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NuRAN Wireless (NASDAQ:NUR) began trading on The Nasdaq Capital Market while simultaneously launching a new three-year, roughly US$5 million rural mobile network infrastructure project for a state-owned mobile network operator in West Africa. Its shares also continue to trade on the CSE and Frankfurt.
According to NuRAN, the West Africa project is planned to deploy more than 200 solar-powered 2G/4G rural sites under its Network-as-a-Service model, where NuRAN funds, builds, owns and operates sites and mobile operators pay over time. The company reports having over 5,000 sites under contract across eight African countries with Orange and MTN, alongside ongoing 2G/3G/4G rollouts in Cameroon, Democratic Republic of the Congo, Ivory Coast, Benin, Madagascar and Ghana.