NuRAN Resumes Site Deployments in Africa
Completion of Phase 1 - 122 sites in CameroonCompletion of 118 sites in DRC for OctoberInitial 10 sites in South Sudan for SeptemberAppointment of new Managing Director and Director of Operations for AfricaQUEBEC, QC / ACCESSWIRE / August 11, 2022 / …
- Completion of Phase 1 - 122 sites in Cameroon
- Completion of 118 sites in DRC for October
- Initial 10 sites in South Sudan for September
- Appointment of new Managing Director and Director of Operations for Africa
QUEBEC, QC / ACCESSWIRE / August 11, 2022 / NuRAN Wireless Inc. ("NuRAN Wireless") (CSE:NUR) (OTC:NRRWF) (FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions is pleased to announce the resumption of and revised rollout schedule of sites in Cameroon, DRC and South Sudan.
The new schedule for site deployments includes the completion of the initial 122 sites in Cameroon in partnership with Orange Cameroon initially announced in a press release dated October 29, 2020 by the end of October 2022. Additionally, On March 11, 2021, NuRAN had also announced that this contract was expanded to include an addition 120 sites for a total 242 sites.
NuRAN will additionally resume site deployments in the DRC in partnership with Orange DRC with the expected completion of 118 sites in the DRC which was initially announced on February 8, 2021. The contract with Orange DRC is for a total of 2000 sites.
Lastly, NuRAN will launch live sites in South Sudan with a total of 10 sites to be deployed. The contract announced on December 21,2021 with MTN South Sudan is for 250 total sites to be deployed with the potential for more sites to be added.
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"We are pleased to announce the resumption of site deployments in Africa. To date, NuRAN has had to finance all site deployments from equity at the corporate level. Our plan has always been to finance site deployments predominately through debt at the African level. As we await the release of $27M USD of African debt financing, we are pleased that we can continue to deploy more sites in the mean time. We are as anxious as all our shareholders and stakeholders to accelerate the deployment of sites while we continue to announce new and significant contracts. Our goal has been to reach 10,000 sites under contract, and we are quickly approaching that goal with 3142 sites already under contract" stated Francis Letourneau, CEO and President of NuRAN Wireless Inc.