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FCCPC DIRECTS MULTICHOICE NIGERIA TO MAINTAIN CURRENT PRICES PENDING INVESTIGATION

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The Federal Competition and Consumer Protection Commission (FCCPC) has instructed MultiChoice Nigeria to maintain its current subscription prices until the ongoing investigation into its proposed price hike is concluded. This directive follows MultiChoice Nigeria’s request for an extension regarding its scheduled appearance before the Commission.

According to FCCPC Director of Corporate Affairs, Mr Ondaje Ijagwu, “While the FCCPC has granted the request, the company is now required to attend the rescheduled investigative hearing on March 6, 2025, along with all relevant officers and a comprehensive response.”

Mr Ijagwu stated that MultiChoice is “expressly instructed to maintain the existing price structure as of February 27, 2025, pending the Commission’s review and final determination on the matter.” He emphasized that maintaining the status quo on pricing is essential to prevent any potential consumer harm during this period, and further updates will be provided as the investigation progresses.

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Business

Starlink Reopens High-Cost Business Plan in Lagos, Abuja, Port Harcourt

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Starlink, the satellite internet service owned by SpaceX, has reopened its Business (Priority) subscription plan in Lagos, Abuja and Port Harcourt after months of “Sold Out” notices in Nigeria’s major urban centres.

The reopening, which took effect on February 14, 2026, restores a previously suspended service tier that was paused alongside residential subscriptions as network congestion worsened in high-demand cities. The move does not introduce a new product but reactivates access to the premium package for customers willing to pay higher fees.

Under the Business plan, subscribers are required to pay ₦159,000 (about $99.38) monthly, excluding hardware costs that can exceed ₦4 million ($2,500). This places the package significantly above the residential plan, which currently costs ₦57,000 ($36) per month.

In several high-demand neighbourhoods such as Victoria Island, Ikoyi, Lekki and Surulere in Lagos, as well as parts of Abuja, new residential subscriptions remain unavailable. Prospective users in those areas are being prompted to either upgrade to the Priority plan or place deposits to join a waitlist without a definite activation date.

A review of multiple Lagos locations on Starlink’s website indicates that only Priority plans are currently accessible in many districts due to sustained demand pressures.

The development comes amid rising competition in Nigeria’s satellite broadband market. In January 2026, Amazon secured regulatory approval to operate its satellite internet service, Project Kuiper, in Nigeria—signalling intensifying rivalry in the sector.

Starlink’s capacity constraints in Nigeria, similar to challenges faced in Kenya, have been building since late 2024. After reaching capacity in major cities, the company became embroiled in a pricing dispute with the Nigerian Communications Commission over proposed tariff adjustments that had not received final regulatory clearance.

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The disagreement contributed to an eight-month nationwide freeze on new residential subscriptions between November 2024 and June 2025. Although residential orders resumed in mid-2025 at moderated rates, demand in densely populated areas has continued to outpace available bandwidth, leaving several parts of Lagos and Abuja effectively closed to new home users since September 2025.

The Business plan offers either 1TB or 2TB of Priority Data monthly, after which speeds may be deprioritised, though data usage remains technically unlimited. Business subscribers also receive priority technical support and a publicly routable IPv4 address, a feature considered critical for organisations operating servers and secure enterprise networks.

Hardware requirements vary. While the standard Starlink kit costs approximately ₦590,000 ($369), business customers are advised to purchase the Flat High Performance dish, priced between ₦3.15 million ($1,969) and ₦4.1 million ($2,563), to ensure more stable connectivity in demanding environments.

Globally, Starlink has accelerated satellite deployment. As of February 24, 2026, SpaceX had completed 18 Starlink missions this year, launching about 428 satellites. The active constellation now exceeds 9,700 satellites, including newer Direct-to-Cell units designed to connect directly to smartphones.

By reopening its premium tier in Nigeria’s commercial hubs, Starlink appears to be capitalising on sustained urban demand while managing network congestion through higher-priced offerings.

 

 

 

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General News

FAAN AND MTN LAUNCH FREE WIFI AT LAGOS, ABUJA AIRPORTS

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The Federal Airports Authority of Nigeria, in partnership with MTN Nigeria, has launched free WiFi services at the Murtala Muhammed International Airport Terminal 2 in Lagos and the Nnamdi Azikiwe International Airport in Abuja.

The launch of the internet service took place at MMIA Terminal 2 in Lagos on Thursday, and was launched by the Managing Director of FAAN, Olubunmi Kuku, who was represented by the Director of Airport Operations, Captain Abdullahi Mahmood. Also present was Lynda Saint-Nwafor, Chief Enterprise Business Officer of MTN Nigeria, who represented the Chief Executive Officer, Karl Toriola.

The wifi service, which is completely free for passengers and airport users, will be extended to the MMIA temporary terminal and other international airports across the country within the next three months.

In his address, Captain Mahmood described the launch as a milestone for FAAN and a benchmark for digital infrastructure and passenger experience at Nigerian airports. He noted that the partnership with MTN Nigeria demonstrates how effective Public-Private Partnership alignment can modernize infrastructure and strengthen Nigeria’s digital economy.

The Director of Airport Operations added that the initiative aligns with the Renewed Hope Agenda of Bola Tinubu and the transformation drive of the Minister of Aviation and Aerospace Development, Festus Keyamo.

In her remarks, Saint-Nwafor assured that the service would be reliable, secure, and efficient for all users. She commended the FAAN management team for its collaboration and foresight in ensuring the successful completion of the project.

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Business

MTN Agrees $6.2bn All-Cash Deal to Acquire IHS Towers

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MTN Group has reached an agreement to acquire IHS Towers in an all-cash transaction valuing the firm at approximately $6.2 billion, marking one of the largest telecom infrastructure deals involving an African operator.

The agreement follows weeks of negotiations between the companies that had been publicly reported earlier this month. Under the merger terms, IHS shareholders will receive $8.50 per ordinary share in cash, representing a 36% premium to its 52-week volume-weighted average price and about a 3% premium to its unaffected closing price of $8.23 on February 4, 2026.

Executive reactions

Chairman and CEO of IHS Towers, Sam Darwish, described the deal as a compelling opportunity for investors to realize value built over the company’s 25-year history.

He said the announcement provides certainty and immediate returns for shareholders and deepens the long-standing partnership between both firms, combining Africa’s largest mobile network operator with one of its biggest digital infrastructure platforms.

MTN’s Group President and CEO, Ralph Mupita, said the acquisition would strengthen MTN’s strategic and financial position as digital infrastructure becomes increasingly central to economic development across the continent.

According to him, the transaction offers MTN a unique chance to buy back its towers and strengthen its role as a development partner to countries where it operates, while maintaining high service standards for IHS customers.

Board and shareholder backing

IHS Towers’ board has unanimously approved the deal and recommended it to shareholders. MTN, which already owns roughly 24% of IHS on a fully diluted basis, has committed to vote its shares in favour of the transaction.

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Long-term investor Wendel has also pledged support, bringing total committed backing to more than 40% of shareholders.

The cash consideration offers investors a defined exit following a strategic review launched amid geopolitical and macroeconomic volatility in key markets.

Background to the transaction

Earlier in the month, MTN confirmed in a cautionary notice that it was evaluating a potential buyout of minority shareholders of the New York Stock Exchange-listed IHS after market speculation.

The company warned that any deal could materially affect its share price and urged investors to exercise caution when trading its stock pending further announcements.

Financing structure and conditions

The transaction is expected to close in 2026, subject to shareholder and regulatory approvals and other customary conditions.

Funding will come from a combination of:

MTN’s existing stake rollover

About $1.1 billion in cash from MTN

Roughly $1.1 billion from IHS’s balance sheet

Rollover of existing IHS debt

IHS must also maintain a minimum cash balance of $355 million at closing. Completion partly depends on IHS successfully divesting its Latin American tower business and fibre operations, both announced in February 2026.

Financial advisory for IHS is being handled by J.P. Morgan, while legal counsel includes Latham & Watkins LLP and Walkers (Cayman) LLP.

On MTN’s side, advisers include BofA Securities and Citigroup Global Markets Limited, with legal advice from Cravath, Swaine & Moore LLP.

Company profile

Founded in 2001 with an initial focus on Nigeria, IHS Towers has grown into one of the world’s largest independent owners and operators of shared telecom infrastructure.

Headquartered in London and listed in New York since its 2021 IPO, the company manages more than 37,000 towers across seven African markets including South Africa, Cameroon, Côte d’Ivoire and Zambia as well as Latin American operations in Brazil and Colombia. MTN remains its largest customer.

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