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The development, disclosed in a corporate filing submitted by Legend Internet to the Nigerian Exchange (NGX) on Monday, March 23, 2026, signals a major consolidation move in the country’s broadband sector.
According to the filing, the transaction has received approval from the boards of directors and shareholders of both companies and is now moving towards regulatory clearance, with completion expected in the second quarter of 2026.
Legend Internet confirmed that the merger will combine the operations of both companies under a unified corporate structure, allowing them to pool resources and enhance their service offerings across Nigeria.
“This is to inform the Nigerian Exchange Limited and our esteemed shareholders and stakeholders of the proposed merger between Legend Internet Plc and Spectranet Limited,” said Company Secretary Erinma Onuoma, noting that the agreement follows a board and shareholder resolution passed in late 2025.
The company added that the merger is expected to strengthen network capacity, reduce operational costs and expand broadband coverage nationwide, thereby positioning the combined entity to compete more effectively in Nigeria’s fast-growing digital economy.
