Legend Internet

Public data, unclaimed profile

First internet service provider listed on the NGX. Merger with Spectranet announced on 23 March 2026, pending FCCPC and NCC approval. Strategic investor profile: excluded from matching.

At a glance

Based on observed investment behaviour: 1 recorded deal

Investor type: Strategic or industrial group (inferred, not verified)
Capital type: Strategic investor (inferred from profile)
Observed ticket: Data unavailable
Countries: Nigeria (1)
Activities: Telecom operators and ISPs (1)
Instruments: Equity (1)
Stages: Growth (1)
Recent activity: 1 deal in 12 months, latest Mar 2026

Stated thesis versus observed behaviour

Fewer than three recorded deals: insufficient evidence to compare thesis and behaviour.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket: n/a
Instruments: Equity
Preferred sectors: Telecoms & digital infrastructure
Target geographies: Nigeria
Stages (stated by the fund and from its deals): Growth

Deals in progress

Spectranet

March 2026 · Nigeria

Signed, conditions pendingGrowthUndisclosed amountEquityTelecoms & digital infrastructureLead

Approved by boards and shareholders; pending FCCPC and NCC (completion targeted for Q2 2026, not announced to date).

Activity : Telecom operators and ISPs

Instrument : Merger of Legend Internet and Spectranet; combined entity valued at about ₦80bn (US$58m)

Nigeria's largest internet service provider.

Source : techcabal.comN2 · Cross-checked (2+ outlets) · Other sources : Nairametrics

In short

Legend Internet invests across the following sectors: Telecoms & digital infrastructure, in the following areas: Nigeria. Check in 30 seconds whether your company fits these criteria.

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