TELECOM FIRM RAISES FUNDS TO EXPAND FIBRE NETWORK ACROSS NIGERIA

A Nigerian telecom operator has turned to the bond market to raise funds for the expansion of its fibre connectivity infrastructure, as demand for faster and more reliable internet services continues to grow.

The company said the financing will support the rollout of fibre networks, improve broadband access, and strengthen digital connectivity for businesses and consumers. The move is part of broader efforts by telecom operators to invest in infrastructure that can support Nigeria’s growing digital economy.

Industry experts say increased investment in fibre infrastructure is critical to improving internet speed, reducing connectivity gaps, and enabling the growth of sectors such as fintech, e-commerce, remote work, and cloud services.

The bond issuance reflects growing interest from telecom companies in alternative funding sources to finance long-term infrastructure projects. Analysts noted that expanding fibre networks requires significant capital, making access to sustainable financing essential for continued industry growth.

The telecom operator reaffirmed its commitment to enhancing digital inclusion and supporting Nigeria’s transition toward a more connected economy through improved broadband infrastructure.