Na big news dey for Nigeria telecom sector as two major internet providers, Legend Internet Plc and Spectranet Limited, don announce say dem dey plan to merge together. Dis merger go make dem become Nigeria largest Internet Service Provider (ISP) with estimated market capitalisation of N80 billion.
According to official statement wey Legend Internet release to Nigerian Exchange Limited (NGX) and shareholders, dem don get approval from dia board since October 3, 2025 and shareholders approve am on November 7, 2025. Erinma Onuoma, wey be company secretary for Legend Internet, sign di notice wey dem send to di public.
Di merger plan dey subject to regulatory approvals from Federal Competition and Consumer Protection Commission (FCCPC) and Nigerian Communications Commission (NCC). If everything go well, di deal go complete for second quarter (Q2) of 2026.
Oladimeji Dada, wey be chairman for Legend Internet, talk say di merger go give di company stronger capital base and better infrastructure to invest for next-generation technologies. “We dey well positioned now to expand to new markets and deliver full range of digital services,” Dada yarn. “Dis one dey move us closer to our ambition to build nationwide digital infrastructure platform wey go drive Nigeria economic and technological advancement.”
Aisha Abdulaziz, CEO of Legend Internet Plc, also talk say dis na pivotal moment for Nigeria broadband industry. “Our merger with Spectranet dey position us to build future-ready digital platform wey go deliver world-class connectivity to Nigerians,” Abdulaziz explain. “At di same time, e go create sustained value for our shareholders.”
Di combined company go benefit from improved network capacity through integration of fibre and wireless infrastructure. Dem expect say di merger go bring better operational efficiency and expanded coverage across key urban markets for Nigeria.
Customers go benefit from expanded service offerings wey include fixed broadband, mobile connectivity, and integrated digital solutions for both individuals and businesses. Di merged entity go deliver improved service quality, broader coverage, and innovative solutions.
For shareholders side, di board believe say di transaction go create sustainable long-term value by strengthening di company competitive position, supporting revenue growth, and improving earnings capacity. Di merger go give dem increased scale and operational synergies wey go make di company more profitable.
Legend Internet Plc don list two billion ordinary shares by introduction on main board of Nigerian Exchange Limited for April 2025. Di merger go strengthen dia positioning ahead of potential future initiatives, including public offering wey dem plan for later part of 2026.
Spectranet Limited na one of Nigeria most established internet service providers with strong track record of delivering reliable broadband solutions to residential and business customers. Di company get robust infrastructure and commitment to digital inclusion.
Industry experts dey watch dis development closely as e fit transform Nigeria broadband market. With growing demand for high-speed connectivity across di country, di merger go create stronger national platform with scale and infrastructure wey go meet Nigeria digital needs.
Di transaction dey expected to be value accretive to shareholders over medium to long term. Legend Internet promise say dem go continue to keep investing public informed of any material developments regarding di merger as dem dey wait for regulatory approvals.
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