Spacecom, the satellite services provider and owner-operator of the AMOS satellite fleet, announced it has signed a strategic cooperation agreement with NuRAN Wireless, including a $USD 3.2 million investment to acquire 9.3% in the company.
NuRAN’s satellite-based wireless communications solutions enable mobile wireless operators (MNOs) to efficiently deploy sites to generate network coverage in hard-to-reach and rural regions where infrastructure is neither economically feasible nor cost-efficient.
The partnership agreement grants Spacecom exclusive rights to provide satellite capacity and bandwidth for all future NuRAN African operations. This includes NuRAN’s recently won large, long-term contracts to expand Orange’s MNO satellite network coverage for its Cameroon and Democratic Republic of Congo (DRC) operations. These deals, and all future ones, will utilize Spacecom’s AMOS-17 advanced, digital satellite whose characteristics deliver significant advantages for Africa. Spacecom’s expected potential annual revenue from these deals is between USD two to three million, depending on the deals’ progress.
Dan Zajicek, Spacecom CEO
I am happy and proud of our joint agreement with NuRAN Wireless to provide communications to remote regions and low-density population areas in Africa. This initiative represents an additional strategic step by Spacecom to bridge the continent’s digital divide.
Francis Letourneau, CEO of NuRAN Wireless
This strategic partnership between NuRAN Wireless and Spacecom is vital to bridge the digital gap. The companies’ combined expertise and experience will ignite the potential of the rural market. Over one-third of the African population needs mobile and broadband connectivity that leads to significant growth to be captured.
