Tower One Wireless Corp.

General Information
Business:

(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.)

The Company is a pure-play Build-to-Suit (“BTS”) tower owner, operator and developer of multitenant communications real estate. 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 an additional 1-3 tenants, or collocations. The Company does not build any towers without an anchor tenant in place. The Company 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. BTS is a process where a long-term lease is secured with a tenant prior to the construction of a tower. Terms are outlined in master lease agreements (“MLAs”) with tenants.

The Company’s revenue is primarily derived from tenant leases on the towers it owns and operates in Ecuador, Colombia and Mexico. The lease terms of each structure type are outlined in the MLAs, and these agreements include information about lease amounts by structure type, annual increases and adjustments for local inflation, collocation terms, and minimum infrastructure design requirements. The lease payment amount depends on a number of factors including tower location, height and amount of equipment on the tower. Expenses at the tower site include insurance and maintenance expenses, and in certain cases, property taxes. Ground rent and power and fuel costs are passed through to the Company’s tenants. In the tower industry, tower level cash flow (“TCF”) is defined as leasing revenue from the tenants less the expenses at the tower site. The Company also received revenue for the sale of certain towers. The Company’s operations have been concentrated in Colombia, Argentina, Mexico and the United States.

**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. 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 http://www.toweronewireless.com
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
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change