Legend Internet Plc has announced plans to merge with Spectranet Limited in a strategic move aimed at strengthening Nigeria’s broadband infrastructure and expanding high-speed internet access.
The proposed deal, disclosed in a regulatory filing with the Nigerian Exchange Limited, is expected to reshape competition in the country’s internet service market if approved by regulators.
Deal Awaits Regulatory Approval
The merger remains subject to approvals from the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission, with completion targeted for the second quarter of 2026.
While financial details of the transaction were not disclosed, both companies say the integration will deliver operational efficiencies, wider coverage, and improved service quality.
Combining Fibre and LTE Strengths
Under the proposed merger:
- Legend Internet’s fibre-to-the-home (FTTH) network will be integrated
- Spectranet’s 4G LTE and fibre services will be expanded
The combined entity is expected to accelerate broadband penetration, particularly in urban centres, where demand for high-speed internet continues to surge.
In its filing, Legend said the move aligns with its long-term strategy to scale infrastructure and deepen its market position in Nigeria’s growing digital economy.
Growth Trajectory of Both Firms
Founded around 2014 and incorporated in 2021, Legend Internet has rapidly expanded its footprint, laying over 250,000 metres of fibre and connecting more than 10,000 homes as of mid-2024. The company listed on the NGX in April 2025, raising capital to fund nationwide expansion.
Spectranet, established around 2010 and headquartered in Lagos, operates as a licensed ISP using 4G LTE technology in the 2.3 GHz band. The company is known for its affordable unlimited and high-volume data plans, serving both residential and business customers.
It has also been expanding its fibre offerings, including home fibre and hybrid “fibre-on-air” solutions in select cities.
Industry Implications
Analysts say the merger reflects a broader trend of consolidation in Nigeria’s telecom and broadband sector, as providers seek scale to compete on infrastructure, pricing, and service delivery.
If completed, the deal could:
- Intensify competition among ISPs
- Improve broadband quality and reliability
- Accelerate Nigeria’s digital transformation agenda
What’s Next
Both companies say they will continue to keep the market informed as the process progresses, with investors and industry stakeholders closely watching regulatory decisions in the coming months.
The merger signals a significant step toward building stronger, more integrated broadband networks to meet Nigeria’s rising connectivity demands.
