Rain is worth almost R26-billion, according to the latest valuation by one of its key shareholders.
Browsing: ARC Investments
ARC Investments plans a JSE delisting, with moves afoot to bring the company back to South Africa from Mauritius.
Rain shareholder African Rainbow Capital Investments has valued the wireless broadband operator at R25-billion.
Rain shareholder African Rainbow Capital Investments has valued the wireless broadband upstart at R22.2-billion.
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 has attached a valuation to wireless Internet operator Rain of R17.9-billion, a 7.9% increase over last year’s figure.
MetroFibre Networx is continuing its aggressive fundraising drive: the company has now secured a R5-billion debt financing package from Standard Bank Group.
African Rainbow Capital is switching to investing in digital banks and financial start-ups, while shunning mining stocks, saying the boom in commodity prices maybe overdone.
African Rainbow Capital Investments plans to offload its remaining stake in fibre network operator MetroFibre Networks.