Tower One Announces Second Quarter 2020 Results and Provides an Update On the Progress of the Business
We are pleased to report another quarter with record levels of tower revenue, strong bottom-line results and solid assignments for new tower construction.
- We are pleased to report another quarter with record levels of tower revenue, strong bottom-line results and solid assignments for new tower construction.
- This is our second quarter delivering positive EBITDA which shows that our vision and years of effort were focused in the right direction.
- Earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second quarter of 2020 totaled $198,658.
- Tower rent revenue totaled $525,092 during the second quarter of 2020 and remained relatively flat as compared to previous quarter impacted by the sale of towers mentioned before.