Rain shareholder African Rainbow Capital Investments has valued the wireless broadband operator at R25-billion.
Browsing: African Rainbow Capital Investments
The wireless data provider is set to record more than R2-billion in full-year Ebitda, after IFRS 16 adjustments, shareholder ARC Investments said.
Rain, which provides wireless, data-only services, plans soon to launch a mobile service, one of its shareholders said.
African Rainbow Capital Investments plans to offload its remaining stake in fibre network operator MetroFibre Networks.