NuRAN Wireless (CSE: NUR) may have a potentially significant contract on its hands this morning. That is, of course, dependent upon your interpretation of a vague news release issued by the company this morning related to a large request for proposal, or RFP, for mobile sites across the middle east.
The release itself, which states that the company was “selected by a tier 1 mobile network operator as part of its rural RFP,” does not provide much in terms of clarity on where NuRAN stands on the matter. Social media has interpreted the release as two different potential outcomes, the first being that the tier 1 operator has included NuRAN in a proposal it is submitting for a project, while the second interpretation is that NuRAN was selected as part of an RFP and will in fact be proceeding with deploying its tech across the middle east.
The Dive has reached out to NuRAN for further clarification on the status of the RFP.
The request for proposal is said to be for “thousands of network sites,” with the sites said to span 15 separate countries. Collectively, the operation is said to have a population coverage of over 50 million persons, presenting ample opportunity for NuRAN should its tech be deployed.
The company is reportedly working towards a general framework agreement that is intended to set global terms, which will then be followed by a NaaS services agreement with subsidiaries in each country to confirm how many sites are under contract for the company with the operator. NuRAN has also stated that there are no assurances a general framework plan will be entered “as planned, or at all” however.
“This selection provides NuRAN with a seat at the table with a significant Tier 1 mobile operator with the potential to accelerate our projected hyper revenue growth and long-term profitability,” commented CEO Francis Letourneau.
NuRan Wireless last traded at $0.89 on the CSE.
Information for this briefing was found via Sedar, and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
