Rain shareholder African Rainbow Capital Investments has valued the wireless broadband upstart at R22.2-billion.
Browsing: ARC Fund
Rain, the first operator in South Africa to deploy a commercial 5G network, plans to roll out 2 000 5G high sites across South Africa’s main urban centres, although there is no timeframe for the build.
African Rainbow Capital has attached an intrinsic value to telecommunications upstart Rain of R11.7-billion, or almost a third of Telkom’s market capitalisation.