Telecom
A Greener Future for the Telecoms Industry

The telecommunications industry globally has experienced growth and transformation, with a rapid increase in data usage and the development of infrastructure to cater to the ever-growing demands of consumers. However, this growth has also brought about environmental concerns.

According to a 2024 report by the World Bank Group, the Information and Communication Technology (ICT) sector contributes at least 1.7 percent to greenhouse gas (GHG) emissions globally.
With climate change and global warming becoming growing concerns, it has become necessary for operators within the telecommunications sector to be aware of the impact of their operations on the environment and take responsible measures to curb the negative ways in which they could affect the environment.
Fortunately, several organizations within the industry have stepped up to imbibe Environmental, Social and Governance (ESG) principles, realizing the need to implement policies and strategies that are geared towards environmental sustainability.
British multinational telecommunications company, Vodafone, has set out an extensive climate transition plan as it hopes to achieve an absolute reduction of at least 90% of GHG emissions in its operations worldwide by 2040. So far, the company has been able to reduce the amount of energy required for each unit of data traffic across its network by 65% less than what was needed in 2020. Also, since 2021, 100% of the grid electricity used in its operations across Europe has been matched with renewable energy sources.
In the United States of America, AT & T has created the Climate Change Initiative (CCI) which is committed to promoting the utilization of smart climate solutions that use AT&T connectivity to reduce greenhouse gas emissions. The company is known to be one of the largest corporate buyers of renewable energy in the United States.
Within the local telecommunications sector, MTN Nigeria has recognized its responsibility to protect the planet and consider the impact of its operations on the environment. As such, the telecommunications giant has taken active steps towards ensuring best practices for a sustainable future.
In 2021, MTN launched its Project Zero Initiative, in line with its long-term goal of reducing greenhouse gas (GHG) emissions and its overall carbon footprint. The organization has gradually transitioned from utilizing high-emission energy sources to eco-friendly and cost-effective alternatives.
According to its 2023 Sustainability report, the company has implemented several energy efficiency measures, including the utilization of 5G and fibre using renewable energy sources in operations and sensitising its value chain actors on energy management and efficiency. These innovative steps have significantly paid off, as MTN achieved a 10.3% reduction in scope 1 and 2 emissions in 2023, compared to the emission values in 2021.
Scope 1, being the emissions from energy sources directly used and controlled by MTN, decreased from 65,899 tCO2e in 2021 to 58,356 tCO2e in 2023. The telco was also able to manage emissions from its energy production sources, which account for Scope 2 emissions, reducing the emission value from 44,196 tCO2e to 40,360 between 2021 and 2023. These reductions in scope 1 and 2 emissions were achieved, despite MTN’s 5.3% increase in total energy consumption in 2023.
The telco has also taken up the responsibility to sensitize its value chain actors on energy management and efficiency, as they are responsible for Scope 3 emissions, which are the toughest to reduce.
With its 2 to 1 SIM Registration Device Revival initiative, MTN has also been able to manage e-waste, which is also a contributor to GHG emissions. The initiative, which involves dismantling two devices to retrieve one, is expected to divert 11,760kgs of e-waste from landfills.
Although MTN has made these impressive strides in its sustainability goals, it is only a fragment of what the company intends to achieve, as the goal is absolute carbon neutrality.
Speaking on MTN’s commitment to protecting the planet and the Project Zero initiative, the Chief Technical Officer, Mohammed Rufai, said “With a core focus on reducing our carbon footprint to achieve Net Zero by 2040, Project Zero exemplifies our dedication to sustainability and drives transformative change across all aspects of our operations. By prioritising initiatives like renewable energy adoption and green technology integration, Project Zero helps us meet our sustainability goals”.
Even as the telco moves towards expansion, it remains committed to its environmental sustainability goals. The company has stated that its soon-to-be-launched data centre will operate using eco-friendly energy sources with low-emission properties and eventually move to utilizing zero-emission energy sources.
The telecommunications sector is a significant contributor to innovation and economic growth within a nation. But it must also be a frontrunner in environmental sustainability. With notable organizations like MTN embracing eco-friendly practices, the industry can reduce its environmental impact and contribute to a sustainable future.
Telecom
Legend Internet Reports Losses despite N505m Revenue

Legend Internet Plc has reported a loss for the six months ended January 31, 2026, as rising operating costs and finance charges weighed on earnings, according to its latest management financial statements filed on the NGX platform.

The company posted revenue of N505.36 million for the period, down from N622.64 million recorded in the corresponding period of 2025, reflecting a contraction in topline performance.
Despite generating a gross profit of N322.99 million, Legend Internet’s profitability was eroded by elevated administrative expenses, which surged significantly to N457.62 million from N166.78 million in the prior year.
This drove the company to an operating loss of N134.63 million, compared to an operating profit of N244.55 million a year earlier.
Finance costs further pressured the bottom line, rising to N64.71 million, while interest income provided only a limited offset.
Consequently, the company recorded a loss after tax of N99.34 million, a sharp reversal from the N239.85 million profit posted in the same period of 2025.
Earnings per share also declined into negative territory, closing at a loss of 11 kobo compared with earnings of 12 kobo in the prior period.
A review of the company’s financial position showed total assets increased to N3.45 billion as of January 2026, up from N3.21 billion in July 2025, driven largely by growth in cash and cash equivalents and receivables.
However, shareholders’ funds weakened to N2.55 billion from N2.80 billion, reflecting the impact of the reported loss and dividend payments.
Cash flow analysis indicates that net cash used in operating activities stood at N237.48 million, highlighting liquidity pressure in the core business.
This was partially offset by financing inflows, including loans, which helped lift cash balances during the period.
Further breakdown showed personnel costs rose markedly to N153.50 million, underscoring increased staff-related expenses, while depreciation and amortisation charges remained significant due to ongoing investments in network infrastructure.
The results underlined the pressure on smaller telecom and internet service providers navigating high operating costs, currency volatility, and infrastructure demands within Nigeria’s competitive digital services market.
Telecom
Airtel Africa Records Strong Market Gains, Strengthening Investor Trust

Airtel Africa has emerged as the standout large-cap performer on the Nigerian Exchange (NGX), recording a 10 per cent gain in a single trading week and reinforcing its position as one of Africa’s most resilient and valuable telecommunications companies.

The telecoms giant closed the week at ₦3,655.70 per share, up from ₦3,323.40, making it one of the strongest contributors to market performance during a period characterised by selective investor activity and sector rotation.
The strong performance reflects growing investor confidence in Airtel Africa’s business fundamentals, diversified revenue streams, and long-term growth strategy. Analysts note that the company continues to attract attention from investors seeking stable, high-quality stocks capable of delivering sustainable value despite ongoing macroeconomic uncertainties.
Unlike many of the week’s gainers, whose performance was largely driven by speculative trading and short-term market positioning, Airtel Africa’s rise was underpinned by confidence in its operational strength and strategic importance within the telecommunications sector.
Market watchers have identified Airtel Africa as a preferred investment destination due to its strong earnings profile, extensive regional footprint, and exposure to foreign currency-linked revenue streams. These factors have helped position the company as a key stabiliser within the NGX, particularly at a time when investors are increasingly selective in deploying capital.
The company’s performance also highlights the growing importance of telecommunications firms in driving economic growth and digital transformation across Africa. Through continued investments in network expansion, digital services, enterprise solutions, and financial inclusion initiatives, Airtel Africa remains at the forefront of enabling connectivity and economic opportunity for millions of people across the continent.
Beyond its stock market performance, Airtel Africa continues to strengthen its position through investments in digital infrastructure, mobile financial services, and technology-driven solutions that support businesses, governments, and communities. These initiatives have become increasingly important as demand for connectivity and digital services continues to accelerate across Africa.
Airtel Africa’s latest performance underscores confidence in the company’s long-term prospects and its ability to create sustainable value for shareholders. The milestone also reflects the market’s recognition of Airtel Africa’s role in shaping Africa’s digital future through innovation, connectivity, and inclusive growth.
With telecommunications remaining a critical enabler of economic development, Airtel Africa’s strong showing on the NGX serves as another indicator of the company’s continued momentum and leadership within the sector.
Telecom
AVEVA Brings AI, Digital Twin Revolution to Nigeria’s Industrial Sector

AVEVA, a global leader in industrial software, will host the first edition of AVEVA Day Nigeria, on 11 June 2026 at the EKO Hotel, Victoria Island, Lagos.

AVEVA
Built around the theme, “Driving the Transformation: Leveraging Digital Technologies and AI to Achieve Operational Excellence, Increase Efficiency and Reduce Emissions,” the one-day event will bring together industry leaders to discuss how AI, Digital Twin, and cloud-native industrial platforms are transforming the design, construction, and operation of assets.
The event will host AVEVA leadership, technical experts, customers, ecosystem partners, EPCs, and decision-makers from across Nigeria’s energy and process industries.
Nigeria’s industrial sector is entering a new phase with operators under pressure to improve operational reliability, cut emissions, and unlock gas monetisation opportunities cost-effectively. Digital technologies have emerged as a key enabler of this balancing act.
The International Energy Agency’s Africa Energy Outlook highlights the growing role of AI and digital tools in balancing Africa’s energy ambitions with its sustainability goals. At the same time, initiatives such as the African Union’s Digital Transformation Strategy for Africa (2020–2030) and Nigeria’s National Digital Economy Policy and Strategy are helping create the foundation for wider adoption.
Khaled Salah, Vice President – Africa, AVEVA, said: “Nigeria’s industrial economy is one of the most dynamic industrial markets in the EMEA region. As industries navigate growing demands around efficiency, sustainability, and resilience, technologies such as digital twin, industrial AI, and connected ecosystems are becoming central to transformation strategies. Through AVEVA Day Nigeria, we want to bring our global expertise closer to local industry leaders and demonstrate how the convergence of AI and industrial software can help local enterprises compete, and lead, on the world stage.”
Hanno Van Niekerk, Market Leader – Sub Saharan Africa, AVEVA said: “Nigeria has the scale, resources, and industrial ambition to become one of the leading energy and industrial hubs in the region. With continued investments in power infrastructure, and industrial development, the country is well positioned to drive long-term economic growth and strengthen energy access across Africa. At AVEVA, we are proud to support this journey by helping organisations leverage digital innovation to enhance operational performance, accelerate transformation, and advance sustainability goals.”
The event will begin with a welcome note from Khaled Salah, followed by a keynote from Gaurav Panpaliya, Enterprise Architect, AVEVA, on how AI-enabled Digital Twins are guiding industries towards autonomous, sustainable operations, supported by examples from global energy companies.
It will also feature interactive round table discussions hosted by Gururaj Purohit, structured around three focus tracks – Design & Build track, that will engage EPCs, capital project teams, and engineering companies, the Operate & Optimise track covering enterprise visualisation, process optimisation, asset reliability, AI/ML-based predictive analytics, and Predictive Asset Optimisation (PAO) and the IT/OT and Data Management track, focusing on the CONNECT industrial intelligence platform and how it underpins next-generation industrial operations.
Attendees will get a chance to explore the full scope of AVEVA’s industrial intelligence capabilities through a series of focused technical and industry sessions along with dedicated customer and partner presentation slots throughout the day.
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