Telesites incorporated 719 sites into its portfolio and added 341 additional rents from co-locations. The expansion of new towers was due both to improve geographic coverage and increase capacity in some towers in both urban and rural areas. With more towers in our portfolio, we can continue improving our margins, thanks to our cost structure and our ability to co-locate more clients.

ABOUT THE COMPANY
Telesites is a Mexican company that builds, installs, maintains, operates and sells various types of passive telecommunications infrastructure—towers and support structures, physical spaces and other non-electronic elements. With more than 16,000 towers spread across the nine regions in Mexico as well as Costa Rica, Telesites is the largest tower operator in Mexico, and the second largest in Latin America.

Faced with a steadily growing demand for voice and data services and rapidly evolving telecommunications technology, cellular telephony carriers must continuously expand the infrastructure used for providing their services. This means a strong growth potential for Telesites going forward.