Legend Internet’s ₦10bn paper draws 119.7% subscription as Investors back broadband push
- Legend Internet Plc closed its ₦10 billion commercial paper at 119.7% subscription, exceeding the offer size.
- The issuance is part of a ₦10 billion multi-layered financing programme aimed at scaling broadband across Nigeria.
- The company plans to raise up to ₦150 billion for fibre expansion, working capital, and acquisitions.
Legend Internet Plc's successful fundraising and strategic expansion into digital infrastructure signify a pivotal moment for Nigeria's tech landscape. The convergence of telecom and finance under one brand could potentially transform internet adoption and create new revenue streams, making it an exciting area for further investment and innovation discussions.
