VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 9, 2017) - Tower One Wireless Corp (CSE:TO)(OTCBB:TOWTF)(FRANKFURT:A2AFT9) (the "Company") announces that it has formed a 100% owned subsidiary in Argentina. The company also announces that it has taken assignment of all the assets, trade secrets and receivables of Rojo Resources, which had previously contemplated a change of business to focus on Argentina's burgeoning telecom sector. This is of particular interest as for the most part Argentina is serviced by the same wireless providers as Colombia and many other countries of Latin America.
About Argentina Telecom
Although Argentina has one of the more advanced telecom infrastructures in Latin America, significant investment is still required in the coming years to update service in rural areas. The government has embarked on a progressive, large-scale National Broadband Plan, which contemplates over 10,000 new cell sites over the next three years. After the election in December 2015, Argentina's President, a former businessman, promised to bring in reforms to entice international investments in infrastructure. Minister of Communications Oscar Aguad said in September that the new regulatory reforms could lead to US$20billion in telecom infrastructure investments over the next four years.
About Tower One Wireless Corp
Tower One Wireless was founded in 2015 with a mission to own and operate high-quality cellular network infrastructure sites in South American markets that are experience strong usage growth.
Tower One Wireless focuses primarily on building towers in municipalities where there is limited or no cellular coverage. This enhances the probability of multiple carriers sharing the tower and minimizes competitive risk. Tower One Wireless has assembled a decorated management team with top-tier cellular development experience with one of South America's largest tower developers. Tower One Wireless is currently focused on 4G & 5G LTE infrastructure expansion in Latin America.
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All information in this press release concerning Tower One Wireless Corp has been provided for inclusion herein by Tower One Wireless Corp. Although the Company has no knowledge that would indicate that any information contained herein concerning T1 is untrue or incomplete, the Company assumes no responsibility for the accuracy or completeness of any such information.