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Akanda Corp. plans to add 20 telecom towers in Mexico by end-2025, boosting its network and supporting national coverage goals.
Akanda Corp. (NASDAQ:AKAN) plans to build or acquire up to 20 new telecom towers in Mexico by year-end 2025 through its subsidiary First Towers & Fiber, expanding its existing network of 30 towers and 700 km of dark fiber.
The move supports Mexico’s $7 billion Altán Redes Red Compartida program, aimed at providing wireless coverage to over 90% of the population.
The company’s low float of fewer than 730,000 shares has amplified recent stock gains, including a 100% intraday surge in October, driven by investor interest in its infrastructure progress and recurring revenue from long-term leases.
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Akanda Corp. planea agregar 20 torres de telecomunicaciones en México para finales de 2025, aumentando su red y apoyando los objetivos de cobertura nacional.