While plenty has been spoken around ARC’s fee structure, not enough has been asked about its valuation of Rain. By Keith McLachlan.
Browsing: ARC Investments
TymeBank is likely to break even in 2022. Discovery Bank, by contrast, is targeting breakeven in approximately three years’ time.
African Rainbow Capital Investments is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group.
Rain has enjoyed a surge in demand for wireless broadband in the past year thanks to the lockdown and work-from-home measures. It now plans to bid for more spectrum.
South African fibre telecommunications infrastructure company MetroFibre Networx has raised R2.5-billion in new debt financing, led by Investec, adding to the R1.5-billion recently raised from shareholders.
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.
Rain expects to accelerate the installation of 5G towers to 1 500 in larger metropolitan areas in South Africa by December 2021, African Rainbow Capital Investments said on Friday.
African Rainbow Capital Investments has attached a remarkable R13.1-billion valuation to Rain, giving it a value 40% above Telkom’s current market capitalisation.