Company targets 1,650 operating sites with potential to generate US$15-20 million in annual revenue, while pursuing expansion toward 10,000 contracted towers and developing additional energy and digital infrastructure revenue streams
QUEBEC, QC / October 16, 2026 / NuRAN Wireless Inc. (NASDAQ:NUR)(FSE:1RN) (“NuRAN” or the “Company“), a leading provider of rural connectivity infrastructure in Africa, today announces that Chief Executive Officer Francis Létourneau plans to attend Africa Tech Festival in Cape Town, South Africa, November 17-19, 2026, for meetings with mobile network operators, government representatives and potential infrastructure partners.
The meetings come as NuRAN advances its African tower rollout, including the activation of 29 additional towers in October. With more than 5,000 towers under contract with Orange and MTN across eight countries in Africa, the Company is focused on converting its contracted portfolio into operating infrastructure and recurring revenue while pursuing its longer-term objective of reaching 10,000 contracted sites.
Subject to financing, NuRAN is targeting an expansion of its operating network from approximately 300 sites to 1,650 sites by mid-2028. Based on management’s deployment and site-revenue assumptions, this expanded network could generate approximately US$15-20 million in telecommunications revenue in 2027. Achieving this target will depend on financing availability, deployment timing, the number of revenue-generating months per site and operating performance.
Advancing Toward a Larger Revenue-Generating Network
“NuRAN is approaching an important inflection point as we work to convert our contracted tower portfolio into a substantially larger operating network,” said Francis Létourneau, Chief Executive Officer. “The activation of 29 additional towers in October demonstrates progress. Our next priority is to build a sustained deployment cadence toward 1,650 operating sites and the recurring revenue that scale could support.”
Through its Network-as-a-Service model, NuRAN finances, builds, owns, operates and maintains rural mobile infrastructure for mobile network operators. As additional sites enter service, the Company expands its revenue-generating footprint under long-term customer agreements.
The planned meetings in Cape Town will focus on advancing towards the company’s objective.
About NuRAN Wireless
NuRAN Wireless Inc. (NASDAQ:NUR)(FSE:1RN) is a rural telecommunications infrastructure company connecting remote and underserved communities across Africa. Through its Network-as-a-Service model, NuRAN finances, builds, owns, operates and maintains 2G, 3G and 4G mobile network infrastructure for mobile network operators seeking to expand coverage outside urban markets.
NuRAN has more than 5,000 sites under contract, a portion of which are built and operating. The Company combines telecommunications engineering, low-power wireless technology, renewable-energy-enabled infrastructure, site selection and field operations to address the economic and technical challenges of rural mobile coverage. Through NuEnergy, its wholly owned subsidiary, NuRAN is also developing a platform to own and operate solar, storage and hybrid power systems across its African footprint.