Legend Internet Plc has announced plans to merge with Spectranet Limited in a proposed transaction designed to significantly expand broadband capacity and strengthen service delivery across Nigeria’s telecommunications market.
The proposed merger was formally disclosed in a filing to the Nigerian Exchange Limited, confirming that both companies intend to combine their operations under a single corporate structure, subject to regulatory clearances.
The company disclosed that the merger proposal received approval from Legend Internet’s Board of Directors on October 3, 2025, followed by shareholder consent on November 7, 2025, laying the groundwork for formal engagement with Spectranet on the transaction.
Brandspur Banking News Desk understands that the merger is positioned as a growth-driven strategy aimed at scaling broadband infrastructure through the integration of fibre and wireless networks operated by both companies, while also improving operational efficiency and market reach.
Legend Internet noted that the combined entity is expected to deliver broader network coverage across major urban centres, enhance customer experience, and support rising data demand driven by increased digital adoption across sectors of the economy.
From a financial perspective, the Board stated that the transaction is projected to unlock operational synergies, strengthen earnings capacity, and support sustainable revenue growth. The merger is also expected to be value accretive to shareholders over the medium to long term, driven by economies of scale and improved cost efficiency.
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Completion of the proposed transaction remains subject to approvals from key regulators, including the Federal Competition and Consumer Protection Commission and the Nigerian Communications Commission.
Subject to receiving all required regulatory clearances, the companies expect the merger to be finalised in the second quarter of 2026. Legend Internet Plc said it will continue to provide timely updates to the Nigerian Exchange and the investing public as the process progresses.
The proposed consolidation comes amid heightened investment activity in Nigeria’s broadband sector, as operators seek scale and infrastructure depth to meet surging data consumption and national broadband expansion targets.
