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Completion of Phase 1 – 122 in Cameroon
Completion of 118 sites in the DRC by October
10 initials in South Sudan for September
Appointment of a new Director-General and Chief Operating Officer for Africa
QUEBEC CITY, QC / ACCESSWIRE / August 11, 2022 / NuRAN Wireless Inc. (“NuRAN Wireless”) (CSE:NUR) (OTC:NRRWF) (FSE:1RN), a leading provider of wireless broadband and cellular infrastructure solutions, is pleased to announce the resumption and revised schedule of site deployments in Cameroon, Democratic Republic of Congo and South Sudan.
The new site implementation schedule comes with the final touch of the first 122 sites in Cameroon in partnership with Orange Cameroon first announced in a press release dated October 29, 2020 through the end of October 2022. In addition, on March 11, 2021, NuRAN also announced that this contract has been expanded to incorporate 120 more sites for a total of 242 sites.
NuRAN will also resume site deployments in the DRC in partnership with Orange DRC with the planned final touch of 118 sites in the DRC that was first announced on 8 February 2021. The contract with Orange RDC covers a total of 2000 sites.
Finally, NuRAN will launch active sites in South Sudan with a total of 10 sites to deploy. The contract announced on December 21, 2021 with MTN South Sudan covers the deployment of a total of 250 sites, and more sites will be added.
“We are pleased to announce the resumption of site deployments in Africa. To date, NuRAN has had to fund all site deployments with enterprise-level capital. Our plan has been to finance site implementations basically through debt at the African level. While we await the launch of $27 million in African debt financing, we are pleased to be able to continue to implement more sites in the meantime. We look forward to accelerating the deployment of the site as all of our shareholders and stakeholders as we proceed to announce significant new contracts. Our purpose was to succeed at 10,000 contracted sites, and we are rapidly reaching that purpose with 3142 sites already under contract,” said Francis Letourneau, CEO and President of NuRAN Wireless Inc.
NuRAN has recently implemented 82 active sites in Cameroon (53) and DRC (2nine) covering a total population of approximately 487,000 people. With this new batch of sites to be deployed, NuRAN plans to have a total of 250 sites operational by the end of October 2022. In recent weeks, the Cameroon team has completed capacity improvements at nine of the 22 planned sites. The rest will be carried out in parallel with the plan of new structure for an optimization due to the proximity of the planned new sites.
NuRAN also announces a major reorganization of senior control. NuRAN is pleased to announce the appointment of Christian Marcoux as General Manager of operations Corporativas. Sr. Marcoux recently lives in the domain of Quebec City, Canada and is a bilingual control engineer with 28 years of technology experience. His experience includes leading the implementation of new business methods and more productive practices, i. e. when it comes to operations, new product development, sales and marketing. His abundant experience and know-how in coordination and control body of workers have allowed him to form strong groups that mobilize in the achievement of the expected results. Marcoux graduated from Laval University with a bachelor’s degree in engineering.
NuRAN is also pleased to announce the appointment of George Benson as Chief Operating Officer for Africa. Benson recently lives in Johannesburg, South Africa and has extensive experience in cellular network deployment and allocation engineering with over 28 years of experience and having worked in the UK, South Africa, Taiwan, Philippines, USA and The UK. USA, United Arab Emirates, Tanzania. y Zimbabue. Sr. Benson graduated from Heriot-Watt University with a Bachelor of Science in Planning.
“NuRAN aims for the next phase of company progression and implementations will be critical to our long-term success. The addition of Mr. Marcoux and Mr. Benson to our team will ensure a controlled and effective procedure that achieves our short- and long-term goal. “long-term purpose for sustained growth,” said Francis Letourneau, CHIEF Executive Officer and President of NuRAN Wireless Inc.
Mr. NuRAN would like to thank Mr. Gael Campan and Mr. Badi Abdallah for their efforts and committed service and wish them luck in their long-term efforts.
Due to short-term delays in unlocking debt financing, the control says it is now targeting the final touch of 400 sites through the end of December 2022, a minimum of 100 sites from its original target of 500 sites.
About NuRAN Wireless:
NuRAN Wireless is a leading rural telecommunications company responding to the demand for wireless network policy development in remote and rural spaces around the world. With its affordable, cutting-edge scalable responses to 2G, 3G, and 4G technologies, NuRAN Wireless provides more than a billion other people over long distances in an effective and affordable way. “Closing the virtual gap, one connection at a time. “
More information:
To learn more about NuRAN Wireless: www. nuranwireless. com
Francis Létourneau, Director and CEO Francis. letourneau@nuranwireless. comTel: (418) 264-1337
Frank Candido InvestisseursFrank. candido@nuranwireless. com Relationships: (514) 969-5530
Neither the Canadian Securities Exchange nor its market regulator (as in the policies of the Canadian Stock Exchange) accepts obligations for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release includes forward-looking statements. Forward-looking statements may be made known by the use of words such as “expects”, “is planned”, “anticipates”, “intends”, “believes” or variations of those words and expressions or state that certain actions, occasions or the effects ” can” or “will” be taken, occur or be achieved. Forward-looking statements in this press release include those related to securing 10,000 sites through 2026, the Company’s earnings and long-term earnings similar to the Company’s NAAS agreement and ongoing on-site installations, and earnings potential ancillary facilities in accordance with the Company’s distribution agreement. with Orange RDC and other telecommunications providers. Forward-looking statements are not promises of long-term functionality and are subject to threats and uncertainties that may also cause actual effects to differ materially from effects assigned, expressed or implied by such forward-looking statements. Although the Company has attempted to identify vital points that may also cause the actual effects to differ materially from those contained in the forward-looking data, there may be other points that cause the effects not to be as expected, estimated or anticipated. There can be no guarantee that such information will turn out to be accurate, as actual effects and long-term events may also differ materially from those expected in such statements, such as hazard-related uncertainties such as effect-related uncertainties. about the COVID-19 outbreak. 19. Matrix and measures to prevent its spread, threats to NuRAN’s business and the economy in general; NuRAN’s ability to properly restructure its operations with respect to its new NAAS service contract model; the Company’s ability to technically deliver and import shares into Africa at a moderate charge; NuRAN’s ability to address the global shortage of telecommunications devices and its ability to seek select suppliers; the Company’s ability to offload lease agreements with local landlords for the site facilities, NuRAN’s ability to offload allocation financing for the proposed site structure under its NAAS agreements with Orange, MTN and other telecommunications providers, the loss from one or more significant suppliers or significant volume relief with such suppliers; NuRAN’s ability to meet or exceed visitor demands and expectations; significant existing festival and the advent of new competition or other disruptive entrants in the Company’s industry; NuRAN’s ability to retain its key workers and protect its intellectual property; compliance with local laws and regulations and the ability to discharge permits required for our operations, access to credit and capital markets, adjustments in applicable telecommunications legislation or regulations, or adjustments in license fees and regulatory downturns in visitor business cycles; and insurance rates and availability of insurance coverage, the Company’s ability to maintain or update generation and data systems; our ability to put in place and maintain safeguards against cyber attacks and to comply with applicable privacy and knowledge security requirements; the Company’s ability to either enforce its business methods or achieve expected expense savings and profitability results; business progression activities, aggregating acquisitions and integrating acquired businesses; the company’s expansion into markets outside of Canada; and the operational, competitive and regulatory threats facing the Company’s operations abroad. Consequently, readers deserve not to place undue reliance on prospective data. Other items that may also materially such forward-looking data are described in the Company’s most recent annual MD&A threat items found on the Company’s profile on SEDAR at www. sedar. com.
To the extent forward-looking data contained in this news release constitutes “forward-looking money data” or “monetary outlook” within the meaning of applicable Canadian securities laws, such data is provided to demonstrate the Company’s expected earnings from from the facility of sites under its NAAS agreements and the reader is cautioned that such information may not be suitable for other purposes and the reader deserves not to place undue reliance on such prospective monetary information and monetary outlook. Forward-looking monetary data and monetary outlook, like forward-looking data in general, are based on, among other things, the assumptions and subject matter of hazards set forth in “Forward-Looking Information” above. The estimates included in this press release related to the calculation of the gross profit from the Company’s NAAS agreement are based on multiplying an average population consistent with the site by the expected penetration rate produced by the number of cellular visitors. This is then multiplied by the average consistent visitor revenue per month (ARPU) to get the total revenue. Direct prices from our spouse NAAS related to this source of profit are deducted and the resulting amount is shared between both parties. Revenue sharing only applies to earnings above a guaranteed amount which is the minimum paid to NuRAN. A penetration rate relief thing was used to mitigate the hazards. The baseline knowledge used to calculate the overall potential profit from this deal was provided through our NAAS spouses based on average population, penetration rate, and ARPU. The Company’s control believes that the estimates have been made on a conservative basis, reflecting the most productive estimates and judgments, and based on a series of assumptions that the control considers conservative, as well as data provided to the Company through our spouse. NAAS. However, since these data are very topical and hazard-related, in addition to the hazards discussed above, they do not deserve to be considered as necessarily indicative of long-term effects. Should one or more of these hazards or uncertainties materialize, or cause the assumptions underlying the estimates to prove incorrect, actual effects may differ materially from those described in this document as expected, planned, anticipated, believed, estimated or expected.
SOURCE: NuRAN Wireless Inc.
See the accesswire. com edition: https://www. accesswire. com/711717/NuRAN-Resumes-Site-Deployments-in-Africa