Towers - First Towers & Fiber

TOWER NETWORK

Veteran Tower Development Team

joint venture

ACCESS TO 500+ TOWERS WITH NEWLY EXECUTED JOINT VENTURE PARTNERSHIP

Telefonica, AT&T, Marcatel, and other major US telecom providers are among those employing the 5G dark fiber network.

Altan Redes is the First Public-Private Partnership (P3) initiative that seeks to expand communications coverage in semi-rural areas of Mexico.

Deploying and operating a new wireless tower network across Mexico.

Targeting 4G LTE coverage for 92% of Mexico’s population by 2024.

Attractive risk profile & yield given low construction costs and attractive tenants

STRONG CELL TOWER CUSTOMER ANCHOR

Agreement signed in 2018, allowing FT&F to build and own the towers, while Altan Redes leases space on the towers as the anchor tenant.

20

year master distribution agreement

Tower assets provide secure, escalating revenues from long-term leases with a quality anchor tenant and growth through new tenant co-location.

24

communications towers built to date

Attractive risk profile and yield on invested capital given low construction costs and attractive tenants relative to the US market. Single tenant tower cash flow yield of an average of 10%.

Altan Redes a private consortium and wholesale wireless operator responsible for the design, deployment and operation of the Red Compartida (Shared Network) network

Backed by lead investors Morgan Stanley Infrastructure Partners, Canadian pension plan Caisse de depot et placement du Quebec (CDPQ), International Finance Corporation and the Federal Government of Mexico

CFE TI works in coordination with Altan Redes to provide internet access throughout Mexico

Altán Redes has currently signed 83 MVNO’s clients that are using its network and will benefit from the continued growth expected in the MVNO market in Mexico

TOWER NETWORK DEVELOPMENT

FT&F is looking to develop its tower network under the agreement with Altan Redes and CFE (Federal Electricity Commission).

Initial 15 tower deployment to complete its current tower network in the state of San Luis Potosi (Central Mexico). Opportunity to build several hundred more towers under the Altan Redes and CFE Master Lease Agreements

MVNO CLIENTS

20

24

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