By Ayomide Otitoju
Nigerian Exchange Limited-listed telecom operator has released its financial results for the first quarter ended March 31, 2026, reporting a strong start to the year driven by increased infrastructure investment.
The company disclosed that capital expenditure rose by 92.89 per cent to ₦390.3 billion in Q1 2026, up from ₦202.4 billion recorded in the corresponding period of 2025. It said the significant increase underscores its commitment to strengthening network infrastructure and enhancing service delivery.
According to the firm, continued investment in capacity expansion, network quality, and coverage remains critical to supporting the growing digital needs of its customer base.
The operator, which serves 89.5 million subscribers, noted that maintaining a reliable and efficient network is central to enabling communication, business operations, and digital services across Nigeria.
It added that beyond strong financial performance, its focus remains on translating growth into tangible improvements in customer experience, ensuring users benefit from more reliable and accessible connectivity.
The company expressed confidence in sustaining its investment strategy, stating that it will continue to prioritise infrastructure development to support connectivity and expand opportunities for millions of Nigerians.
