Business UpdateNov 5, 2026, 09:28 AM
NuRAN Wireless Targets $900M+ Revenue from 5,092 African Towers
AI Summary
NuRAN Wireless Inc. is highlighting its strategic shift towards a Network-as-a-Service (NaaS) model, targeting Africa's rural connectivity market. The company has secured contracts for 5,092 towers across eight African countries, representing an estimated US$900 million in revenue over their contractual terms. With 300 towers currently operational, NuRAN reported significant growth in network-generated revenue (126.44% YoY) and active users (48.64% YoY). The company plans to expand its operational footprint to 10,000 towers within five years, aiming to capture a substantial share of the growing African telecom tower market.
Key Highlights
- NuRAN Wireless Inc. targets Africa's rural connectivity with over US$900 million in estimated contract revenue from 5,092 contracted towers.
- The company has approximately 300 operational towers across five African countries, with 29 additional activations in October 2026.
- Network-generated revenue grew 126.44% over the past 12 months, averaging US$1,356 per operational tower.
- Monthly active users grew 48.64% over the past 12 months to over 180,000.
- NuRAN's Network-as-a-Service (NaaS) model finances, builds, owns, and operates mobile network infrastructure.
- The company aims to deploy 10,000 towers within the next five years, representing over 7.5% of projected market growth.
Price Impact
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