Developments in the Telecom API Market News Commentary

NEW YORK, October 17, 2017 /PRNewswire/ --

According to a report by Zion Market Research, the global telecom API market was valued at approximately USD 66.37 billion in 2016 and is expected to reach approximately USD 218.84 billion by 2022 while growing at a CAGR of around 22% between 2017 and 2022. The report indicates that increasing use of mobile internet and adoption of new technologies are driving demand of the global telecom API market. Strong competition within the market pushes the need to provide high-quality service at low costs and influences industries toward telecom. Tower One Wireless Corp (OTC: TOWTF), AT&T Inc. (NYSE: T), American Tower Corp. (NYSE: AMT), Sprint Corp. (NYSE: S), Verizon Communications Inc. (NYSE: VZ)

A report by Deloitte points out how the spread of 5G networks could affect the market. "The rise of 5G networks promises to spark an enormous wave of change starting in 2017. While the technology has not yet been fully defined, carriers are proceeding with lab and field trials for at least the basic connectivity elements in their race to stay competitive. The promise of 5G-more speed, greater efficiency, and less latency-will be essential to supporting connected things in the future. There could well be a push to launch 5G to consumers in trial markets by the end of 2017. We expect there will be full, mass market 5G coverage by approximately 2020," Deloitte reports.

Tower One Wireless Corp (OTCQB: TOWTF) also listed on the Canadian Stock Exchange under the Ticker 'TO'. Just earlier today the company announced breaking news that it has signed a letter of intent (the "LOI") to acquire a Mexican-based private tower company with a view to negotiating the terms of a definitive agreement in order to complete the acquisition of this Mexican-based tower company (the "Acquisition")

The Mexican-based tower company, which owns, builds and leases cellular towers to the telecom industry in Mexico, includes a Master Lease Agreement ("MLA") with AT&T permitting it to be granted direct Build-To-Suit ("BTS") opportunities for AT&T.

Alex Ochoa, CEO, stated "This acquisition will be a great addition to Tower One's strategy of entering into multiple jurisdictions that offer consistent annual infrastructure growth. We will now have the opportunity to work with one of the global leaders AT&T which is expanding its worldwide business. Since going public in Q1 2017, we have initiated our expansion program into three countries."

AT&T entered Mexico in 2015 by purchasing wireless operator Iusacell and the wireless assets of Nextel Mexico for a total of about $4.4 billion. Additionally, AT&T plans to invest as much as $3 billion to upgrade its network, improving LTE coverage to reach about 100 million users by 2018, up from around 51 million users currently. Further details regarding the proposed Acquisition will be provided in a news release, if and when the parties enter into a definitive agreement."

AT&T Inc. (NYSE: T) helps millions around the globe connect with leading entertainment, business, mobile and high-speed internet services. The company offers the nation's best data network and the best global coverage of any U.S. wireless provider. In 2015, AT&T introduced a new competitor to the Mexican telecommunications marketplace by making significant investments and presenting simple and transparent plans. The company plans to invest $3 billion dollars from 2015 to 2018 to deploy a high-speed mobile network, in addition to the $4.4 billion dollars AT&T already invested to acquire Iusacell and Nextel Mexico. By the end of 2015, AT&T made its 4G LTE network available to 44 million Mexicans, out of a population of 120 million. AT&T expects its 4G LTE mobile network will be available to 100 million people by the end of 2018.

American Tower Corp. (NYSE: AMT) is a leading independent owner, operator and developer of wireless and broadcast communications real estate. In addition to leasing space on towers, the company provides customized collocation solutions through its in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that speed network deployment. Recently, the company released information about its business in light of press reports regarding Tata Teleservices Limited in India. For the quarter ended June 30, 2017, Tata Teleservices accounted for approximately $80 million, or 5% of American Tower's consolidated property revenues, including approximately $32 million of pass-through revenue.

Sprint Corp. (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 53.7 million connections as of June 30, 2017 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. On September 12, 2017, the company and Ericsson unveiled results of the first U.S. 2.5 GHz Massive MIMO (multiple input, multiple output) field tests conducted in Seattle, Washington and Plano, Texas using Sprint's spectrum and Ericsson's 64T64R (64 transmit, 64 receive) radios. The two companies are preparing for commercial deployment next year, with Massive MIMO radios capable of increasing Sprint's network capacity up to ten times.

Verizon Communications Inc. (NYSE: VZ) began building and testing 4G LTE in 2008 and commercially launched the nation's first 4G LTE network in December 2010. Today, more than 98 percent of the U.S. population has access to 4G LTE and 90 percent of Verizon Wireless data traffic is carried over the network. In September, the company and Ericsson showcased technology milestones and used cases demonstrating continued industry leadership as LTE evolves, paving the way to 5G. Nicola Palmer, Verizon Wireless chief network officer, said: "Verizon has led the charge in deploying the latest technologies and harnessing unlicensed spectrum with our pioneering work on LTE-U/LAA and 3.5 GHz-putting us in a great position to continue providing the best network experience and to further extend our lead through 4G LTE Advanced features."

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