Siyata Mobile (NASDAQ: SYTA, SYTAW), a global developer and vendor of Push-to-Talk over Cellular (“PoC”) handsets and accessories, has made a significant investment in Canadian Towers & Fiber Optics Inc. (“CT&FO”), a Canadian-based company that develops, constructs and owns telecommunications infrastructure in Mexico’s telecommunication market. According to the announcement, the two companies will work together to grow the telecommunications infrastructure business in Latin American and introduce Siyata’s innovative devices to wireless carriers. CT&FO is currently focused on tower development in Mexico and has plans to expand to other Latin America countries. Siyata noted in the announcement that Mexico is the second-largest market in the $81 billion Latin American telecommunications industry, and CT&FO owns and operates the largest dark fiber optic network in Central Mexico, with 24 towers currently deployed and the potential to develop more than 1,000 additional towers in the coming years. “Our investment in CT&FO provides us with an entrée into Latin America through an established and fast-growing telecommunications partner,” said Siyata Mobile CEO Marc Seelenfreund in the press release. “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.”
To view the full press release, visit https://ibn.fm/lf8eO
About Siyata Mobile Inc.
Siyata Mobile is a business-to-business (“B2B”) global developer and vendor of next-generation, Push-to-Talk (“PTT”) over Cellular (“POC”) handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire and ambulance organizations as well as schools, utilities, security companies, hospitals, waste-management companies, resorts and many other organizations use Siyata PTT handsets and accessories. In support of its Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade, in-vehicle solutions and cellular booster systems enabling customers to communicate effectively when they are in their vehicles, even in areas where the cellular signal is weak. Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors. For more information about the company, visit www.SiyataMobile.com or www.UnidenCellular.com.
NOTE TO INVESTORS: The latest news and updates relating to SYTA are available in the company’s newsroom at http://ibn.fm/SYTA
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