Telecom
Starcomms Holds Shareholders Briefing on Capcom’s Deal
Starcomms Plc will this morning (Thursday) start hosting a series of shareholders’ meetings to present the structure of the proposed $210 million investment in the company by Capcom.
The meetings, coming ahead of a court ordered and annual general meetings on December 28 will enable Starcomms respond to and address any shareholder concerns.
In Lagos, the meeting will hold at Westown Hotels, Ikeja at 10 and another will be held on Friday at the Lagos Oriental Hotel by 11 am while the Abuja arm is slated for Transcorp Hilton Hotel on Monday at 12 noon.
It would be recalled that Capcom Limited, a major equity investor has proposed a capital investment of cash and assets independently valued at $210 million in the merger of Nigeria’s three Code Dvision Multiple Access (CDMA) operators..
The proposed transaction will create a leading CDMA operator in Nigeria and represents a fundamental step as part of the consolidation move in Nigeria’s telecoms industry.
With the benefit of the 20 MHz of contiguous 1900MHz spectrum to be held by the consolidated operations, the largest spectrum allocation for any mobile operator in Nigeria, Starcomms will be at the forefront of the shift away from current generation of services into an LTE technology platform capable of delivering new 4G and related data and other services that would offer customers substantially improved performance.
Monetising the new broadband services and applications would provide Starcomms with crucial first mover advantage in the Nigerian market with its 4G / LTE network rollout.
As part of the agreement, Capcom has agreed to cause the contribution to Starcomms of certain CDMA assets over which it intends to acquire control in separate, but related transactions. Capcom would contribute to Starcomms assets including the spectrum licence of MTS and the CDMA mobile telecoms business of Multi-Links.
In addition to facilitating the CDMA consolidation, Capcom would provide $98 million in cash to finance the post-acquisition integration of these assets to meet on-going short-term losses in the business and to deliver the combined company’s new business plan.
In return for its investment into Starcomms, Capcom would receive new Starcomms shares which would result in Capcom owning 90.5 per cent of Starcomms restructured issued share capital.
In consideration of their proposed sales of certain assets to Capcom, both Helios Towers Mauritius Holdings Limited and Asset Management Corporation of Nigeria (AMCON) will own stakes in Starcomms (together representing less than 12 per cent of Capcom’s equity following Capcom’s investment) derived from Capcom’s shareholding on completion.
Capcom was founded by MBC, a trust of 20 years standing whose portfolio companies manage over $1.25 billion in the asset management and commercial banking sectors focused on emerging markets. Capcom has attracted a group of family offices and funds committed to investing in the Nigerian telecommunications industry and participating in the development of the sector.
The backers comprise of a number of African and emerging market funds including Pan African Capital’s asset management division PAC Asset Management and two private family offices with long experience of investing in Africa, Bridgehouse Capital and OldonyoLaro Estates.
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
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