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Fair Value: 3 111
% 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.

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SA mobile data-only operator plans 5G expansion

By Nqobile Dludla   Rain, the mobile data-only network operator, expects to accelerate the installation of 5G towers to 1,500 in larger metropolitan areas in South Africa by December 2021, African Rainbow Capital Investments (ARC) said on Friday. Rain, in
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Rain to deliver 1 500 5G towers in expansion drive

Rain, the mobile data-only network operator, expects to accelerate the installation of 5G towers to 1 500 in larger metropolitan areas in South Africa by December 2021, African Rainbow Capital Investments said on Friday. Rain, in which ARC Investments owns a 27%
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TymeBank set to hit two-million-customer milestone ahead of schedule

By Martin Creamer   JOHANNESBURG (miningweekly.com) – Fully-digital retail finance house TymeBank is poised to achieve its two-million-customer milestone three months ahead of schedule, African Rainbow Capital (ARC), its majority shareholder, stated on Friday. Following its official launch in February
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Rain plans big 5G expansion in South Africa

By Jamie McKane   Rain aims to greatly accelerate the rollout of its 5G network in South Africa, according to an investment update issued by African Rainbow Capital (ARC). In its update, ARC said that Rain has been making good
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Rain Presentation | Avior Corporate Summit

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Poor economy hits ARCI targets

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Rain valued at a third of Telkom

One of telecommunications operator Rain’s shareholders, Patrice Motsepe’s African Rainbow Capital (ARC), has attached an intrinsic value to the company of R11.7-billion, or almost a third of Telkom’s market capitalisation. The ARC Fund’s 20% stake in Rain was valued at R2.3-billion
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Media Statement FY Sept2018

Key highlights 2 % annualised increase in Intrinsic Net Asset Value (INAV) to R9,558 billion INAV per share of R9.23 (Diluted R9.12) Intrinsic Portfolio Value (IPV) of R8,147 billion Net Investments of R2,735 billion made in period Available cash of
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