NuRAN signs ten-year USD60m 4G contract with MTN Namibia

21 Apr 2022

Canadian telecom infrastructure provider NuRAN Wireless has finalised an agreement signed with MTN Namibia in February for the deployment of a minimum of 150 sites (2G, 4G and 2G/4G combined) in the country within the next 24 months. The ten-year deal aims to provide mobile connectivity solutions through NuRAN’s Network-as-a-Service model and will expand MTN’s network presence in rural and suburban areas of the country.

NuRAM estimates the deal represents approximately USD60 million in revenues over the course of the contract, assuming that the minimum 150 sites are completed. This sum will be subject to expenses including satellite bandwidth, site lease, network operation centre running costs, curative and preventative maintenance fees, project management and monitoring fees, and insurance. Fees for the Naas services provided by NuRAN under the agreement are paid on a revenue sharing model basis with a minimum guaranteed revenue per site. Under the terms of the agreement, the number of sites may be increased and will fluctuate as the project is under way, subject to factors such as penetration rate, ARPU and network charges to be further refined.

Francis Letorneau, CEO of NuRAN Wireless, stated: ‘We are extremely pleased to have added Namibia to our growing portfolio of African countries. We are even more pleased to have announced our first 4G contract with MTN Namibia. We continue to drive forward towards our goal of 10,000 sites under contract and adding these important revenues to our projections will further enhance of growing fundamental value and help to solidify NuRAN as a leading provider of mobile connectivity to rural and remote regions throughout Africa and ultimately the world.’

MTN launched TD-LTE mobile services in 2019 and now covers Windhoek, Swakopmund, Walvis Bay, Ondangwa, Rehoboth, Oshakati, Okahandja and Otjiwarongo.

Namibia, MTN Business (Namibia), NuRAN Wireless