 | |
| Company type | Private |
|---|---|
| JSE: ARC | |
| ISIN | MU0553S00000 [1][2] |
| Industry | Telecommunications |
| Founded | 2018 |
| Founders | Brandon Leigh[3] |
| Headquarters | |
Area served | South Africa |
Key people | |
| Products | Mobile telephony Internet services |
| Parent | AFRICAN RAINBOW CAPITAL INVESTMENTS LTD.[5] |
| Website | www |
Rain or Rain (Pty) Ltd is a South African mobile communications company, providing voice, messaging, data and converged services.[6]
History
Rain (Pty) Ltd launched in February 2018, and began providing data only services using 3000 of their own cell towers and leasing infrastructure from Vodacom and MTN.[6][7] Clients who were interested on using the services create an online profile and the SIM card would be delivered by CCD Couriers
In June 2020, rain announced the addition of 1500 5G standalone towers to be launched in 2021[8][9][10]
Technology
Rain offers data-only mobile network services in South Africa. They provide 4G and LTE services through a partnership to use Vodacom and MTNs infrastructure.[11][12] It launched The first Standalone 5G (3600) network in the country. Powered by Huawei.[13][14]
Rain’s Standalone 5G is currently available in major metropolitan areas around the country.
Controversies
Ban Claiming “Unlimited Data 24/7 on 5G”
In August 2020, the advertising appeal committee of the advertising regulatory bureau banned rain from claiming unlimited 5G 24/7 after receiving multiple complaints from the public[15][16]
Spectrum Arrangements
in October 2021, Telkom has approached Independent Communications Authority of South Africa (ICASA) to report spectrum arrangements between competitors Vodacom and Rain.[17] Telkom argues Vodacom’s ability to control Rain’s spectrum entrenches its position as a dominant player in a highly concentrated market. An investigation is still underway.[18][19]
Ownership
| Rain Shareholders[20][21] | |||
| Company | Shareholding | Notable Directors | Value |
| Quarme Private Equity Investments | 41.36% | Paul Harris
Nicola Harris |
R6.22 billion |
| UBI General Partner | 19.93% | Patrice Motsepe
Johan van Zyl Johan van der Merwe |
R3.00 billion |
| Pluvial | 11.75% | Willem Roos
Roger Grobler Ravi Naidoo |
R1.77 billion |
| Montegray Capital | 11.53% | Michael Jordaan | R1.73 billion |
| Ata Fund 1 | 6.42% | Nicola Harris
Kgotlello Sere |
R0.96 billion |
| Arakot | 3.41% | Catherina Heunis | R0.51 billion |
| Institute X Idea Incubators | 2.30% | Phumlani Moholi
Brandon Leigh |
R0.35 billion |
| Employee Trust | 1.70% | — | R0.26 billion |
| Management | 1.32% | — | R0.20 billion |
| Pralene | 0.28% | Grant Gelink | R0.04 billion |
See also
- Telephone numbers in Africa
- Telephone numbers in South Africa
- MTN (South Africa)
- Cell C
- Telkom Mobile
- Internet in South Africa
References
- ^ "AIL African Rainbow Capital Investments Ltd. SENS and News". www.sharedata.co.za. Retrieved 29 May 2021.
- ^ "RAIN (PTY) LTD". DBN South Africa. Retrieved 29 May 2021.
- ^ a b "Rain appoints founder Brandon Leigh as new CEO". BusinessLIVE. Retrieved 29 May 2021.
- ^ "Khaya Dlanga new rain CMO". MarkLives.com. Retrieved 22 March 2022.
- ^ Einhorn, Bruce; May 2021, Bloomberg / 29. "African Rainbow Capital Investments Ltd. (ARCINVEST) JSE:AIL share price - Click a Company". Moneyweb. Retrieved 29 May 2021.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ a b Shapshak, Toby. "Data-Only Operator Rain Launches Africa's First 5G Network". Forbes. Retrieved 30 May 2021.
- ^ Stewart, Charlie (11 October 2019). "Rain's 5G network: The starting gun for marketers". The Media Online. Retrieved 30 May 2021.
- ^ "Mobile data network operator Rain plans 5G expansion". ewn.co.za. Reuters. Retrieved 30 May 2021.
- ^ Ajao, Oluniyi D. (24 January 2020). "Rain 5G, Coverage, Network, Rain 4G LTE, Review, Data in 2020". TECH dot AFRICA. Retrieved 30 May 2021.
- ^ "Rain rolls out ultra-fast 5G internet in parts of Jozi and Tshwane". 702. Retrieved 30 May 2021.
- ^ "Telkom seeks to reverse Vodacom-Rain deal". BusinessLIVE. Retrieved 30 May 2021.
- ^ "Rain targets 2 000 5G towers as valuation hits R17.1-billion - TechCentral". techcentral.co.za. Retrieved 30 May 2021.
- ^ "rain and Huawei Jointly Launches Africa's First Standalone 5G Network". huawei. Retrieved 30 May 2021.
- ^ "Rain launches standalone 5G network in South Africa". RCR Wireless News. 20 July 2020. Retrieved 30 May 2021.
- ^ "Rain banned from claiming 'unlimited data 24/7' on 5G due to inconsistent connections". BusinessInsider. Retrieved 30 May 2021.
- ^ Staff Writer. "These are the best and worst mobile networks in South Africa". Retrieved 30 May 2021.
- ^ McKane, Jamie. "Rain's big 5G expansion plans for 2020". Retrieved 30 May 2021.
- ^ "Telkom flags Rain, Vodacom, spectrum deal | eNCA". www.enca.com. Retrieved 30 May 2021.
- ^ "Rain mobile". ewn.co.za. Reuters. Retrieved 30 May 2021.
- ^ Muller, Rudolph. "South African billionaires making it rain". Retrieved 30 May 2021.
- ^ "WATCH: How ARC's stake in Rain paid off". BusinessLIVE. Retrieved 30 May 2021.
External links
Companies based in Greater Johannesburg | |||
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This page was last edited on 28 February 2024, at 16:36