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.
News related to Rain
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
Motsepe-owned ARC pumps more money into TymeBank, Rain
African Rainbow Capital (ARC) saw a significant increase in the company’s intrinsic value in the 2023 financial year and completed acquisitions of almost R2 billion. However, the company’s debt also skyrocketed by over 50% in the period. ARC released its
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
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
TymeBank, Rain boost ARC portfolio value
FIFI PETERS: African Rainbow Capital, the investment firm founded by Patrice Motsepe, released its annual results today. The company, which has investments in a wide range of sectors such as telecommunications, mining, agriculture and financial services, tripled its cash in the year to