NuRAN Wireless signs non-binding Term Sheet for $15M credit facility for African network infrastructure expansion.

NuRAN Wireless Inc., a provider of mobile & broadband wireless infrastructure solutions, has signed a non-binding Term Sheet for a $15M long-term credit facility with a Global Asset Management Company. The financing will help NuRAN Wireless Africa Holding, a wholly-owned subsidiary, to procure & install network infrastructure in African countries. The facility can be increased up to $70M through syndication.