractual returns. Currently, they are focused on 4G LTE infrastructure expansion.
Through their press releases, we discovered 2020 was a record year for Tower One for the period ended September 30, 2020. Revenue increased to $1,728,050, which increased by 31% compared to the previous year. This was mainly due to the selected portfolio of towers and the increase of their monthly tower rental project.
Even though 2020 was a tough year, the team performed well in all areas of the business. Tower One is expecting a record year in 2021.
With the company’s focus on financial stability, expansion, and growth for investors and partners. It will enable the organization to expand its operation to reach a broader market.
The company’s construction business continues to increase throughout Columbia and Mexico, with new orders regularly being received. Currently, the company has received numerous proposals. It is working with potential lenders to provide the necessary capital to construct over 200 towers.
The new towers will ultimately achieve the company’s revenue generation throughout the coming months. During the past challenging year, the company focused its attention on core markets, leveraging its established platform for operating efficiency.
otcmkts:towtf partnerships with WOM could bring new expansion possibilities. WOM has excellent ambitions for the Columbian market and estimates over 8,000 sites required in short order. During the second stage, we will assist in the build of additional sites throughout Columbia.
The company has been performing well during the pandemic, with increased revenue and new business partnerships, improving the bottom line and market demand for connectivity. Capturing its share of the market will attract more investors and will ultimately grow into a dynamic and powerful company.
otcmkts:towtf is a stock to watch in the coming months showing potential for growth and expansion in a competitive and demanding market.
If you enjoyed reading otcmkts:towtf. You might be interested in reading otcmkts:rgrx, RegeneRx Biopharmaceuticals, Inc. is primarily focused on developing innovative therapeutic peptides. Discover the company’s outlook for 2021 and beyond. Another penny stock to add to your watchlist showing great potential.