Rain (telecommunications)

Last updated

Rain (Pty) Ltd
Company type Private
JSE: ARC
ISIN MU0553S00000 [1] [2]
Industry Telecommunications
Founded2018;6 years ago (2018)
FoundersBrandon Leigh [3]
Headquarters
Area served
South Africa
Key people
Products Mobile telephony
Internet services
Parent AFRICAN RAINBOW CAPITAL INVESTMENTS LTD. [5]
Website www.rain.co.za

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

Contents

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]
CompanyShareholdingNotable DirectorsValue
Quarme Private Equity Investments41.36%Paul Harris

Nicola Harris

R6.22 billion
UBI General Partner19.93%Patrice Motsepe

Johan van Zyl Johan van der Merwe

R3.00 billion
Pluvial11.75%Willem Roos

Roger Grobler Ravi Naidoo

R1.77 billion
Montegray Capital11.53%Michael JordaanR1.73 billion
Ata Fund 16.42%Nicola Harris

Kgotlello Sere

R0.96 billion
Arakot3.41%Catherina HeunisR0.51 billion
Institute X Idea Incubators2.30%Phumlani Moholi

Brandon Leigh

R0.35 billion
Employee Trust1.70%R0.26 billion
Management1.32%R0.20 billion
Pralene0.28%Grant GelinkR0.04 billion

See also

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References

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  2. "RAIN (PTY) LTD". DBN South Africa. Retrieved 29 May 2021.
  3. 1 2 "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.{{cite web}}: CS1 maint: numeric names: authors list (link)
  6. 1 2 Shapshak, Toby. "Data-Only Operator Rain Launches Africa's First 5G Network". Forbes. Retrieved 30 May 2021.
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  16. Staff Writer. "These are the best and worst mobile networks in South Africa" . Retrieved 30 May 2021.
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