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Firm Secures Contract to Bring Remote Wireless Access to Rural Africa

Source: Streetwise Reports

 

June 14, 2018 (Investorideas.com Newswire) Rural communities in a minimum of five sub-Saharan African countries will be outfitted with cellular connectivity under this agreement with Africa Mobile Networks.


NuRAN Wireless Inc. (NUR:CSE; NRRWF:OTC; 1RN:FSE), which installs GSM and LTE radio access networks (RANs) for a variety of applications, including provision of cellular telephone access to rural communities in the Third World, announced it will partner with Africa Mobile Networks to provide base stations enabling wireless connectivity in parts of sub-Saharan Africa.

The agreement begins with provision of service to up to five countries, but could include up to 13, according to the announcement, with the "potential of over 3,000 sites to be deployed in the initial five countries."

The release states, "The agreement stipulates that NuRAN will supply the OC-2G, a GSM basestation that was developed by NuRAN, and contributed to the Telecom Infra Project's OpenCellular initiative."NuRAN's OC-2G technology became commercially available in November 2017.

"The selection of NuRAN for deployment in such an important number of countries is a testament to Company's leading position as a supplier of mobile infrastructure solutions for rural and ultra rural and remote markets,"the company stated.

Michael Darcy, CEO of Africa Mobile Networks, praised the NuRAN base stations, commenting on the company's "ability to deliver carrier-grade performance with outstandingly low total cost of ownership."

Darcy also noted, "We have been running live networks with NuRAN equipment for over a year now, and have experienced levels of reliability we would expect of tier-one vendors."

"Financial Inclusion provides a community with the necessary tools to achieve so much,"Martin Bedard, CEO of NuRAN Wireless, stated in the release. "The key goal is to ensure that everyone has access to communications and all that it brings. . .We are embarking on an exciting journey connecting the unconnected in Africa in particular and around the world."

Disclosure:

1) Tracy Salcedo compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are sponsors of Streetwise Reports: NuRan Wireless. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with NuRan Wireless. Please click here for more information.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of NuRan Wireless, a company mentioned in this article.


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