Plenary has expanded its North American footprint with an investment in Vancouver-based Canadian Towers and Fiber Optics (CT&FO), a company providing fiber optic solutions for Mexico’s developing telecommunications sector.
To date, CT&FO has successfully installed more than 500 kilometers (311 miles) of fiber optic cable across five cities in the Bajio area of Central Mexico, including Queretaro, Leon, Guadalajara, Irapuato and Aguascalientes. With one full-length long-term dark fiber lease agreement already in place, CT&FO is currently working to lease remaining capacity, expand the network into other regions within Mexico, and advance into the tower and microcell segments.
In addition to promoting the expansion of telecommunications capacity, the Mexican government has also announced a six-year national infrastructure plan that contemplates new rail developments, modernization of existing roads, construction of new roads, and construction and rehabilitation of hospitals and schools across the country.
