Rain (telecommunications)
Type | Private |
---|---|
JSE: ARC | |
ISIN | MU0553S00000 [1][2] |
Industry | Telecommunications |
Founded | 2019 |
Founders | Brandon Leigh[3] |
Headquarters | Johannesburg |
Area served | South Africa |
Products | Mobile telephony Internet services |
Parent | AFRICAN RAINBOW CAPITAL INVESTMENTS LTD.[4] |
Website | www |
Rain or Rain (Pty) Ltd is a South African mobile communications company, providing voice, messaging, data and converged services.[5]
History[]
Rain launched in February 2019, and began providing data only services using 3000 of their own cell towers and leasing infrastructure from Vodacom and MTN.[5][6]
In June 2020, rain announced the addition of 1500 5G standalone towers to be launched in 2021[7][8][9]
Technology[]
Rain offers data-only mobile network services in South Africa. They provide 3G, 4G and LTE services through a partnership to use Vodacom and MTNs infrastructure.[10][11] It launched The first Standalone 5G (3600) network in the country. Powered by Huawei.[12][13]
Rain’s Standalone 5G is currently available in Cape Town covering areas including Sea Point in Cape Town, Claremont, Goodwood, Bellville, Durbanville, and Cape Town City Centre.[14][15]
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[16][17]
Spectrum Arrangements[]
in October 2021, Telkom has approached Independent Communications Authority of South Africa (ICASA) to report spectrum arrangements between competitors Vodacom and Rain.[18] 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.[19][20]
Ownership[]
Rain Shareholders[21][22] | |||
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 2021-05-29.
- ^ "RAIN (PTY) LTD". DBN South Africa. Retrieved 29 May 2021.
- ^ "Rain appoints founder Brandon Leigh as new CEO". BusinessLIVE. Retrieved 2021-05-29.
- ^ Einhorn, Bruce; May 2021, Bloomberg / 29. "African Rainbow Capital Investments Ltd. (ARCINVEST) JSE:AIL share price - Click a Company". Moneyweb. Retrieved 2021-05-29.
- ^ a b Shapshak, Toby. "Data-Only Operator Rain Launches Africa's First 5G Network". Forbes. Retrieved 2021-05-30.
- ^ Stewart, Charlie (2019-10-11). "Rain's 5G network: The starting gun for marketers". The Media Online. Retrieved 2021-05-30.
- ^ Reuters. "Mobile data network operator Rain plans 5G expansion". ewn.co.za. Retrieved 2021-05-30.
- ^ Ajao, Oluniyi D. (2020-01-24). "Rain 5G, Coverage, Network, Rain 4G LTE, Review, Data in 2020". TECH dot AFRICA. Retrieved 2021-05-30.
- ^ "Rain rolls out ultra-fast 5G internet in parts of Jozi and Tshwane". 702. Retrieved 2021-05-30.
- ^ "Telkom seeks to reverse Vodacom-Rain deal". BusinessLIVE. Retrieved 2021-05-30.
- ^ "Rain targets 2 000 5G towers as valuation hits R17.1-billion - TechCentral". techcentral.co.za. Retrieved 2021-05-30.
- ^ "rain and Huawei Jointly Launches Africa's First Standalone 5G Network". huawei. Retrieved 2021-05-30.
- ^ "Rain launches standalone 5G network in South Africa". RCR Wireless News. 2020-07-20. Retrieved 2021-05-30.
- ^ Malinga, Sibahle (2021-03-19). "Rain finds 'window of 5G opportunity' in spectrum impasse". ITWeb. Retrieved 2021-05-30.
- ^ Capital, African Rainbow (2020-06-12). "Rain plans big 5G expansion in South Africa • African Rainbow Capital". African Rainbow Capital. Retrieved 2021-05-30.
- ^ "Rain banned from claiming 'unlimited data 24/7' on 5G due to inconsistent connections". BusinessInsider. Retrieved 2021-05-30.
- ^ Staff Writer. "These are the best and worst mobile networks in South Africa". Retrieved 2021-05-30.
- ^ McKane, Jamie. "Rain's big 5G expansion plans for 2020". Retrieved 2021-05-30.
- ^ "Telkom flags Rain, Vodacom, spectrum deal | eNCA". www.enca.com. Retrieved 2021-05-30.
- ^ Reuters. "Rain mobile". ewn.co.za. Retrieved 2021-05-30.
- ^ Muller, Rudolph. "South African billionaires making it rain". Retrieved 2021-05-30.
- ^ "WATCH: How ARC's stake in Rain paid off". BusinessLIVE. Retrieved 2021-05-30.
External links[]
- Mobile phone companies of South Africa
- Telecommunications companies established in 2018
- Companies based in Johannesburg
- South African telecommunications company stubs