Tower One forms subsidiary in Argentina

Tower One Wireless Corp (CSE:TO)(OTCBB:TOWTF)(FRANKFURT:A2AFT9) has formed a 100% owned subsidiary in Argentina, the company said.

The company also 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.

Argentina´s government has embarked on a progressive, large-scale National Broadband Plan, which contemplates over 10,000 new cell sites over the next three years.

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.