19th March 2021
Rain had 5,500 active 4G and 447 active 5G sites in South Africa as of the end of April 2020. https://mybroadband.co.za/news/cellular/367418-rains-extraordinary-valuation.html
According to TechCentral, Rain has nearly 7 000 4G sites and 685 5G towers in use (as at the end of December 2020).
“….The aim is to increase this to 1 150 towers by February 2022. Ultimately, more than 2 000 5G towers in larger metropolitan areas throughout South Africa are planned…”
The timeframe isn’t completely clear, but it looks like the operator plans to erect its 2,000 5G towers by 2023.
Source: Rain targets 2 000 5G towers as valuation hits R17.1-billion
Rain’s network problems and poor support top of mind, promises ARC CEO
African Rainbow Capital Investments (ARC) co-CEO Johan van Zyl admitted that Rain’s network quality is not good enough and that they are working hard to address the problems.
ARC released its interim financial results on 18 March 2021 which revealed that its 20.37% shareholding in Rain makes up 27.3% of the fund’s total value.
As the largest contributor to the ARC fund’s value, Rain plays an important part in the company’s success.
Rain targets 2m customers, reaches R17.1bn valuation