Nigerian telecom operator ntel has recently secured a new round of undisclosed funding to support its relaunch planned for early 2026. This investment, facilitated by the Asset Management Corporation of Nigeria (AMCON), will help ntel recover from its past financial troubles and management changes. Although the exact amount and source of the funding have not been disclosed, it is part of a broader strategy to stabilize the company before it seeks private investors.
AMCON, which has a 55% controlling stake in ntel, took full management control of the company in 2024 after it faced bankruptcy. Since then, AMCON has implemented several measures to revive ntel, including injecting N30.72 billion in August 2025. The aim is to ensure that the company achieves operational stability, which is essential for attracting credible investors in the future.
To aid in its recovery, ntel has restructured its leadership, appointing Soji Maurice-Diya as the new CEO. The company plans to operate using a hybrid model that combines its existing network assets with mobile virtual network operator (MVNO) capabilities. With over 3,500 kilometers of fiber-optic cable and more than 600 base stations across key cities, ntel is well-positioned to return to the telecom market successfully.
About the Author
