en.Wedoany.com Reported - Rural connectivity solutions provider NuRAN Wireless announced the signing of a mandate letter with the Afrigreen Debt Impact Fund for up to $12 million in senior debt financing to accelerate the deployment of mobile and broadband infrastructure in multiple African countries.

Described by NuRAN as the company's largest financing milestone to date, this funding is structured as a multi-country, multi-currency, multi-tranche facility through NuRAN Wireless Africa Holding. The financing aims to unlock the next wave of site development, providing 2G, 3G, and 4G coverage to communities long overlooked by traditional telecom operators.

NuRAN stated that the mandate letter represents a key advancement in its mission to connect over one billion underserved people globally. Recent operational highlights include the successful deployment of the first communication towers in Côte d'Ivoire, with new sites equipped with advanced 4G transmission technology, delivering high-speed mobile connectivity for the first time to underserved rural communities. Meanwhile, NuRAN has begun rolling out 3G technology in Cameroon to meet growing demand for higher data capacity and enhanced connectivity.

Francis Létourneau, Director and CEO of NuRAN, said that the mandate letter signed with Afrigreen marks significant progress in the company's growth strategy. Combined with the expansion into Côte d'Ivoire and the 3G upgrade in Cameroon, the company is advancing execution on multiple fronts.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com