Quebec, QC, Canada, April 14th, 2020 – NuRAN Wireless Inc. (“NuRAN Wireless”) (CSE: NUR) (OTC: NRRWF) (FSE: 1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, announces it has signed a preliminary agreement with an undisclosed tier-one mobile operator for the deployment of rural sites under a network-as-a-service model, also referred to by NuRAN as “Mobile Network Enabler”, or “MNE”.
Through its MNE model, NuRAN facilitates network expansion for mobile operators by taking in charge the build, operation, and maintenance of cellular sites, along with associated capital expenditures. The sites are then monetized by providing connectivity on an as-a-service basis. Leveraging its carrier-grade mobile network infrastructure solutions as well as its extensive expertise in the build of cost-effective cellular infrastructure, NuRAN is able to setup network operation from the ground up with better return on investment. While deployments under the MNE model require the Company to make upfront investments, they generate significant value whereby NuRAN benefits from long-term recurring revenues with compelling returns. By expanding its offering in such a way, the Company is responding to the increasing client demand and global trend for fully-managed, outsourced network infrastructure.
The signed preliminary agreement confirms the intent of NuRAN and the tier-one mobile operator to engage into a network expansion project and lays out the commercial parameters under which the parties plan to enter into. The agreement allows NuRAN to further its network build strategy while the terms of the definitive contract are being finalized.
No regulatory authority has approved or reviewed the contents of the information contained in this news release.