$500-million contract details • 2,000 new Nuran towers over the next 40 months throughout the Democratic Republic of Congo
• The contract has a minimum term of 10 years for each site built by the company. Each site consists of the installation by Nuran and its partners of its networking equipment as well as antennas, cabling, solar power systems, towers and related installation services.
• Upon conclusion of the initial 40-month term of the agreement and once all sites are fully operational, gross revenue is expected to be over $40-million per year, with expected EBITDA (earnings before interest, taxes, depreciation and amortization) of over 50 per cent for the local operating company, which is a 100-per-cent-owned subsidiary of Nuran formed for the purpose of the agreement with Orange DRC.
• Nuran agreed to the delivery of 2,000 turnkey sites over the initial 40-month term of the agreement. Nuran has established four different site categories to support multiple population densities and coverage patterns. Once fully operational, the network will have the capacity to connect close to 10 million people.
• Orange DRC has agreed that during the term of the agreement to, among other things, provide all the necessary support services including: providing usage rights to the frequencies assigned to it and over which Nuran's equipment may be broadcast; assist in obtaining the necessary site construction permits; make available sufficient floor space, power and cooling for Nuran's gateway equipment at no expense to Nuran; assist Nuran with the interconnection work and integration and interworking testing of the gateway equipment; configure the core network and related equipment (hardware and software) for optimal site performance; and assist with testing of equipment.