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Nuran Wireless ( (TSE:NUR) ) has issued an update.
NuRAN Wireless Inc. announced the receipt of CA$ 788,000 from its Mobile Network Operator partner in Cameroon, settling outstanding arrears. The company has also agreed on a revised site acceptance procedure and completed the purchase of materials for 183 additional sites, with plans to add 21 more. Despite challenges from new importation rules, NuRAN is progressing with its rollout in Cameroon, focusing on rapid deployment to achieve EBITDA growth and breakeven by Q2 2025.
More about Nuran Wireless
NuRAN Wireless is a leading rural telecommunications company providing mobile and broadband wireless infrastructure solutions, focusing on delivering scalable 2G, 3G, and 4G technologies to remote and rural regions globally. The company aims to bridge the digital divide by offering affordable and innovative communication solutions to over a billion people.
YTD Price Performance: -6.25%
Average Trading Volume: 108,561
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.38M
For a thorough assessment of NUR stock, go to TipRanks’ Stock Analysis page.
