NuRAN Wireless Secures New Lender Interest

Nuran Wireless (TSE:NUR) has released an update.

NuRAN Wireless Inc. has garnered interest from three new lenders to finance the expansion of its network infrastructure through its subsidiary, NuRAN Wireless Africa Holding, aiming to fund a significant portion of its contracted sites. The company is aligning efforts to secure both debt and equity financing while progressing on its current projects, including the ongoing development of 21 new sites in Cameroon. This move signifies a strategic effort to extend wireless network coverage in rural areas, potentially impacting over a billion people.

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