Brazil Tower Company (“BTC”) constructs, develops and owns wireless and broadcast communications towers in Brazil. Our primary business is the leasing of antenna space on multi-tenant communications towers to wireless service providers and radio and television broadcast companies. Brazil is experiencing unprecedented wireless expansion. Anatel projects 150,000 new cell sites to be deployed in Brazil by 2015, not including those needed for the coming higher frequency WiMax technology. All wireless carriers are expanding their networks. Fixed line operators are using microwave for backhaul. Broadcast companies are now transitioning from analog to digital transmission. With the demand for passive infrastructure at an all-time high, BTC is here to assist our customers with meeting these demands. BTC launched its business operations in Brazil in August 2011. With the first sites in Bahia, our company is focused on building quickly and efficiently for the customers to meet their coverage and capacity goals. We plan to deploy several hundred towers in Northeast Brazil between 2014 and 2016. By doing so, BTC will provide needed passive infrastructure to cellular carriers, wireless landline operators and cable operators in this important but under-served region of Brazil. All of our towers are in the 40 meter to 60 meter class and are designed to fit multiple tenants. Our contracts are designed to be the simplest in the industry. We look forward to working with your team and planning together.