ata-about-sliders-bg-grey ATA FUND I INVESTMENTS
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www.rain.co.za

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TRANSACTION CLOSE DATE

December 2012

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LOCATION

South Africa

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SECTOR

Telecommunications

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SHAREHOLDING

7.30%

Sector: Telecommunications

Type: Data-only network operator in South Africa

Established: 2017  

Innovation:

  • Rain is the first data-only network in South Africa building 4G and 5G platforms to make data more affordable and accessible to South Africans
  • Rain is one of the first commercial 5G networks in the world – the first in Africa and the 2nd country globally to deploy a fully 5G stand-alone network outside of China
  • Rain’s 5G coverage grew 6-fold in the 2 years after launch (2019-2021)
  • Rain has deployed the biggest investment is the 5G equipment roll-out to date
  • Rain is the third biggest provider of 5G fixed wireless services in the world
  • 4G and 5G networks cover 4 million homes & connect 400 000 across SA
  • Increasing coverage by 5000 homes a day, everyday for the balance of 2021


Status: A young company with significant growth and growth potential

Co-investors: Various investors and management

Why we invested

  • Rain is agile and innovative in a technologically advanced market
  • The global demand for data is exponentially driven by increased online content and the availability of data enable devices (the advent of the internet of things)
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Ata Capital (Pty) Ltd (Registration Number 2006/028451/07) is an authorised Category I and II Financial Services Provider (“FSP”) in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002 (“FAIS Act”) with FSP number 46869.

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Ata Capital (Pty) Ltd (Registration Number 2006/028451/07) is an authorised Category I and II Financial Services Provider (“FSP”) in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002 (“FAIS Act”) with FSP number 46869. The information and/or opinions contained herein should not be construed as advice as defined in the FAIS Act; neither do they constitute a solicitation, invitation or investment recommendation. Investors should take cognisance of the fact that there are risks involved when buying, selling or investing in any financial product. The value of investments may fall as well as rise, and investors may not recover the capital invested.

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