UPDATE June 29: This story has been updated to reflect the conditions that must be met for this transaction to close.
PARIS — Satellite fleet operator Spacecom has purchased a 9.3% equity stake in struggling Canadian wireless infrastructure provider Nuran Wireless in return for exclusive rights to provide satellite bandwidth for Nuran’s future African operations.
The $3.2-million investment agreement includes Nuran’s contracts with telco Orange to expand Orange’s network in Cameroon and the Democratic Republic of Congo (DRC . . .
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