NuRAN Wireless Receives Payment and Plans Expansion in Cameroon

NuRAN Wireless Inc., a key supplier in mobile and broadband wireless infrastructure, has confirmed receipt of CA$ 788,000 from its MNO partner in Cameroon. This payment clears outstanding arrears and marks a positive financial step for the company. In addition to settling debts, NuRAN has revised its site acceptance procedure with this partner, expecting completion by the end of January 2025 for deployed sites.

The company is advancing its infrastructure by acquiring materials to establish up to 183 new sites, alongside an additional 21, demonstrating significant growth intentions. This expansion is focused in Cameroon, where performance has surpassed forecasts. Initial steps in constructing these new sites will commence in February, dependent on timely delivery of materials.