Fair Value: 3314
% of Fund Value: 27.9
The telecommunications company has an initial focus on data as a primary offering and the goal of becoming a full-service mobile network operator.
Rain is intended to be a “full service” Mobile Network Operator, focusing on data as a primary offering. The major assets constitute spectrum licenses and Rain has made significant progress in building a dedicated national LTE Advanced network in the valuable under-utilised frequencies. Among other frequencies, Rain currently holds an allocation in the 1800 MHz band, along with the other major operators, as well as an allocation in the sought after 2.6GHz band, where it holds the only licence.