Tower One Wireless Corp.

General Information

(Note: This is NOT an IPO. This is a NASDAQ uplisting from the OTCQB Market, where the common stock trades under the symbol “TOWTF”. The company’s common stock also trades on the Canadian Securities Exchange (“CSE”) under the symbol “TO”, and the Frankfurt Stock Exchange (the “FRA”) under the symbol “1P3N”. A reverse share split will occur immediately following the effective date of the uplisting/public offering but before the closing of the offering.)

Tower One Wireless is a public company founded in 2015 with the mission to own and operate high-quality cellular network infrastructure sites in South American markets that are experiencing strong usage growth.

Tower One Wireless focuses primarily on the construction of towers in municipalities where cellular coverage is limited or non-existent. This increases the likelihood of multiple operators sharing the tower and minimizes competitive risk. Tower One Wireless has assembled a team with world-class cellular development expertise with the largest tower developers in the United States. Tower One Wireless is currently focused on expanding 4G LTE/5G infrastructure in Canada, Colombia, Mexico, Ecuador and the U.S.  It will seek to open other territories.

The company focuses solely on a Build- to-Suit (“BTS”) strategy for Mobile Network Operators (“MNOs”) in the regions it serves. BTS means a long-term site lease is in hand before construction begins, generating attractive contractual returns.

Tower One Wireless is managed by seasoned tower industry experts who have a collective proven track record of building over 2,000 towers in its focus markets.

The company’s primary business is the leasing of space on communications sites to mobile network operators in countries it services with non-cancellable lease terms of over 10 years, which include inflation escalators. Each tower is built with an initial anchor tenant commitment and space for another 1 to 3 tenants, or collocations. The Company does not build any towers without an anchor tenant in place.

Tower One Wireless, based in Bogota, Colombia, offers tower-related services in the largest Spanish-speaking countries in Latin America: Ecuador, Argentina, Colombia and Mexico. These tower-related services include site acquisition, zoning and permitting, structural analysis, and construction which primarily supports the company’s site leasing business, including the addition of new tenants and equipment on its sites.

The company’s revenue is primarily derived from tenant leases on the towers it owns and operates in Ecuador, Colombia and Mexico.

**Note: Revenue and net income are in U.S. dollars (converted from Canadian dollars in the prospectus) for the fiscal year 2021.

(Note: Tower One Wireless Corp. updated its NASDAQ uplisting/public offering prospectus in an F-1/A filing dated Oct. 27, 2022, but no terms were disclosed. Tower One Wireless Corp. filed its F-1 on Aug. 8, 2022.)


Industry: Telephone Communication
Employees: 68
Founded: 2005
Contact Information
Address Calle 84 A No.12 - 18 Oficina 302, Bogotá DC, Colombia
Phone Number +57 1382 7957
Web Address
View Prospectus: Tower One Wireless Corp.
Financial Information
Market Cap
Revenues $8.23 mil (last 12 months)
Net Income $-3.54 mil (last 12 months)
IPO Profile
Symbol TO
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $14.0 mil
Manager / Joint Managers Maxim Group
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change