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.
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South Africa’s fifth mobile operator, Rain, is upping the ante with its bigger rivals, offering uncapped 4G/LTE Internet access for R479/month.
Vodacom said on Tuesday that, thanks to its recently concluded roaming agreement with Liquid Telecom, it will launch next-generation 5G services in South Africa in 2020.
Rain will sell its Broadlink telecommunications business to Internet and cloud service provider CipherWave, TechCentral has learnt.
Exclusive | Vodacom and Liquid Telecom have signed an agreement which will, in effect, give the country’s biggest mobile operator access to a key spectrum band, allowing it to deploy 5G services nationally.
Cell C’s expanded roaming agreement with MTN South Africa, which was signed at the weekend, “adheres to all applicable legal and regulatory requirements”, the companies said.
TechCentral sat down with Cell C’s CEO and chief financial officer to discuss the operator’s plan not only to pull itself back from the brink but to put itself on a sustainable financial footing.
Rain has launched a commercial 5G wireless home broadband service, becoming the first telecommunications operator in South Africa to do so.
Patrice Motsepe’s African Rainbow Capital has increased the value it attaches to telecommunications operator Rain to R12.1-billion.
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.