The company disclosed that its capital expenditure surged by 92.89 per cent, rising sharply from ₦202.4 billion recorded in Q1 2025 to ₦390.3 billion in Q1 2026. This substantial increase underscores its strategic commitment to strengthening network infrastructure and enhancing customer experience across its operations.
According to the company, the investment is aimed at improving capacity, expanding coverage, and ensuring consistent network reliability, which remains critical to supporting everyday digital activities. From voice calls and messaging to streaming services and business operations, the company emphasized that a dependable network remains at the core of modern communication and economic activity.
With a subscriber base of 89.5 million, the company acknowledged the significant responsibility it carries in delivering seamless connectivity. It noted that as digital demands continue to evolve, its priority remains ensuring that its network can adequately support how customers live, work, learn, and interact both now and in the future.
The company further highlighted that its performance is not solely measured by financial growth, but by its ability to translate investments into tangible improvements that customers can experience and trust. It reiterated its commitment to sustaining this momentum by focusing on areas that deliver the most value to users.
Buoyed by its strong first-quarter results, the company expressed confidence in its strategy, stating that it will continue to invest strategically in infrastructure and innovation to connect millions of Nigerians to opportunities in an increasingly digital economy.
Stakeholders and the general public are encouraged to access the full financial report as well as insights from the Chief Executive Officer for a deeper understanding of the company’s performance and outlook.
