Africa’s leading provider of wireless, data-only services plans soon to launch a mobile service, one of its shareholders said. Rain, which provides wireless, data-only services, plans soon to launch a mobile service.
This is according to Rain investor African Rainbow Capital Investments, which said on Thursday that the move will allow Rain to compete with South Africa’s mobile operators in voice calls, too.
ARC Investments, which holds a 20.3% interest in Rain, said the provider will use the newly acquired spectrum bought last year in an auction to launch its mobile service, without giving any other details on the plan.
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Earlier this year, Rain and number-three mobile network provider Telkom terminated discussions about a potential acquisition of Rain after the parties decided that a suitable transaction was not possible at that time.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry