EasTower Wireless Inc.
ETWLF
Other OTC0.03
USD
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EasTower Wireless Inc.
ETWLF
(Other OTC)
Recent
price
0.03
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- EasTower Wireless Inc. EasTower Wireless Inc. (OTCQX: ETWLF; TSXV: ESTW.H) operates as a telecommunications infrastructure provider focused on tower-related services in the United States. The company offers engineered telecommunications products and services, including custom tower fabrication, structural modifications and upgrades, site acquisition assistance, and project management for wireless carriers, tower companies, and broadband operators; it provides these through its operations centered in Florida. EasTower Wireless maintains a head office in Boynton Beach, Florida, with incorporation originally under the Canada Business Corporations Act in 2016 before continuing under the British Columbia Business Corporations Act following a reverse takeover by EasTower Group Inc., a Florida corporation, completed on March 11, 2022. The company generates revenue from continuing operations through net sales of telecommunications services and products, reporting figures such as $363,725 for the three months ended June 30, 2022, alongside gross profit margins reflecting cost of sales for materials and labor. Its business segments target the North American wireless infrastructure market, serving major tower operators via master service agreements, such as one signed in June 2022 with one of the world's largest tower operators. Geographic operations remain primarily U.S.-based, with no active international expansion noted. Recent major changes include the completion of a qualifying transaction and reverse takeover on March 11, 2022, via which EasTower Group Inc. acquired the public shell formerly known as OV2 Investment 1 Inc., leading to a name change to EasTower Wireless Inc. and TSXV listing under ESTW on March 29, 2022. In January 2023, the company ceased all business operations due to financial distress, resulting in transfer to the TSXV NEX board on April 28, 2023, with symbol change to ESTW.H. In May 2023, regulators issued a failure-to-file cease trade order for overdue 2022 audited annual financial statements, prompting a partial revocation application in August 2023 to enable a $60,000 debt financing via unsecured promissory notes for audit completion, filings, and working capital amid zero valuable assets and halted activities.