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…
South African fibre broadband provider MetroFibre Networx, which is led by former Absa CEO Steve Booysen, has raised R1.5-billion in a new funding round led by infrastructure-focused private equity fund manager African Infrastructure Investment Managers (AIIM). The deal gives AIIM,…
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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