TOWER ONE WIRELESS CORP. Tower One, through its subsidiary in Ecuador announced a new contract with Telefonica – to build Tower Sites and to finance equipment. This transaction has a CAPEX requirement of $18M USD.

Each tower site is a build to suit (BTS) as requested by Telefonica. Tower One currently has231 towers in operation with a strong portfolio in Colombia. This contract in Ecuador diversifies the currency exposure in Latin America and continues the company's mission to connect more areas of the world through its towers.