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Legend Internet Plc has entered the advanced stages of a merger with Spectranet, a move set to consolidate Nigeria’s broadband market and create a digital powerhouse by the second quarter of 2026.

The Nigerian telecommunications landscape is bracing for a tectonic shift following the announcement of a proposed merger between Legend Internet Plc and Spectranet. According to a corporate disclosure signed by Company Secretary Erinma Onuoma, the transaction is expected to conclude in Q2 2026, pending regulatory hurdles.

The deal currently awaits the green light from the Nigerian Communications Commission – NCC and the Federal Competition and Consumer Protection Commission – FCCPC, both of which will scrutinize the impact on market competition and consumer choice.

Once finalized, the merged entity will boast an estimated market capitalization of N80 billion, officially making it the largest Internet Service Provider – ISP in Nigeria. This scale is intended to address the growing demand for high-speed connectivity across the country.

The leadership teams of both firms emphasize that the merger is a “pivotal moment,” designed to create a future-ready infrastructure capable of supporting Nigeria’s rapidly evolving digital economy.

The strategic rationale behind the union centers on substantial operational synergies. By optimizing shared network infrastructure and streamlining internal efficiencies, the new company aims to significantly enhance profitability and sustainable growth. Chairman of Legend Internet, Dr. Ladi Bada, noted that a “stronger capital base” will allow for aggressive investment in next-generation technologies.

This strengthened positioning is particularly crucial as Legend Internet prepares for further corporate milestones, including a planned public offering later in 2026.

For shareholders and consumers alike, the merger promises a more robust national platform. CEO Aisha Abdulaziz highlighted that the combined scale will improve the ability to capture growth opportunities in the broadband sector while delivering “world-class connectivity.”

As the two providers integrate their resources, the focus will remain on expanding into new markets and deploying a full suite of digital services intended to drive Nigeria’s technological advancement into the next decade.