Tower One Wireless Corp. provides a construction update for the month of March 2022. During the month of March, the company was able to complete nine new towers and has a total of thirty-four towers under construction in Colombia and Mexico.

These towers are built to suit for specific clients and will provide a total, non-cancellable rent for 10 years for over $2,300,000 (This figure excludes colocation revenue upside and inflation escalator terms). These Towers have a value of over $3,600,000. Tower One began the year with 204 towers in operation and as of March 31st the company now owns and operates 231 towers, given the current construction schedule they expect to have approximately 450 towers in operation by year end.