Rain (telecommunications)

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Rain (Pty) Ltd
TypePrivate
JSE: ARC
ISINMU0553S00000 [1][2]
IndustryTelecommunications
Founded2019
FoundersBrandon Leigh[3]
Headquarters
Johannesburg
Area served
South Africa
Key people
ProductsMobile telephony
Internet services
ParentAFRICAN RAINBOW CAPITAL INVESTMENTS LTD.[5]
Websitewww.rain.co.za

Rain or Rain (Pty) Ltd is a South African mobile communications company, providing voice, messaging, data and converged services.[6]

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.[6][7]

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 3G, 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 Cape Town covering areas including Sea Point in Cape Town, Claremont, Goodwood, Bellville, Durbanville, and Cape Town City Centre.[15][16]

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[17][18]

Spectrum Arrangements

in October 2021, Telkom has approached Independent Communications Authority of South Africa (ICASA) to report spectrum arrangements between competitors Vodacom and Rain.[19] 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.[20][21]

Ownership

Rain Shareholders[22][23]
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

References

  1. ^ "AIL African Rainbow Capital Investments Ltd. SENS and News". www.sharedata.co.za. Retrieved 29 May 2021.
  2. ^ "RAIN (PTY) LTD". DBN South Africa. Retrieved 29 May 2021.{{cite web}}: CS1 maint: url-status (link)
  3. ^ a b "Rain appoints founder Brandon Leigh as new CEO". BusinessLIVE. Retrieved 29 May 2021.
  4. ^ "Khaya Dlanga new rain CMO". MarkLives.com. Retrieved 22 March 2022.
  5. ^ Einhorn, Bruce; May 2021, Bloomberg / 29. "African Rainbow Capital Investments Ltd. (ARCINVEST) JSE:AIL share price - Click a Company". Moneyweb. Retrieved 29 May 2021.
  6. ^ a b Shapshak, Toby. "Data-Only Operator Rain Launches Africa's First 5G Network". Forbes. Retrieved 30 May 2021.
  7. ^ Stewart, Charlie (11 October 2019). "Rain's 5G network: The starting gun for marketers". The Media Online. Retrieved 30 May 2021.
  8. ^ Reuters. "Mobile data network operator Rain plans 5G expansion". ewn.co.za. Retrieved 30 May 2021.
  9. ^ Ajao, Oluniyi D. (24 January 2020). "Rain 5G, Coverage, Network, Rain 4G LTE, Review, Data in 2020". TECH dot AFRICA. Retrieved 30 May 2021.
  10. ^ "Rain rolls out ultra-fast 5G internet in parts of Jozi and Tshwane". 702. Retrieved 30 May 2021.
  11. ^ "Telkom seeks to reverse Vodacom-Rain deal". BusinessLIVE. Retrieved 30 May 2021.
  12. ^ "Rain targets 2 000 5G towers as valuation hits R17.1-billion - TechCentral". techcentral.co.za. Retrieved 30 May 2021.
  13. ^ "rain and Huawei Jointly Launches Africa's First Standalone 5G Network". huawei. Retrieved 30 May 2021.
  14. ^ "Rain launches standalone 5G network in South Africa". RCR Wireless News. 20 July 2020. Retrieved 30 May 2021.
  15. ^ Malinga, Sibahle (19 March 2021). "Rain finds 'window of 5G opportunity' in spectrum impasse". ITWeb. Retrieved 30 May 2021.
  16. ^ Capital, African Rainbow (12 June 2020). "Rain plans big 5G expansion in South Africa • African Rainbow Capital". African Rainbow Capital. Retrieved 30 May 2021.
  17. ^ "Rain banned from claiming 'unlimited data 24/7' on 5G due to inconsistent connections". BusinessInsider. Retrieved 30 May 2021.
  18. ^ Staff Writer. "These are the best and worst mobile networks in South Africa". Retrieved 30 May 2021.
  19. ^ McKane, Jamie. "Rain's big 5G expansion plans for 2020". Retrieved 30 May 2021.
  20. ^ "Telkom flags Rain, Vodacom, spectrum deal | eNCA". www.enca.com. Retrieved 30 May 2021.
  21. ^ Reuters. "Rain mobile". ewn.co.za. Retrieved 30 May 2021.
  22. ^ Muller, Rudolph. "South African billionaires making it rain". Retrieved 30 May 2021.
  23. ^ "WATCH: How ARC's stake in Rain paid off". BusinessLIVE. Retrieved 30 May 2021.

External links


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