ACCESS Newswire·Nov 5, 2026, 8:00 AM ET

NuRAN Targets Africa's Rural Connectivity Opportunity with More Than US$900 Million in Estimated Contract Revenue

NUR

NuRAN Wireless Inc. has evolved from an equipment manufacturer to a Network-as-a-Service operator with 5,092 contracted towers across eight African countries.
The contracted portfolio represents over US$900 million in estimated revenue based on terms ranging from five to ten years.
Approximately 300 towers are currently operational across five countries, with 29 additional activations announced in October 2026.
Network-generated revenue grew 126.44% over the past 12 months, reaching a monthly average of US$1,356 per operational tower.
The company covers a population of more than 1.3 million people with 439,741 mobile devices connected to its network.
Monthly active users increased by 48.64% to over 180,000, while monthly voice calls totaled approximately 90 million.
NuRAN aims to reach 10,000 towers within the next five years, which would account for over 7.5% of the projected total market growth in Africa.
The company partners with major mobile operators like Orange and MTN to finance, build, own, operate, and maintain infrastructure while partners provide end-user services.
A February 2021 NaaS agreement with Orange covers the planned deployment of 2,000 towers in the Democratic Republic of the Congo with up to CAD$500 million in estimated gross revenue.
NuEnergy, a wholly owned subsidiary, focuses on developing integrated solar, storage, and hybrid power systems to address electricity constraints in rural areas.
The company's technology supports 2G, 3G, and 4G networks, acknowledging that 52% of African mobile connections relied on 2G or 3G in 2024.
NuRAN's infrastructure facilitates mobile money transactions, which totaled US$1.4 trillion in Sub-Saharan Africa in 2025.
Current operational towers represent about 6% of the total contracted portfolio, leaving significant room for revenue expansion through further activations.