Legend Internet Plc has announced a proposed merger with Spectranet Limited to strengthen operations.
The company formally notified the Nigerian Exchange Limited and its stakeholders of the development.
This move aims to unify both companies under a single, efficient corporate structure.
The decision follows board approval in October 2025 and shareholder consent in November 2025.
It reflects a strategic effort to expand influence within Nigeria’s telecommunications sector.
By combining resources, both firms plan to build a stronger and more competitive network.
The merger will integrate fibre and wireless infrastructure to improve service delivery.
As a result, customers can expect better connectivity and wider coverage in urban areas.
Additionally, the integration will enhance network capacity and operational efficiency.
According to Company Secretary Erinma Onuoma, the deal aligns with long-term growth strategies.
It also supports expansion in broadband infrastructure across Nigeria’s digital economy.
Furthermore, the company expects improved revenue growth through operational synergies and increased scale.
The merger is projected to deliver strong financial benefits for investors over time.
It is expected to boost earnings capacity while strengthening the company’s competitive position.
Consequently, shareholders may benefit from sustainable long-term value creation.
However, the transaction remains subject to regulatory approvals from key authorities.
These include the Federal Competition and Consumer Protection Commission and the Nigerian Communications Commission.
Both bodies must review and approve the merger before final completion.
If approvals are secured, the deal is expected to close in the second quarter of 2026.
This development marks a significant consolidation within Nigeria’s growing digital economy.
Legend Internet Plc has assured stakeholders of transparency throughout the merger process.
