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Nigeria’s broadband landscape may be set for a major shift as Legend Internet Plc has announced plans to merge with Spectranet Limited, in a move aimed at strengthening market position and expanding service delivery.
According to a Punch report, Legend Internet disclosed the proposed merger in a regulatory filing with the Nigerian Exchange Limited, noting that the transaction remains subject to approvals from the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission.
If approved, the deal, expected to be completed in the second quarter of 2026, will combine Legend’s fibre-to-the-home infrastructure with Spectranet’s 4G LTE and fibre services, creating a more robust broadband network with improved efficiency and wider urban coverage.
The companies said the merger aligns with Legend Internet’s long-term strategy to deepen broadband infrastructure and strengthen its footprint in Nigeria’s fast-evolving digital economy.
While financial details of the transaction were not disclosed, the integration is expected to enhance service quality, expand connectivity options, and drive operational synergies across both networks.
Legend Internet, which listed on the NGX in 2025 to fund nationwide expansion, has rapidly grown its fibre network, while Spectranet remains a key player in Nigeria’s fixed wireless broadband segment, known for its 4G LTE services and data offerings.
The companies said they will continue to keep the market informed as the merger process progresses.
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