Telecommunications infrastructure investment
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Akanda To Accelerate Recurring Revenue with Expansion Of Up To 20 New Cellular Towers
Newsfileยท 2025-10-16 20:15
Core Viewpoint - Akanda Corp. is initiating a significant expansion of its telecommunications infrastructure in Mexico by constructing or acquiring up to 20 new cellular towers by the end of 2025, aimed at enhancing network capacity and generating recurring revenue [1][2][3] Company Overview - First Towers & Fiber Corp. (FTF), a wholly-owned subsidiary of Akanda, currently operates 30 revenue-generating towers and a 700-kilometer dark fiber network, positioning itself as a key player in Mexico's telecommunications sector [2][4] - The expansion of the tower network is part of FTF's growth strategy, expected to strengthen connectivity and increase recurring revenue, while reinforcing partnerships with national carriers [3] Strategic Importance - The initiative is aligned with the increasing demand for mobile data and enterprise connectivity solutions in Mexico, ensuring long-term value creation for shareholders [3] - By investing in telecommunications infrastructure, the company aims to support Mexico's digital growth trajectory and the nationwide push for improved connectivity [3]