Legend Internet moves to acquire ISP and microfinance bank
- Legend Internet Plc is expanding into telecom and finance by acquiring a licensed Internet Service Provider and a microfinance bank.
- The company received approval to raise up to ₦150 billion in new capital and issue 10 billion ordinary shares.
- These acquisitions aim to unify Internet access and financial inclusion under one platform.
Legend Internet's strategic expansion into telecom and finance is a promising move that could significantly enhance its service offerings and market presence. However, the success of these acquisitions will depend on effective integration and execution, as well as navigating the regulatory landscape in Nigeria's competitive tech environment.
