Overview
Tower One Wireless Corp. is a Canadian Securities Exchange-listed company (TO.CSE), founded in 2015, with a primary focus on developing cellular network infrastructure in Latin America. Operating on a build-to-suit (BTS) model, it specializes in construction and leasing services for mobile network operators (MNOs).
Operations and Services
The company generates revenue mainly by leasing space on its telecommunications towers to MNOs and offers a suite of services including site acquisition, zoning and permitting, structural analysis, and construction. Operating in strategic locations like Canada, Colombia, Mexico, and Ecuador, Tower One focuses on the deployment and enhancement of 4G LTE and 5G infrastructures. Recently, Tower One achieved a milestone by deploying 66 new sites in the first half of the year, specifically targeting Latin America for market penetration and growth.
Financials
Tower One secured a notable debt financing deal of US $25,000,000 with Itaú Corpbanca Colombia S.A., supported by a local partner, to facilitate its expansion and operational improvements. Cumulatively, the company has garnered a total funding of $27.9 million.
Leadership
The leadership team is headed by Alejandro Ochoa, President and CEO, with over 20 years of experience in the telecommunications field. His leadership is vital to the company's strategic direction. He is joined by Luis Parra, Chief Operating Officer, and Santiago Rossi, Chief Financial Officer, who bring extensive expertise in tower management and financial strategy, respectively, to the company.
Market Presence and Strategy
Tower One Wireless is strategically expanding in the telecommunications infrastructure sector, focusing heavily on South American markets. Through enhancement of connectivity and data capabilities, it aims to broaden its market presence. The company emphasizes partnerships and innovation in infrastructure development to maintain sustainability and competitiveness.
Competitor Profiling
Key Competitors
3-GIS
- Industry: Telecommunications
- Revenue: $42.9 million
- Employees: 132
- Key Offerings: Fiber network management software that enhances geospatial performance and network efficiency.
- Headquarters: Decatur, Alabama
- Founded: 2006
3-GIS is distinguished in fiber network management, optimizing asset management with their geospatial innovations across five countries.
PlanetOne Communications (Now AVANT)
- Industry: IT Services and IT Consulting
- Revenue: $3.3 million
- Employees: 17
- Key Offerings: Cloud solutions and technology sourcing for SMEs and enterprises.
- Headquarters: Scottsdale, Arizona
- Founded: 1992
PlanetOne, now part of AVANT, delivers cloud-based connectivity, supporting diverse telecom business needs.
Reliant Land Services
- Industry: Telecommunications
- Revenue: $6.1 million
- Employees: 27
- Key Offerings: Telecommunications project management, leasing, architectural, and engineering services.
- Headquarters: Scottsdale, Arizona
- Founded: 2000
Reliant stands out with comprehensive telecom project management solutions from initial site acquisition to zoning.
LINX LLLP
- Industry: Telecommunications
- Revenue: $162.5 million
- Employees: 400
- Key Offerings: Network cabling, multimedia, security solutions, and wireless system integration.
- Headquarters: Denver, Colorado
- Founded: 2003
LINX integrates technology solutions across multiple sectors, with a focus on security systems and network cabling.
Company Insights
Tower One Wireless Corp.'s strategic focus on Latin America through the development of multi-tenant towers reflects in its annual revenue of $8.6 million and a high per-employee revenue of approximately $260,000. The insights drawn from competitors like 3-GIS and LINX, who showcase robust revenue models and expansive portfolios, can inform Tower One's strategic pathway, potentially guiding collaborations or areas of differentiation to bolster its standing in the evolving telecommunications sector.
