 | |
| Company type | Private |
|---|---|
| ISIN | MU0553S00000[1][2] |
| Industry | Telecommunications |
| Founded | 2016; 9 years ago (2016) |
| Founders | Brandon Leigh[3] |
| Headquarters | |
Area served | South Africa |
Key people | |
| Products |
|
| Website | www |
Rain orRain (Pty) Ltd is a South Africanmobile communications company, providingvoice,messaging,data, andconverged services.[4]
Rain (Pty) Ltd launched in February 2018, and began providing data only services using 3,000 of their owncell towers and by leasing infrastructure fromVodacom andMTN.[4][5] 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 1,5005G standalone towers to be launched in 2021.[6][7][8]
Rain provides4G andLTE services through a partnership that enables the company to use infrastructure owned byVodacom andMTN.[9][10] They launched the first Standalone5G (3600) network in the country, powered byHuawei infrastructure.[11][12]
Rain's Standalone5G is currently available in major metropolitan areas around the country.
In August 2020, the advertising appeal committee of the advertising regulatory bureau banned rain from claiming unlimited5G 24/7 after receiving multiple complaints from the public.[13][14]
In October 2021,Telkom has approachedIndependent Communications Authority of South Africa (ICASA) to report spectrum arrangements between competitorsVodacom and Rain.[15]Telkom arguesVodacom's ability to control Rain's spectrum entrenches its position as a dominant player in a highly concentrated market. An investigation is still underway.[16][17]
| Rain Shareholders[18][19] | |||
| 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 ZylJohan van der Merwe | R3.00 billion |
| Pluvial | 11.75% | Willem Roos Roger GroblerRavi 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 |
Companies based inGreater Johannesburg | |||
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