Tower One Wireless Corp (TOWTF)

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Tower One Annual Update

VANCOUVER, British Columbia, Jan. 11, 2018 (GLOBE NEWSWIRE) -- Tower One Wireless Corp. (CSE:TO) (TOWTF) (1P3N.F) (“Tower One” or the “Company”) announces achievements from its first year operating as a public company. They include:

Towers Constructed: 25
Master Lease Agreements/ Collocation Agreements: 2
Cellular Search Rings Provided by Mobile Network Operators: 200
Collocations: 3
Alex Ochoa, CEO of Tower One, stated: “The Company’s strategy to focus on two high growth opportunity countries in Latin America was astute. While delays in Colombia’s spectrum auction in the first half of the year meant that there were no requests for towers by Mobile Network Operators, our Argentine subsidiary was able to secure two Master Lease Agreements. The Company’s growth capacity is now only limited by capital available for deployment. In that regard, we are highly optimistic we can obtain non-dilutive funding. The financial climate for this strategy is excellent given the strong interest in South American telecommunications growth opportunities.”

Further, Mr. Ochoa stated: “We would like to thank our shareholders and warrant holders for their support and patience in 2017, and believe 2018 will be rewarding for all of our stakeholders.”