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NuRAN & Raeanna Join Forces to Expand Mobile Connectivity in Africa

Tickers: XCNQ:NUR, PINX:NRRWF
Tags: #Technology, #Telecommunications



Quebec, QC, Canada, & Lagos, Nigeria - TheNewswire - November 12th, 2019 - NuRAN Wireless Inc. ("NuRAN Wireless") (CNSX:NUR.CN) (OTC:NRRWF) (FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, and Raeanna Nigeria Limited ("Raeanna"), a leading telecommunication infrastructure service provider and wholesale operator in Nigeria and the African sub-region, announce their collaboration to expand mobile connectivity in Africa.

The collaboration leverages Raeanna's extensive expertise in setting up and operating telecommunications infrastructure in rural Africa communities, and NuRAN's proven mobile wireless solutions, resulting in best-in-class capabilities to deploy cellular sites cost-effectively and maximize return on investment.

In today's announcement by MTN Group, NuRAN was mentioned as partner for MTN's rural expansion project, whose projections are to deploy more than 5,000 sites by end of 2020 across Africa, bringing 2G, 3G, and 4G connectivity to all rural communities.

"NuRAN's radio access solutions have helped us achieve a much faster and better return on investment, compared to using the solutions from traditional vendors. This has been achieved while still providing the high grade of service that is expected by Mobile Network Operators, both of which are key factors in operating a successful wholesale network operator business", stated Tunji Alabi, Executive Director for Raeanna.

"Throughout the years, Raeanna has developed a strong expertise and capability in the rollout of mobile infrastructure for rural connectivity. We trust that the collaboration between our companies will result in successful at-scale deployments to connect The Next Billion", stated Maxime Dumas, President & CEO of NuRAN Wireless.

About NuRAN Wireless

NuRAN Wireless is a leading supplier of mobile and broadband wireless infrastructure solutions. Its innovative radio access network (RAN), core network, and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for established, as well as emerging mobile network operators. Indoor coverage, isolated rural communities, offshore platforms and ships, NuRAN Wireless helps its customers reach everyone, everywhere.

About Raeanna

Raeanna Nigeria Limited is a telecommunication infrastructure service provider in Nigeria and the African sub-region. Founded in 2001 as a telecom's infrastructure provider, Raeanna has grown steadily to become a licensed colocation service provider and leader in the provision of rural telephony solutions and services across Nigeria. As an innovative technology company, our mission to connect hamlets and villages within Africa, has become the bedrock of the organization. We are committed to technology advancement across Africa.

For further information about NuRAN Wireless;

www.nuranwireless.com

Maxime Dumas
President & CEO
info@nuranwireless.com
(418) 914-7484

Mark Berry

markberry@rogers.com

(416) 200-6768

Forward Looking Statements

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the timing of the Offering, the use of proceeds from the Offering, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NuRAN Wireless Inc., as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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