NuRAN Wireless secures US$9m for financing of projects in DRC and Cameroon

DRC – NuRAN Wireless Inc., a leading rural telecommunications company, has announced the receipt of a second mandate letter for a senior secured credit facility with a development finance institution (DFI) that provides up to US$9 million in total funding. The purpose of the Loan Facility is to finance a portion of NuRAN’s planned US$30 million of expenditures linked to…

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Telecoms company NuRAN Wireless secures US$15m loan facility for its project expenditures

DRC – NuRAN Wireless Inc., a specialist rural telecommunications company, has announced that it has secured US$15 million in senior secured credit facility with a development finance institution (DFI). The purpose of the Loan Facility is to finance a portion of NuRAN’s planned US$30 million of expenditures linked to the installation of network infrastructure roll-out promoted by NuRAN in 120…

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NuRAN signs network rollout agreement with MTN in South Sudan

SOUTH SUDAN – NuRAN Wireless Inc., a leading supplier of mobile and broadband wireless infrastructure solutions, announced it has signed a Memorandum of Understanding with MTN for the deployment of rural sites under the network-as-a-service model (“NAAS”) in South Sudan for the deployment of sites through the build, own, operate, and transfer (“BOOT”) revenue share model. According to a NuRAN…

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Israeli’s Spacecom set to acquire 9.3% stake in Nuran Wireless

AFRICA – Spacecom, an Israeli satellite operator, is buying a 9.3% stake in rural connectivity provider Nuran Wireless to deepen its presence across Africa. The US$3.2 million deal includes exclusive rights for providing satellite capacity and bandwidth to Canada-based Nuran’s future operations in Africa, where Spacecom provides services with its Amos-17 spacecraft. It also covers managed services contracts Nuran has…

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