NEW YORK, March 27, 2018 /PRNewswire/ --
According to data compiled by Radiant Insights, the Global Wireless Telecommunications market is expected to grow at a CAGR of 4.1 per
cent by 2020. The primary driver for the market is the increasing number of devices requiring 3G, 4G or LTE connectivity. The race for 5G technology also contributes to the growth. As the number of mobile devices increase, it leads to a higher demand for Wireless Telecommunication Towers. Mordor Intelligence forecasts the global telecom towers market to grow by a CAGR of 17.63 percent by 2023. Other drivers include the increasing amount of mobile internet connections and the growing number of online services. Tower One Wireless Corp. (OTC: TOWTF), Verizon Communications Inc. (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US, Inc. (NASDAQ: TMUS), Sprint Corporation (NYSE: S).
ATKearney, a global management consulting firm explained, "the economic reasons for mobile operators to spin off their tower operations will be difficult to ignore, with operational improvements dictating partner choices and construct, whether captive spinoff, management contract, or sale to a tower specialist or financial investors. As the nature of the tower business shifts from growth to operational excellence, the opportunities to improve shareholder value will flourish. And with data traffic accelerating, the tower growth story is certainly not over."
Tower One Wireless Corp. (OTCQB: TOWTF) also listed on the Canadian Securities Exchange under the Ticker (CSE: TO). Yesterday the company announced breaking news that, "it has entered into an agreement to acquire a 100% interest in Process Cellular Inc. ("ProCell") as a wholly owned subsidiary. ProCell has been operating out of Southern California for over 20 years as a turnkey general contractor that specializes in the telecommunications industry & structural engineering/design. ProCell has the knowledge, equipment, and resources to tackle every aspect of tower construction. ProCell is committed to implementing, developing, improving strategies, management systems and processes to ensure that all construction activities uphold the highest level of safety performance.
This strategic acquisition gives Tower One subsidiary Tower Construction and Technical Services Inc. ("TCTS") significant exposure to the California and Arizona markets with current clients such as: Verizon, AT&T, Sprint and T-Mobile as well as 2017 revenues of over $17 million USD. ProCell is also an approved contractor for American Tower and Crown Castle that operate internationally and throughout South America.
Alejandro Ochoa, CEO of Tower One, states: "This strategic acquisition will allow economies of scale in the services business, cost reduction through consolidation of many expenses including insurance and additional clients for the combined entity. Cross-servicing in additional markets will allow the combined entity to service in clients in California, Texas, Florida and Arizona."
The terms of the deal are subject to ongoing due diligence and are anticipated to be combined with the previously announced spin-out of Tower One's existing tower services subsidiary, TCTS, announced February 21st 2018. A definitive agreement is expected to be completed on or before June 1st 2018.
Mr. Ochoa continues: "The previously announced spin-out will provide Tower One shareholders with additional equity exposure in the growing telecom services sector. As well, it will allow Tower One's management team to be focused on its core business of providing cell towers to mobile network operators in Latin America. This business has seen strong growth, in Colombia and Argentina, along with new opportunities in Mexico."
Tower One recently announced the acquisition of 80 new wireless tower sites in Argentina. Each wireless tower site consists of ownership of the underlying real-estate as well as the rights to build wireless cell towers. In addition to the 80 new tower sites, Tower One currently has under construction 15 towers in Argentina. The company has also been notified that two towers have received co-location applications in Colombia, which will result hosting of multiple carrier clients on a single wireless tower. Tower One's current portfolio now consists of over 40 wireless towers now erected in Colombia and Argentina and over 300 secured search rings."
Watch Our Exclusive Interview with President & CEO, Alejandro Ochoa of Tower One Wireless Corp. Live from Times Square in New York City located here: https://youtu.be/m2iVUtBapE0
Verizon Communications Inc. (NYSE: VZ) in November announced that the company, AT&T and Tillman Infrastructure have entered into a joint agreement to build hundreds of cell towers, with the potential for significantly more new site locations in the future. Tillman, owner and operator of towers, small cells and smart cities infrastructure, has agreed to construct these towers to-suit with AT&T and Verizon, which have committed to leasing and co-anchoring the co-located towers. These new structures will add to the overall communications infrastructure in the US, and will fulfill the need for new locations where towers do not exist today. They also will serve as opportunities for the carriers to relocate equipment from current towers. Construction plans on the first towers will begin in the first quarter of 2018 and as those sites are completed, network engineers will begin installing equipment and turning the sites up quickly.
AT&T Inc. (NYSE: T) helps millions around the globe connect with leading entertainment, business, mobile and high speed internet services. Earlier this year, the company announced that it expects to be the first U.S. company to introduce mobile 5G service in a dozen markets by late 2018. The promise of mobile 5G is seemingly endless and we're moving fast to make that promise a reality. In addition to plans for offering mobile 5G to consumers this year, the company expects to trial 5G technology with businesses of all sizes across industries to help them to transform business operations and create more engaging experiences for their customers. To power its new network this year and beyond, the company is building our towers and small cells in a radically new way.
T-Mobile US, Inc. (NASDAQ: TMUS) is redefining the way consumers and businesses buy wireless services through leading product and service innovation. In February, the company announced it plans to build out 5G in 30 cities this year, and customers in New York, Los Angeles, Dallas and Las Vegas will be first to experience it, when the first 5G smartphones launch early next year. 5G is a lot more than faster speeds. It enables brand new IoT experiences, massive connectivity, smart cities, decade long battery life, ultra-responsive networks and increased speed, but it's more than that - to fully unleash 5G requires a nationwide network. In addition to deploying 5G-ready equipment today and lighting up 5G in low-band spectrum (600 MHz), T-Mobile plans to begin building out 5G on millimeter wave spectrum this year. And, T-Mobile expects to deploy 25,000 small cells to light up LAA (Licensed Assisted Access), technology that adds extra capacity and speed, while paving the way for 5G.
Sprint Corporation (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Earlier this year, the company announced that customers in select U.S. markets will experience the future of wireless as the company prepares to deliver the nation's first 5G mobile network in the first half of 2019. Customers in Chicago, Dallas and Los Angeles will begin experiencing 5G-like capabilities, including significant increases in data speed and capacity, as Sprint rolls out advanced network technology called Massive MIMO. Sprint will aggressively expand to additional markets including Atlanta, Houston and Washington, D.C. later this year. In 2018 and 2019 Sprint expects to deploy thousands of Massive MIMO radios, significantly increasing network capacity for millions of customers across the country. Massive MIMO is a critical bridge to Sprint's 5G network. 5G technology promises to connect people, places and billions of things with blazing fast speed, ultra-reliable, low-latency wireless service. This breakthrough technology will enable new levels of innovation and progress including cloud robotics, telemedicine, connected cars and drones, augmented and virtual reality and more.
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