Following Telkom’s shock profit warning last week, could MTN make another bid for the company?
Browsing: Rain
South Africa’s telecommunications industry has called for urgent action by government and regulators to address the country’s worsening power situation.
Rain has signed a roaming agreement with Vodacom to provide gap coverage where it hasn’t yet expanded its mobile network.
Rain has taken the wraps off its new mobile offering, escalating the fight with bigger rivals Vodacom, MTN and Telkom.
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.
Michael Jordaan, investor in wireless broadband upstart Rain, said on Tuesday that consolidation in South Africa’s telecoms market is inevitable.
Load shedding is proving to be a hugely expensive problem for South Africa’s mobile operators.
Telkom and Rain have walked away from a transaction that could have seen the JSE-listed operator buying the wireless broadband upstart.
Semiconductor giant Nvidia will launch its GeForce Now cloud gaming platform in South Africa in 2023 in a deal with Rain.