Business UpdateOct 16, 2026, 07:51 AM
NuRAN Wireless Targets 1,650 Sites, $15-20M Revenue by 2028
AI Summary
NuRAN Wireless Inc. announced that its CEO will attend Africa Tech Festival to meet with African telecom leaders. The company is advancing its tower rollout, activating 29 additional towers in October, and aims to expand its operating network to 1,650 sites by mid-2028, potentially generating US$15-20 million in annual revenue, contingent on financing. NuRAN currently holds over 5,000 towers under contract and is also developing energy and digital infrastructure revenue streams.
Key Highlights
- NuRAN Wireless CEO to attend Africa Tech Festival for meetings with telecom leaders.
- Company aims to expand operating network to 1,650 sites by mid-2028, subject to financing.
- Expanded network could generate US$15-20 million in annual telecommunications revenue in 2027.
- NuRAN currently has over 5,000 towers under contract with Orange and MTN across Africa.
- 29 additional towers were activated in October, demonstrating progress.
- Company is developing additional energy and digital infrastructure revenue streams through NuEnergy.
Price Impact
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