{"id":57169,"date":"2021-06-30T20:57:20","date_gmt":"2021-06-30T12:57:20","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/spacecom-buys-in-to-canadian-company-to-boost-position-in-africa\/"},"modified":"2021-06-30T20:57:20","modified_gmt":"2021-06-30T12:57:20","slug":"spacecom-buys-in-to-canadian-company-to-boost-position-in-africa","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/spacecom-buys-in-to-canadian-company-to-boost-position-in-africa\/","title":{"rendered":"Spacecom Buys in to Canadian Company to Boost Position in Africa"},"content":{"rendered":"<\/p>\n<p><strong>Spacecom <\/strong>has bought into Canadian communications company,<strong> NuRAN Wireless <\/strong>as it looks to boost its market position in Africa, the company announced June 29. Spacecom has signed a strategic cooperation agreement with NuRAN Wireless including a $3.2 million investment, acquiring 9.3% of NuRAN\u2019s equity.<\/p>\n<p>The partnership agreement grants Spacecom exclusive rights to provide managed services and satellite capacity for all future NuRAN African operations. This includes NuRAN\u2019s recently won large, long-term contracts to expand <strong>Orange<\/strong>\u2019s Mobile Network Operator (MNO) satellite network coverage for its Cameroon and Democratic Republic of Congo (DRC) operations. These deals, and all future ones, will utilize Spacecom\u2019s AMOS-17 satellite. Spacecom\u2019s expected potential annual revenue from these deals is between $2 million to $3 million.<\/p>\n<p>NuRAN\u2019s satellite-based wireless communications solutions enable MNOs to deploy sites to generate network coverage in hard-to-reach and rural regions where infrastructure is neither economically feasible nor cost-efficient.<\/p>\n<p>\u201cThis strategic partnership between NuRAN Wireless and Spacecom is vital to bridge the digital gap. The companies\u2019 combined expertise and experience will ignite the potential of the rural market. Over one-third of African population needs mobile and broadband connectivity that leads to significant growth to be captured. NuRAN\u2019s executive team is delighted by this strategic alliance and look forward to a connected future,\u201d Francis Letourneau, CEO of NuRAN Wireless said in a statement.<\/p>\n<p>This news comes as Spacecom is in talks to be acquired by Hungarian telecommunications company <strong>4iG <\/strong>in a deal that could allow Spacecom to develop Hungary\u2019s first commercial satellite.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spacecom has bought into Canadian communications company, NuRAN Wireless as it looks to boost its market position in Africa, the company announced June 29. Spacecom has signed a strategic cooperation agreement with NuRAN Wireless including a $3.2 million investment, acquiring 9.3% of NuRAN\u2019s equity. The partnership agreement grants Spacecom exclusive rights to provide managed services [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56482,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-57169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/57169"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=57169"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/57169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/56482"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=57169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=57169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=57169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}