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NuRAN Wireless Inc. (NRRWF) is a prominent player in the mobile and broadband wireless infrastructure solutions market. The company recently secured an $800K credit facility from a local bank in Cameroon to support site deployment, has completed 19 new sites, and upgraded 5 sites in Africa. NuRAN Wireless specializes in providing affordable 2G, 3G, and 4G technologies to bridge the digital divide.
With a focus on enabling effective communication over long distances, NuRAN Wireless aims to connect over a billion people worldwide. The company's collaborations with major industry players like MTN highlight its commitment to expanding network coverage and empowering underserved communities.
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NuRAN Wireless Inc. has received a non-binding Letter of Intent for up to US$15M debt financing from a Development Financial Institution. The proposed debt financing is for a 7-year period, including a 2-year grace period to complete the construction of new sites. Additionally, NuRAN has transitioned a previously announced Mandate Letter into a term sheet for a US$5M loan. These funds will be used to build more rural and remote mobile sites within Africa, with the expectation of accelerating site deployment throughout 2024 and beyond.
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NuRAN Wireless Inc. appoints former MTN Group Network Executive, Navindran Naidoo, to the Board of Directors and strategic committee. Naidoo's 25 years of telecommunications experience and extensive industry connections in Africa are expected to bring tremendous value to NuRAN and its stakeholders. Naidoo's expertise in network planning, optimization, and rural network rollout, along with his academic qualifications, make him a valuable addition to the company.
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NuRAN Wireless Inc. announces the deployment of 21 additional sites in Cameroon and capacity upgrades to 5 sites, resulting in a 50% increase in revenues since September. The company reports that 84% of the sites have surpassed the guaranteed minimum revenue stipulated in the contract with Orange, with over 10% of the sites generating over US$5000 of gross revenue monthly. The remaining investment required to complete this build is approximately US$4600 per site and will be deployed over the next 2 months, funded by cashflow generated in the country.
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NuRAN Wireless Inc. (CSE:NUR)(OTCQB:NRRWF)(FSE:1RN) signs a non-binding Mandate Letter for a US$ 5M loan agreement and extends a Convertible Debenture with a strategic investor.
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NuRAN Wireless Inc. (CSE:NUR)(OTCQB:NRRWF)(FSE: RN) has announced an extension of a bridge loan for US$1.5 million, an update on the factoring agreement, and an update on the secured convertible debentures.
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NuRAN Wireless Inc. (CSE:NUR)(OTC:NRRWF)(FSE:1RN) has completed its application for a network infrastructure license in the Democratic Republic of the Congo, allowing for expansion of the business model and the addition of VSAT services. The company has also received indicative term sheets for a CA$40 million share subscription facility, a US$10M structured debt instrument, and a US$800 thousand credit facility for accelerated rollout in Cameroon.
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NuRAN Wireless provides corporate update on business including Cameroon Operating License and amendment to Factoring Agreement.
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NuRAN Wireless Inc. enters into factoring agreement for sale of receivables and restructures convertible debentures
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FAQ
What is the current stock price of Nuran Wireless (NRRWF)?
The current stock price of Nuran Wireless (NRRWF) is $0.05 as of February 25, 2025.
What is the market cap of Nuran Wireless (NRRWF)?
The market cap of Nuran Wireless (NRRWF) is approximately 3.1M.
What recent achievement did NuRAN Wireless announce?
NuRAN Wireless secured an $800K credit facility to support site deployment in Africa.
What technologies does NuRAN Wireless specialize in?
NuRAN Wireless specializes in providing affordable 2G, 3G, and 4G technologies.
How many sites has NuRAN Wireless completed recently?
NuRAN Wireless has completed 19 new sites and upgraded 5 sites in Africa.
What is the core mission of NuRAN Wireless?
NuRAN Wireless aims to bridge the digital divide by enabling effective communication over long distances.
Which major industry player has NuRAN Wireless partnered with recently?
NuRAN Wireless has signed a significant agreement with MTN to deploy 250 sites in Africa under the NaaS business model.
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