ata-about-sliders-bg-grey ATA FUND I INVESTMENTS


December 2012



South Africa







Sector: Telecommunications

Type: Data-only network operator in South Africa

Established: 2017  


  • 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

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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