South African telecom provider Rain has launched Loop, a new portable 5G router that boasts smartphone-like functionality.
African Rainbow Capital Investments (ARCI) values mobile network operator Rain at R25.91 billion, exceeding Telkom's R17.79 billion market cap.
South African mobile network operator Rain has seen a substantial increase in its valuation over the past year, reaching R25 billion.
Rain is facing criticism after retrenching dozens of employees as part of its transition from its Johannesburg headquarters to Cape Town.
Rain, the South African wireless internet service provider, has announced the launch of its new voice service, Rain Mobile.
