NuRAN Wireless Board Approves Growth Strategy to Scale Recurring Revenue from 5,000+ Contracted Towers
Key Highlights
- ➤NuRAN targets approximately 2,000 cumulative towers by end-2028
- ➤NuRAN has more than 5,000 towers under contract
- ➤Proposed US$12 million senior debt facility remains uncommitted
- ➤Board requires a 90-day validation period before further capital commitment
- ➤Potential ATM financing remains subject to market conditions and dilution review
Expert Statements
Francis Létourneau, President and Chief Executive Officer of NuRAN Wireless
“Our opportunity is to convert more than 5,000 contracted towers into a growing, revenue-producing digital infrastructure asset”
Francis Létourneau, President and Chief Executive Officer of NuRAN Wireless
“The Board has aligned our priorities around what investors can measure: towers deployed and accepted, network performance, revenue maximization per tower and prudent use of capital.”
Francis Létourneau, President and Chief Executive Officer of NuRAN Wireless
“Our objective of approximately 2,000 cumulative towers by the end of 2028 gives us a clear execution benchmark, while NuEnergy and NuRAN EDGE create potential upside that we will pursue only when the economics are supported.”
Francis Létourneau, President and Chief Executive Officer of NuRAN Wireless
“Financing and disciplined delivery will determine the pace of growth.”
QUEBEC, QC / ACCESS Newswire / November 11, 2026 / NuRAN Wireless Inc. (Nasdaq:NUR) (link)(FSE:1RN) (link) ("NuRAN" or the "Company"), a provider of rural connectivity infrastructure in Africa, today announced that its Board of Directors has approved a strategic growth plan focused on converting its contracted Network-as-a-Service ("NaaS") portfolio into a larger base of recurring infrastructure revenue. The plan targets approximately 2,000 cumulative towers by the end of 2028 and establishes a disciplined approach to financing, deployment and the phased development of complementary infrastructure businesses. The target is subject to financing, execution and other conditions.
With more than 5,000 towers under contract, NuRAN's principal opportunity is to turn contracted demand into operating towers, recurring revenue and, over time, stronger cash generation. The Board reviewed the Company's deployment pipeline, operating capabilities, funding requirements and adjacent growth opportunities. Capital deployment will be prioritized according to site economics, operational readiness, financing availability and regulatory and contractual requirements, under ongoing Board oversight.
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