Tower One Receives Master Lease Agreement From Telefonica Colombia

TOWER ONE WIRELESS CORP.(CSE:TO) (OTCQB:TOWTF) (Frankfurt:1P3N) (“Tower One” or the “Company”) announces it has signed a Master Lease Agreement (the “MLA”) with Telefonica (www.telefonica.com) a Mobile Network Operator in Colombia and Latin America.  Under the terms of the MLA, Tower One will provide Telefonica with the use of its Colombian wireless tower infrastructure over a 10 year fixed term contract.

Alejandro Ochoa, CEO of Tower One, states: “This agreement with Telefonica continues to display Tower One’s commitment and capability in building our portfolio of Master Lease Agreements throughout South America. We are now working with some of the largest cellular carriers in the region that include: AT&T, Avantel, Claro, Telecom and now Telefonica. Our long-term focus is on diversification throughout multiple countries in the region.”

The Company now has a total of forty-two (42) completed towers throughout Argentina and Colombia with over twelve (12) co-locations. A backlog of +400 towers and over 30 in construction. – Nasdaq