NuRAN Delivers 20 New Sites in February

Rhea-AI Summary

NuRAN Wireless (CSE:NUR)(OTC:NRRWF)(FSE:1RN) has successfully completed the delivery and installation of 20 new network sites in rural Africa during February 2025. This achievement aligns with the company's strategic growth objectives announced on February 10, 2025.

The expansion represents a significant step in NuRAN's Network-as-a-Service (NaaS) model implementation, aimed at bridging the digital divide in underserved regions. The company's focus remains on scaling operations across African markets to achieve positive EBITDA while contributing to economic and social development through enhanced telecommunications access in remote areas.

Positive

• Successful deployment of 20 new network sites in February 2025
• Expansion aligns with announced strategic growth objectives
• Progress towards achieving positive EBITDA

Negative

• None.

QUEBEC, QC / ACCESS Newswire / March 3, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce the successful delivery and installation of 20 network sites in rural Africa in the month of February 2025. This milestone aligns with NuRAN's strategic growth objectives as set out on February 10, 2025, and our commitment to expanding mobile connectivity in underserved regions.

The addition of these 20 sites marks an important achievement in NuRAN's ongoing efforts to bridge the digital divide and enhance telecommunications access across rural Africa. This expansion is a key step in the Company's overarching strategy to scale its Network-as-a-Service (NaaS) model and achieve positive EBITDA.

NuRAN remains focused on executing its expansion plans and maintaining network growth as a top priority. The Company will continue to scale its operations in key markets across Africa, further contributing to economic and social development by bringing connectivity to remote areas.

About NuRAN Wireless

NuRAN Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G, and 4G technologies, NuRAN Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably. "Bridging the Digital Divide, One Connection at a Time."

Additional Information:
For further information about NuRAN Wireless: www.nuranwireless.com

Francis Létourneau,
Director and CEO
Francis.letourneau@nuranwireless.com
Tel: (418) 264-1337

Frank Candido
Investor relations
Frank.candido@nuranwireless.com
Tel: (514) 969-5530

Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "expects", "is expected", "anticipates", "intends", "believes", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements include those relating to the signing of and drawdowns under the Loan Facility, statements with respect to setting up our construction plan and accelerating the achievement of major milestones such as reaching EBITDA positive. Forward-looking statements are not a guarantee of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, such as the uncertainties regarding include risks such as the uncertainties regarding the impact of the COVID-19 outbreak, and measures to prevent its spread, risks relating to NuRAN's business and the economy generally; NuRAN's ability to drawdown under the Loan Facility and obtain any required consents for the drawdowns under the Loan Facility, NuRAN's ability to adequately restructure its operations with respect to its new model of NaaS service contracts; NuRAN's ability to complete any financing, our ability to collect fees from our telecommunication providers and reliance on the network of our telecommunications providers, the capacity of the Company to deliver in a technical capacity and to import inventory to Africa at a reasonable cost; NuRAN's ability to obtain project financing for the proposed site build out under its NaaS agreements with Orange, MTN and other telecommunication providers, the loss of one or more significant suppliers or a reduction in significant volume from such suppliers; NuRAN's ability to meet or exceed customers' demand and expectations; significant current competition and the introduction of new competitors or other disruptive entrants in the Company's industry; effects of the global supply shortage affecting parts needed for NuRAN's sites and site installations; NuRAN's ability to retain key employees and protect its intellectual property; compliance with local laws and regulations and ability to obtain all required permits for our operations, access to the credit and capital markets, changes in applicable telecommunications laws or regulations or changes in license and regulatory fees, downturns in customers' business cycles; and insurance prices and insurance coverage availability, the Company's ability to effectively maintain or update information and technology systems; our ability to implement and maintain measures to protect against cyberattacks and comply with applicable privacy and data security requirements; the Company's ability to successfully implement its business strategies or realize expected cost savings and revenue enhancements; business development activities, including acquisitions and integration of acquired businesses; the Company's expansion into markets outside of Canada and the operational, competitive and regulatory risks facing the Company's non-Canadian based operations. Accordingly, readers should not place undue reliance on forward looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com.

SOURCE: NuRAN Wireless Inc.

View the original press release on ACCESS Newswire

FAQ

How many new network sites did NuRAN Wireless (NRRWF) deploy in February 2025?

NuRAN Wireless deployed 20 new network sites in rural Africa during February 2025.

What is NuRAN's (NRRWF) business model for African expansion?

NuRAN operates under a Network-as-a-Service (NaaS) model, focusing on providing mobile and broadband wireless infrastructure solutions in rural Africa.

What are the financial goals of NuRAN's (NRRWF) African network expansion?

NuRAN aims to achieve positive EBITDA through scaling its Network-as-a-Service operations across African markets.

When did NuRAN (NRRWF) announce its strategic growth objectives for African expansion?

NuRAN announced its strategic growth objectives on February 10, 2025.