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Rain twice as valuable as Telkom

Mobile network operator Rain’s valuation has increased by R4.35 billion to R22.3 billion over the last six months thanks to improved business performance and acquiring additional spectrum. The latest valuation was revealed in African Rainbow Capital Investments’ (ARCI’s) audited annual…

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Rain now valued at twice Telkom’s market cap

Rain shareholder African Rainbow Capital (ARC) Investments has valued the wireless broadband upstart at R22.2-billion, nearly twice Telkom’s current market capitalisation. Rain, which makes up 27.6% of ARC’s ARC Fund portfolio (it also includes its stake in TymeBank), raised the value…

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Rain’s valuation rockets to R22 billion

Mobile network operator Rain’s valuation has leapt by over R4.35 billion in the past six months, according to the latest annual results of shareholder African Rainbow Capital (Arc) Investments. Arc Investments holds a 20.25% stake in Rain, and it reported…

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Rain ‘tracks well’ amid rainOne demand

Telecommunications operator Rain has seen increasing demand for its rainOne 4G mobile voice offering in the three months since it launched to the South African market. This emerged when Rain’s shareholder, African Rainbow Capital (ARC), today published its full-year financial results…

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