NuRAN Wireless Activates 29 Towers In October; Sites Advance Conversion Of Its Contracted Backlog Of 5K+ Towers Into Operating Assets And Recurring Revenue

The sites advance the conversion of NuRAN's contracted backlog of more than 5,000 towers into operating assets and recurring revenue. NuEnergy is being developed as a dedicated platform for the solar, battery-storage and hybrid power systems supporting NuRAN's network, with the objective of improving site economics, increasing asset utilization and creating complementary recurring revenue opportunities.NuRAN has more than 5,000 tower under contract with Orange and MTN across eight countries, representing expected revenues exceeding US$900 million over five- to ten-year contract terms and continues to build its pipeline. This backlog provides a foundation for long-term recurring revenue growth as the Company activates additional sites and expands its operating base. The underlying market opportunity remains substantial: World Bank data indicate that approximately 731 million people, or 55% of the region's population, lived in rural Sub-Saharan Africa in 2025. According to the GSMA's State of Mobile Internet Connectivity 2024, 13% of the population in Sub-Saharan Africa remained outside mobile-internet coverage, while a further 60% lived within a coverage area but did not use mobile internet leaving 40% of the population without connectivity.The GSMA notes that the coverage gap is concentrated predominantly in rural and sparsely populated areas, where conventional network expansion remains economically challenging. NuRAN's integrated model combines low-power mobile infrastructure with solar, storage and hybrid power systems designed for these deployment conditions. Through NuEnergy, the Company intends to use its installed infrastructure, customer relationships and operating footprint to improve power reliability at its sites and pursue complementary energy revenues without duplicating its existing market-entry platform.NuEnergy's initial mandate is to provide dependable, competitively priced power for NuRAN's network infrastructure and planned edge-computing facilities. As the platform develops, and subject to local demand, regulation and commercial feasibility, the Company intends to evaluate energy services for nearby customers. These services could create incremental revenue and increase the economic contribution of each deployed site.Target ServicesPower-as-a-Service for NuRAN sites: reliable, competitively priced electricity from solar, battery-storage and hybrid systems for rural connectivity infrastructure.Community charging services: charging hubs for mobile phones and other small devices used by households, merchants and local institutions.Local energy services: power supplied, where commercially viable and permitted, to nearby homes, businesses, community facilities and other third-party customers.Productive-use energy: daytime electricity for shops, small businesses, agricultural users, charging operators and local institutions.Telecom ESCO services: financing, deploying, owning and operating power systems for mobile network operators and other telecommunications infrastructure customers under long-term service arrangements.Edge-computing power infrastructure: dependable, scalable and renewable-enabled power for EDGE AI nodes, data-processing facilities and other distributed digital infrastructure.Energy asset management: operation, monitoring and optimization of solar, storage and hybrid systems to improve uptime, asset utilization and lifecycle economics.NuEnergy: Expanding Infrastructure MonetizationGrowth in mobile connectivity, digital services and distributed computing is increasing demand for reliable, cost-effective power infrastructure across Africa. NuEnergy intends to pursue opportunities in remote and underserved communities where grid access is limited or unavailable, as well as in peri-urban, industrial and other locations where power quality, capacity or reliability constrain telecommunications and digital infrastructure.Community charging represents an initial potential market in areas where household electricity access remains constrained. Verified Market Research estimated the global mobile phone charging-station market at approximately US$6.3 billion in 2023 and projected it to reach approximately US$25.2 billion by 2031, representing a compound annual growth rate of approximately 21.8%. Charging hubs located near NuRAN sites could serve consumers, merchants and institutions while supporting greater use of voice, data, mobile-money and other digital services. Subject to local demand and commercial feasibility, these hubs could also provide a platform for additional energy services.NuEnergy also intends to assess an Energy Service Company ("ESCO") model under which it could finance, deploy, own and operate solar, storage and hybrid power systems for mobile network operators and other telecommunications infrastructure customers. Industry research estimates the African telecom-tower and allied-infrastructure market at approximately US$4.46 billion in 2025 and projects it to reach approximately US$7.82 billion by 2035, a compound annual growth rate of approximately 6.2%. Renewable-powered tower sites have been projected to grow at approximately 11.7% annually through 2031. Long-term energy-service arrangements could reduce customers' upfront capital requirements, diesel consumption and exposure to power interruptions while creating contracted recurring revenue for NuEnergy.NuEnergy also intends to evaluate power infrastructure for distributed EDGE AI computing nodes. Industry estimates indicate that Africa's edge data-centre market could grow from approximately US$1.7 billion in 2025 to approximately US$4.2 billion by 2031, representing a compound annual growth rate of approximately 10.6%. These facilities require dependable, scalable and increasingly renewable power close to where data is generated and processed. Supporting nodes at telecommunications sites and other strategic locations could extend NuEnergy's addressable market beyond rural connectivity into localized computing, data processing and digital services.