Siyata Mobile, a global developer and vendor of Push-to-Talk (PTT) over Cellular (PoC) handsets and accessories, announced an investment in Canadian Towers & Fiber Optics (CT&FO), a Canadian based company that develops, constructs and owns telecommunications infrastructure in the flourishing telecommunication market in Mexico.
CT&FO is focused on tower development in Mexico with plans to expand to other Latin America countries through its extensive relationships in the region, explained Siyata Mobile in a press release.
Mexico is the second largest market in the US $81 billion Latin American telecommunications industry.
In fact, CT&FO owns and operates the largest dark fiber optic network in Central Mexico, with Telefonica as its anchor tenant under a 20-year leasing contract.
The network serves the area where some of the strongest industrial and fastest growing state economies are located. As the preferred partner for providing coverage to the rural regions of Mexico, the company has 24 towers deployed, as well as the opportunity to develop more than 1,000 additional towers in key markets over the next several years.
Siyata CEO, Marc Seelenfreund, commented, “The CT&FO’s investment provides Siyata with an entry into Latin America through an established and fast-growing telecommunications partner.”
“Through this partnership, we will have the opportunity to collaborate with a leading cell tower company to develop new business opportunities for our PTT handsets in Central Mexico and across Latin America as CT&FO further expands its business. Latin America represents a massive market opportunity for PTT devices, and we are excited to leverage CT&FO's leading industry position to further advance our sales efforts,” expressed Seelenfreund.
Chris Cooper, CEO of Canadian Towers & Fiber Optics, commented that the company looks forward to working with the Siyata team to grow the telecommunications infrastructure business and to introduce its innovative devices to wireless carriers in Latin America.
