Nuran Wireless (TSE:NUR) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
NuRAN Wireless Inc. has secured a $15 million senior secured credit facility from a Global Asset Management Company to expand its telecommunications infrastructure across Africa. This strategic financial move, with an option to scale up to $70 million, is set to accelerate network installations in countries including Cameroon, DRC, Ivory Coast, and Madagascar. The seven-year loan, with a two-year grace period and a fixed interest rate, aims to support NuRAN’s growth and facilitate economic development in the region.
For further insights into TSE:NUR stock, check out TipRanks’ Stock Analysis page.
