Rain, a mobile data-only network in which ARC Investments owns a 27% stake, established Africa’s first commercial 5G next-generation network in partnership with China’s Huawei Technologies in 2019.
African Rainbow Capital Investments said on Friday that the mobile operator is expecting to accelerate the installation of 5G towers to 1 500 in larger metropolitan areas in South Africa by December 2021.
Rain is South Africa’s 5th largest mobile operator after MTN, Vodacom, Telkom and Cell C. The company started rolling out 5G network in Gauteng in September 2019, had 447 5G towers up and running by the end of April.
By the 3rd quoter of 2020, Rain had over 5,500 4G active towers across South Africa. This was made possible by an infrastructure and services agreement with Vodacom, providing “a significant proportion of Rain’s revenue”, ARC said in its investment update.