NEW YORK, October 19, 2017 /PRNewswire/ --
According to data provided by Plunkett Research, Ltd., the telecommunications industry is expected to grow to about a $6.5 trillion sector in 2018. The report indicates that the telecom industry touches many technology-related business sectors. These sectors encompass not only the traditional areas of local and long-distance telephone service, but also advanced technology-based services including wireless communications, the internet, fiber-optics and satellites. A crucial factor contributing to the growth of the industry is the increasing adoption of smartphones and tablets in emerging markets, as well as continuous development of super-fast data transfer technologies. Tower One Wireless Corp (OTC: TOWTF), SBA Communications Corporation (NASDAQ: SBAC), T-Mobile US, Inc. (NASDAQ: TMUS), United States Cellular Corp (NYSE: USM), Crown Castle International Corp. (NYSE: CCI).
"The growth in smartphone usage signals continuing opportunity for all telecom sub-sectors, including wireless and wireline/broadband carriers, network equipment/infrastructure companies, and device manufacturers. Smartphone sales are still strong, with penetration up 10 percent year over year, and the highest growth percentages coming in the 45-54 and 55+ age demographics-groups that have previously lagged behind younger consumers," Deloitte reports.
Tower One Wireless Corp (OTCQB: TOWTF) also listed on the Canadian Stock Exchange under the Ticker 'TO'. Just this morning the company announced breaking news that it, has placed a $315,000 deposit for the purchase of 15 towers to be deployed in November, 2017. These 15 towers will be located in Argentina and are expected to cost a total of approximately USD$1,050,000 to purchase. Tower One conducted a successful cost-cutting bid process with tower vendors that has reduced its cost per tower site.
Alex Ochoa, CEO, stated "The goal of this process was to reduce the cost of towers and enhance the economics of the business. Unquestionably, we have achieved our goal and this purchase lays the foundation for the balance of 2017 and 2018 during which we anticipate an additional 200 new, Built-To-Suit, tower opportunities."
Further details regarding the acquisition of these 15 towers will be provided in a news release, if and when, Tower One makes the remaining payment for such towers and delivery of the towers has been completed.
About Tower One Wireless Corp. - Tower One builds, owns, and leases a portfolio of wireless infrastructure assets to wireless carriers on long term contracts. Tower One is one of only a few publicly traded small cap companies in the tower and wireless infrastructure industry. Tower One is operated by a team of telecom and finance professionals with a long history in the telecom and wireless infrastructure business. Management has voluntarily put its 30 million shares in a lockup for three years. Tower One Wireless is currently focused on 4G and 5G LTE infrastructure expansion in Latin America.
SBA Communications Corporation (NASDAQ: SBAC) is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central and South America. SBA owns and operates over 26,000 towers across North, Central and South America. By "Building Better Wireless", SBA generates revenue from two primary businesses - site leasing and site development services. Through the company's site development services, SBA offers wireless service providers assistance in developing their own networks. In the company's site leasing business, SBA leases antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts.
T-Mobile US, Inc. (NASDAQ: TMUS) is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 69.6 million customers who are unwilling to compromise on quality and value. On September 26, 2017, the company announced the Un-carrier is accelerating its geographic expansion efforts in Iowa though a definitive agreement to acquire the remaining interest of Iowa Wireless ("iWireless") from Aureon. iWireless is a leading regional wireless provider serving Iowa, western Illinois, and eastern Nebraska with 103 full service company stores and authorized dealers that serve approximately 75,000 customers. This will give customers of iWireless access to all of T-Mobile's Un-carrier benefits and America's Best Unlimited Network. The deal is subject to customary closing conditions including regulatory approval and is expected to close in the fourth quarter of 2017 or early 2018.
United States Cellular Corp (NYSE: USM) is the fifth-largest full-service wireless carrier in the United States, providing national network coverage and industry-leading innovations designed to elevate the customer experience. U.S. Cellular has the Highest Wireless Network Quality Performance in the North Central Region, according to the J.D. Power 2017 U.S. Wireless Network Quality Performance Study, and 99 percent of customers have access to 4G LTE speeds. The 2017 U.S. Wireless Network Quality Performance Study-Volume 2 is based on responses from 35,105 wireless customers. Carrier performance is examined in six geographic regions: Northeast, Mid-Atlantic, Southeast, North Central, Southwest and West. In addition to evaluating the network quality experienced by customers with wireless phones, the study also measures the network performance of tablets and mobile broadband devices.
Crown Castle International Corp. (NYSE: CCI) provides wireless carriers with the infrastructure they need to keep people connected and businesses running. With approximately 40,000 towers and 60,000 route miles of fiber supporting small cells following the completion of the Lightower acquisition, Crown Castle is the nation's largest provider of shared wireless infrastructure with a significant presence in the top 100 U.S. markets. On August 29, 2017, the company announced that it increased the commitments under its Senior Unsecured Revolving Credit Facility by $1 billion, for total commitments of $3.5 billion, and extended the maturity date on its Senior Unsecured Credit Facility to August 29, 2022.
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