NuRAN Receives CA$ 788,000 Payment of the Arrears
NuRAN Wireless has received a full payment of CA$ 788,000 in outstanding arrears from its Mobile Network Operator partner in Cameroon. The company has established a revised site acceptance procedure, expected to be completed for Cameroon sites by end of January 2025. In November, NuRAN invoiced 79 sites with an average monthly revenue of CA$ 4,300 per site.
The company has completed materials procurement for up to 183 additional sites. Due to new importation restrictions since August 2024, particularly for hazardous goods, management is transferring inventories between countries to support the rollout plan and add 21 extra sites. Given Cameroon's exceptional performance, primary deployments will continue there, with new site rollouts planned for February 2025.
3G trial materials are in transit to Cameroon, with deployment scheduled for Q1. Site identification is complete, and 3G core network implementation is set for February. The company aims to achieve continued EBITDA growth and reach breakeven in Q2 2025.
NuRAN Wireless ha ricevuto un pagamento completo di 788.000 CA$ per arretrati dai suoi partner nell'operatore di rete mobile in Camerun. L'azienda ha stabilito una procedura di accettazione dei siti riveduta, che dovrebbe essere completata per i siti del Camerun entro la fine di gennaio 2025. A novembre, NuRAN ha fatturato 79 siti con un ricavo mensile medio di 4.300 CA$ per sito.
L'azienda ha completato l'approvvigionamento dei materiali per ulteriori 183 siti. A causa di nuove restrizioni all'importazione dai primi di agosto 2024, in particolare per beni pericolosi, la gestione sta trasferendo le scorte tra i paesi per supportare il piano di distribuzione e aggiungere 21 siti extra. Data l'eccezionale performance del Camerun, i principali schieramenti continueranno lì, con nuove attivazioni di siti pianificate per febbraio 2025.
I materiali per la prova 3G sono in transito verso il Camerun, con distribuzione programmata per il primo trimestre. L'identificazione dei siti è completata e l'implementazione della rete core 3G è prevista per febbraio. L'azienda mira a raggiungere una continua crescita dell'EBITDA e a raggiungere il pareggio nel secondo trimestre del 2025.
NuRAN Wireless ha recibido un pago completo de 788,000 CA$ en atrasos pendientes de su socio Operador de Red Móvil en Camerún. La empresa ha establecido un procedimiento de aceptación de sitios revisado, que se espera completar para los sitios de Camerún a finales de enero de 2025. En noviembre, NuRAN facturó 79 sitios con un ingreso mensual promedio de 4,300 CA$ por sitio.
La empresa ha completado la adquisición de materiales para hasta 183 sitios adicionales. Debido a nuevas restricciones de importación desde agosto de 2024, en particular para bienes peligrosos, la dirección está transfiriendo inventarios entre países para apoyar el plan de implementación y agregar 21 sitios adicionales. Dada la excepcional actuación de Camerún, los despliegues principales continuarán allí, con nuevas activaciones de sitios planificadas para febrero de 2025.
Los materiales de prueba 3G están en tránsito hacia Camerún, con despliegue programado para el primer trimestre. La identificación de los sitios está completa, y la implementación de la red central 3G está programada para febrero. La empresa tiene como objetivo lograr un crecimiento sostenido del EBITDA y alcanzar el punto de equilibrio en el segundo trimestre de 2025.
NuRAN Wireless는 카메룬의 모바일 네트워크 운영자 파트너로부터 체납된 금액 788,000 CA$를 전액 지급받았습니다. 회사는 카메룬 사이트에 대해 2025년 1월 말까지 완료될 것으로 예상되는 수정된 사이트 수용 절차를 수립했습니다. 11월에 NuRAN은 평균 월 수익이 각 사이트당 4,300 CA$인 79개 사이트에 청구서를 발행했습니다.
회사는 183개 추가 사이트를 위한 자재 조달을 완료했습니다. 2024년 8월 이후 특히 위험물에 대한 새로운 수입 제한으로 인해 경영진은 rollout 계획을 지원하고 21개 추가 사이트를 추가하기 위해 국가 간 재고를 전환하고 있습니다. 카메룬의 뛰어난 성과를 감안할 때, 주요 배치는 카메룬에서 계속될 것이며, 2025년 2월에 새로운 사이트 확장을 계획하고 있습니다.
3G 시험 자재가 카메룬으로 운송 중이며, 배포는 1분기로 예정되어 있습니다. 사이트 식별이 완료되었으며, 3G 코어 네트워크 구현이 2월에 설정될 예정입니다. 회사는 지속적인 EBITDA 성장을 목표로 하고 있으며, 2025년 2분기에 손익 분기점을 달성하는 것을 목표로 하고 있습니다.
NuRAN Wireless a reçu un paiement complet de 788 000 CA$ pour des arriérés de la part de son partenaire opérateur de réseau mobile au Cameroun. L'entreprise a établi une procédure d'acceptation des sites révisée, qui devrait être terminée pour les sites camerounais d'ici la fin janvier 2025. En novembre, NuRAN a facturé 79 sites avec un revenu mensuel moyen de 4 300 CA$ par site.
L'entreprise a terminé l'approvisionnement en matériaux pour jusqu'à 183 sites supplémentaires. En raison de nouvelles restrictions à l'importation depuis août 2024, notamment pour les biens dangereux, la direction transfère les stocks entre les pays pour soutenir le plan de déploiement et ajouter 21 sites supplémentaires. Compte tenu de la performance exceptionnelle du Cameroun, les déploiements principaux continueront là-bas, avec de nouveaux déploiements de sites prévus pour février 2025.
Les matériaux d'essai 3G sont en transit vers le Cameroun, le déploiement étant prévu pour le premier trimestre. L'identification des sites est terminée et la mise en œuvre du réseau central 3G est prévue pour février. L'entreprise vise à atteindre une croissance continue de l'EBITDA et à atteindre l'équilibre au deuxième trimestre 2025.
NuRAN Wireless hat eine vollständige Zahlung in Höhe von 788.000 CA$ für ausstehende Rückstände von seinem Mobilfunknetzbetreiber-Partner in Kamerun erhalten. Das Unternehmen hat ein überarbeitetes Verfahren zur Annahme von Standorten festgelegt, das bis Ende Januar 2025 für die Standorte in Kamerun abgeschlossen sein soll. Im November hat NuRAN 79 Standorte mit einem durchschnittlichen monatlichen Umsatz von 4.300 CA$ pro Standort in Rechnung gestellt.
Das Unternehmen hat die Materialbeschaffung für bis zu 183 weitere Standorte abgeschlossen. Aufgrund neuer Importbeschränkungen seit August 2024, insbesondere für gefährliche Güter, verlagert das Management Bestände zwischen Ländern, um den Rollout-Plan zu unterstützen und 21 zusätzliche Standorte hinzuzufügen. Angesichts der außergewöhnlichen Leistung Kameruns werden die Hauptbereitstellungen dort fortgesetzt, mit neuen Standort-Rollouts, die für Februar 2025 geplant sind.
Die 3G-Testmaterialien sind auf dem Weg nach Kamerun, mit einer Bereitstellung, die für das erste Quartal geplant ist. Die Standortidentifizierung ist abgeschlossen, und die Implementierung des 3G-Kernnetzwerks ist für Februar vorgesehen. Das Unternehmen zielt darauf ab, ein kontinuierliches EBITDA-Wachstum zu erreichen und im zweiten Quartal 2025 den Break-even zu erreichen.
- Received CA$ 788,000 payment of outstanding arrears
- 79 sites invoiced in November with CA$ 4,300 monthly revenue per site
- Secured materials for 183 additional sites plus 21 extra sites
- Strong performance in Cameroon market
- New importation restrictions affecting delivery process since August 2024
- Breakeven not expected until Q2 2025
QUEBEC, QC / ACCESSWIRE / January 10, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTCQB:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce that it has received the full payment of an outstanding balance of arrears from its Mobile Network Operator (MNO) partner in Cameroon for an amount of approx. CA
The Company also reports that it has reached an agreement with its MNO partner on a revised site acceptance procedure. This process is now in place and is expected to be completed for the sites deployed in Cameroon by the end of January 2025. NuRAN invoiced 79 sites in November, with a monthly average revenue per site of CA
In addition, NuRAN is pleased to report that the purchase of materials necessary to build up to 183 additional sites has been completed. Since August 2024, the delivery process has been impacted by newly restrictive importation rules, especially concerning hazardous goods. To mitigate these rules, Management has taken steps to transfer inventories from other countries to Ivory Coast and Cameroon to support its rollout plan and add 21 sites to the 183 listed above. Since Cameroon's performance has exceeded even the most aggressive expectations, the main deployments will continue to occur in that country for the time being. As of today, the Company expects that the rollout of the new sites reliant on these materials shall begin in February, subject to their timely arrival.
The material for the initial 3G trial is also en route to Cameroon, with deployment planned for Q1. The identification of the sites has been completed, while the implementation of the 3G core network elements is scheduled for February.
"NuRAN remains focused on achieving continued EBITDA growth and reaching breakeven in Q2 2025. The entire team is fully committed to deploying as many sites as possible, as quickly as possible, given our current financial resources," stated Francis Letourneau, President and CEO at NuRAN Wireless Inc.
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
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 Company being able to provide services similar to other tower companies and the Factor providing adequate funding for the business in this period leading up to the securing of additional funding. 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 refinance its long term debt that is currently in default; NuRAN's ability to adequately restructure its operations with respect to its new model of NaaS service contracts; 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.sedarplus.ca.
SOURCE: Nuran Wireless Inc
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