NuRAN Wireless Board Approves Strategic Growth Plan Focused On Converting Its Contracted Network-As-A-Service Portfolio Into Larger Base Of Recurring Infrastructure Revenue

Plan targets approximately 2,000 cumulative towers by the end of 2028, prioritizes disciplined financing and advances new infrastructure revenue opportunities

QUEBEC, QC / ACCESS Newswire / November 11, 2026 / NuRAN Wireless Inc. (NASDAQ:NUR)(FSE:1RN) ("NuRAN" or the "Company"), a provider of rural connectivity infrastructure in Africa, today announced that its Board of Directors has approved a strategic growth plan focused on converting its contracted Network-as-a-Service ("NaaS") portfolio into a larger base of recurring infrastructure revenue. The plan targets approximately 2,000 cumulative towers by the end of 2028 and establishes a disciplined approach to financing, deployment and the phased development of complementary infrastructure businesses. The target is subject to financing, execution and other conditions.

With more than 5,000 towers under contract, NuRAN's principal opportunity is to turn contracted demand into operating towers, recurring revenue and, over time, stronger cash generation. The Board reviewed the Company's deployment pipeline, operating capabilities, funding requirements and adjacent growth opportunities. Capital deployment will be prioritized according to site economics, operational readiness, financing availability and regulatory and contractual requirements, under ongoing Board oversight.

As part of its approval, the Board has requested that management complete a 90-day validation period. During this period, management is required to deliver a complete plan to the Board, including a detailed schedule, risk analysis, disciplined investment thesis, currency movement analysis, potential asset alignment and implementation phases. The Board will assess this work before further capital is committed to the plan.