10 May 2022
MTN Namibia and Canadian telecom infrastructure provider NuRAN Wireless finalised an agreement signed in February for the deployment of a minimum of 150 telecom sites (2G, 4G and 2G/4G combined) in Namibia.
The 10-year agreement aims to provide mobile connectivity solutions through NuRAN’s Network-as-a-Service (NaaS) model, in a bid to expand the operator’s network presence in rural and suburban areas of the country.
The agreement is estimated to represent approximately US$60m in revenue over the life of the contract, assuming the 150 sites are completed. Under the terms of the agreement, the number of sites may be increased and will fluctuate as the project progresses. This will depend on factors such as penetration rate, average revenue per user (ARPU) and network charges that will be refined.
“We continue to make progress toward our goal of 10,000 contracted sites and the addition of these significant revenues to our projections will reinforce the growing core value and help solidify NuRAN as the leading provider of mobile connectivity for rural and remote areas in Africa and ultimately around the world,” said Francis Letourneau, president and CEO of NuRAN Wireless.
At the signing of the memorandum of understanding (MoU) in February, MTN Namibia chief executive officer Elia Tsouros said: “This is the beginning of an even greater infrastructure rollout in the country, offering unprecedented communication services in Namibia. These projects will also create opportunities for small local businesses to partner with MTN as we continue to expand our footprint.”