NuRAN Wireless Inc., a leading supplier of mobile and broadband wireless infrastructure solutions, has announced the deployment of 21 additional sites in Cameroon as well as capacity upgrades to 5 sites.
Following the continued improving and impressive site performance over the last quarter, NuRAN Cameroon is moving forward with additional site deployments. The current 79 sites in Cameroon are generating important operating cashflow with revenues having increased by over 50% since September and surpassing previous projections. 84% of the sites have surpassed the guaranteed minimum revenue stipulated in the contract with Orange and the Company reports that over 10% of the sites are now generating over US$5000 of gross revenue with the top site now averaging US$7200 monthly.
NuRAN’s global Network Operations Centre (NOC) allows the operations team to closely monitor site performance which has allowed it to pinpoint the criteria necessary for high performing sites.
With over 24 months of historical data, the operations team in charge of site selection and acquisition has established the “formula” for high performing sites which has significantly mitigated the risk of deploying non-performing sites. Both Orange and NuRAN have agreed to relocate 5 non performing sites to better locations and this action is expected to take place after the site deployments and site upgrades.
The Company has now launched the build of 21 sites and capacity upgrade on 5 sites. The remaining investment required to complete this build is approximately US$4600 per site and will be deployed over the next 2 months. This build is being funded by cashflow generated in country to deploy equipment previously paid for in inventory and ready to be deployed. The expected payback on typical site CAPEX investment is now projected at approximately 16 months while recent capacity upgrade spend is expected to be recovered in less than 2 months.