NuRan Wireless Funding Accelerates Thousands Of Mobile Towers In Rural Africa

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In today's connected world, we often take high-speed internet access for granted, but for billions living in rural and remote regions, it remains an elusive dream. NuRan Wireless ($NUR / $NRRWF), a leader in mobile and broadband wireless infrastructure solutions, is changing that narrative. With a staggering $800 million in signed contracts over the next decade across seven countries, including partnerships with two of the world's largest mobile network operators, NuRan is making waves in the telecommunications industry.

5 YEAR PLAN TARGETS $200,000,000 IN ANNUAL REVENUE

Within five years, NuRan aims to operate 10,000 sites, generating $200 million in revenue and $100 million in EBITDA, spanning 15 countries across two continents.

The heart of NuRan's mission lies in extending the reach of mobile network operators into remote areas where they've traditionally hesitated to invest. NuRan takes on the risk and responsibility to deploy comprehensive network infrastructure, from towers to power systems and radios, all managed under ten-year contracts with mobile operators. Think of NuRan as the essential left arm extending connectivity to the unconnected villages scattered across Africa and beyond.

APPROVAL OF $5M LOAN FACILITY

In a groundbreaking move towards advancing its Network-as-a-Service operations NuRAN Wireless has successfully navigated through an intensive two-month collaboration with its lender, culminating in the completion of all due diligence processes and the initiation of the definitive loan documentation phase.

What did Francis Letourneau, CEO of NuRAN Wireless have to say?

"This is a significant development in NuRAN's financing strategy for its NaaS operations and is the culmination of much hard work by the lender's and NuRAN's team on completing the final due diligence and debt structuring. We are appreciative and thankful that our lenders are supporting our contracts to connect and empower the unconnected in Africa."

Loan Highlights:

• 2-year tenor Facility, set to be drawn down over a maximum period of 12 months with a bullet principal repayment at maturity
• Interest capitalized

Use of Funds:

• Establishing new sites in Cameroon and the DRC, as well as other African countries
• Can be utilized to refinance energy assets, covering material and build costs for new sites, further solidifying NuRAN's commitment to connectivity initiatives in the region.

NuRAN Wireless is positioned for a transformative phase. As the demand for mobile and broadband connectivity in Africa rises, NuRAN stands at the forefront, ready to deploy an additional 800 sites. Watch the exclusive video interview for insights directly from CEO Francis Letourneau and discover why NuRAN's vision is set to reshape the wireless infrastructure landscape in Africa.