Telecom
Starcomms Seeks Shareholders Nod for Capcom’s Lifeline

Starcomms Plc is seeking its shareholders’ approval to allow the injection of the much needed capital; technology; and expertise from Capcom Limited to rejig the troubled operator.
The shareholders nod at the company’s 2011 annual general meeting and court-ordered meeting scheduled for December 28, would pave way for the creation of the biggest CDM operator in the country which promises better returns on investment for all the stakeholders.
Starcomms said yesterday it is posting shareholders documentation relating to Capcom Limited proposed investment into the Company.
Capcom is the special purpose vehicle solely created to make an equity investment into Starcomms and was established in 2012 with money raised from investment and hedge funds, family offices and industry partners with years of commercial experience in emerging markets, especially Africa.
Starcomms has recently faced severe operational and financial challenges on account of the shifting competitive landscape in Nigeria’s telecommunications industry.
The challenges have resulted in the company operating with an unsustainably high level of debt and a stagnating operating performance.
As a consequence, Starcomms faces severe liquidity crisis and the board of directors has therefore considered options available to introduce new capital into the Company.
Without this new capital the company will fail as a going concern and shareholder value will be lost.
Olusola Oladokun, interim CEO of Starcomms Plc said, “Starcomms has experienced significant challenges over the past two years, at the heart of which have been the changing competitive and operational dynamics of the Nigerian telecommunications industry, especially in the voice business.
“As a result, the Board of Directors has been considering a number of options to re-position the Company for growth. After careful consideration, we believe that the investment by Capcom, which will provide the capital required for continued operations as well as enabling investment in new technology, combined with the injection of new spectrum and the CDMA assets of Multi-links, creates the best possible platform for Starcomm’s future. We strongly recommend – and look forward to – the transaction being approved by our Shareholders.” He added.
The new Starcomms will provide a strong and stable platform for the future, with the newly invested capital allowing the Company to service current debt obligations and so remain a going concern whilst enabling it to invest for future growth.
Capcom will inject US$98 million of cash and US$112million of independently valued assets into the Company with the proposed rights issue subsequently raising further cash for use as working capital.
Ademola Eleso, Capcom’s CEO designate for Starcomms post transaction completion, said: “the opportunities for data providers in Nigeria have only started to be tapped. By combining additional spectrum from Multi-Links and MTS with the existing network and subscriber base of Starcomms we believe we can quickly create Nigeria’s leading provider of mobile broadband through an industry-leading “4G”-LTE network. This can only be good news for Starcomms’ loyal customers, partners, staff and Shareholders and I and our whole team look forward to the challenge of building Nigeria’s new Broadband internet champion.”
The new Starcomms will also provide access following completion of the transaction, to a contiguous 20MHz of spectrum in the 1900MHz range, the largest such allocation of any telecoms provider in Nigeria following the injection into the Company by Capcom of the spectrum allocations of Multi-Links and MTS.
This aggregation of spectrum will enable Starcomms to deliver a complete range of mobile broadband services using new generation IP-enabled, highs peed broadband 4G/LTE technology.
According to the Capcom, the new business will be a focused and strong business model based on the Company’s core offering, data services, the highest margin per user segment in the industry.
It is promised a market driven, fair and transparent recapitalisation solution for the Company that offers opportunities for Shareholders as the company develops as well as afresh and experienced management team and a new Board of Directors with extensive experience in telecoms globally and with a proven culture of adherence to corporate governance best practice and a track record of risk management excellence.
The Transaction will be effected through a scheme of arrangement to be followed by a Private Placement and a Rights Issue.
The Scheme will involve the cancellation of N3,448,646,872 in the Company’s share capital, comprising 6,897,293,744 ordinary shares of 50 kobo each, and the subsequent issuing of 662,550,000new, fully paid up ordinary shares to Capcom, constituting 90.5% of the post scheme-reorganised, issued share capital.
As part of the Transaction, Capcom will inject a combination of assets and cash into Starcomms worth $210 million.
Part from the shareholders, the transaction is also subject to obtaining various regulatory approvals including those of the Federal High Court, the Securities and Exchange Commission and the Nigerian Communications Commission which has already confirmed its “approval-in-principle”.
On the basis that the scheme and special resolutions are duly voted on and approved by Shareholders it is intended that following the necessary regulatory approvals Capcom will take control of Starcomms, install new management and nominate a new board of directors.
The company will be embarking on an investor roadshow to present the transaction to Shareholders, the dates and venues for which will be communicated to them directly. For those Shareholders unable to attend in person the Presentation will also be available to download on the investor relations section of the Starcomms website at:ir.starcomms.com
Telecom
Why Nigeria Must Embrace .ng Now – NiRA Reveals Five Critical Steps

Nigeria Internet Registration Association (NiRA) has outlined five strategic pathways to accelerate the adoption of the .ng domain and position it as a critical driver of Nigeria’s digital economy.

NiRA
Oluwaseyi Onasanya, Chief Operating Officer of NiRA, presented the framework at a Media Advocacy and Capacity Building Workshop held on April 16.
Onasanya described the .ng domain as a key component of Nigeria’s digital sovereignty, noting that the country has about 65 per cent internet penetration and over 35.6 million Micro, Small and Medium Enterprises (MSMEs) contributing nearly 48 per cent to the Gross Domestic Product (GDP).
She said the first pathway involves mandating the use of .ng domains across all Ministries, Departments and Agencies (MDAs), as well as subnational entities, government vendors and tax remitters.
According to her, this would ensure that all official digital communications with government institutions are conducted through .ng platforms, while also linking domain usage to Corporate Affairs Commission (CAC) registration and procurement processes.
The second strategy focuses on a nationwide awareness campaign tagged “Own Your .ng, Own Your Future,” aimed at promoting the domain as a symbol of national identity, trust and economic value.
Onasanya said the third pathway calls for leadership from the private sector, urging banks, telecommunications companies, startups and SMEs to adopt .ng domains and integrate them into onboarding processes.
She added that the fourth strategy seeks to position .ng as a secure and regulated alternative to foreign domains, enhancing consumer confidence, improving local search visibility and strengthening jurisdictional control.
The fifth pathway centres on expanding the digital ecosystem by strengthening registrar networks, simplifying user experience and integrating .ng domains into internet service providers, digital platforms and national performance metrics.
Onasanya warned that Nigeria’s domain adoption rate remains low compared to global peers, noting that the country has approximately one domain per 855 citizens, far behind countries like Germany, the United Kingdom and China.
She cautioned that low adoption could lead to capital flight, as businesses continue to rely on foreign domain platforms in an increasingly digital global economy.
She also called on the media to drive awareness, shape public perception and promote adoption by highlighting the economic value of .ng domains across sectors.
“Without media, .ng stays technical. With media, it becomes economic,” he said.
NiRA said that over 240,000 .ng domains have been registered so far, with projections indicating continued growth as Nigeria targets a $1 trillion economy by 2030.
Telecom
Tech Shake-Up: Snap Cuts Hundreds as AI Drives Efficiency Push

Snap Inc., the parent company of Snapchat, has announced the layoff of about 1,000 employees as part of efforts to improve efficiency through artificial intelligence.

Evan Spiegel, chief executive officer, disclosed this in a memo on Wednesday, noting that the cuts represent about 16 per cent of the company’s full-time workforce and include the elimination of more than 300 unfilled roles.
Spiegel said advancements in artificial intelligence were enabling teams to reduce repetitive tasks, increase productivity and accelerate project execution.
“We believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity and better support our community, partners and advertisers,” he said.
He added that smaller teams using AI tools had already delivered meaningful progress across key initiatives.
The California-based firm said the restructuring would help cut over $500 million in annual costs by the second half of the year, providing a clearer path to profitability.
Spiegel described the decision as difficult, expressing regret over the impact on affected employees.
“This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us,” he said.
Snap joins a growing number of technology companies downsizing their workforce while citing productivity gains from artificial intelligence.
The company has undergone multiple rounds of layoffs in recent years amid stiff competition from rivals such as Instagram, TikTok and YouTube.
Meanwhile, activist investor Irenic Capital Management recently disclosed a 2.5 per cent stake in Snap, calling for cost-cutting measures, including a review of its Spectacles smart glasses unit.
Shares of Snap rose by more than 7.5 per cent following the announcement, although the stock remains down compared to earlier in the year.
Data from Layoffs.fyi shows that more than 72,000 employees have been laid off by nearly 90 tech companies globally so far in 2026.
Telecom
NBC Warns Broadcasters Against Bullying Guests, Passing Opinions as Facts

National Broadcasting Commission (NBC) has cautioned broadcast presenters against bullying guests during live interviews or presenting personal opinions as facts, warning that such actions will attract sanctions.

NBC
In a statement issued on Friday, the commission said it had observed a rise in violations of the sixth edition of the Nigeria Broadcasting Code across news, current affairs and political programmes.
“Broadcast platforms are increasingly being deployed in ways that depart from their core obligation to inform the public with accuracy, balance and professionalism,” the NBC said.
The commission noted that some anchors and presenters were deviating from professional standards by denying fair hearing to opposing views and compromising neutrality during broadcasts.
It stressed that such conduct violates provisions of the broadcasting code, which require impartiality and fair representation of all sides on issues of public interest.
“Henceforth, any anchor or presenter found to have expressed personal opinion as fact, bullied or intimidated a guest, denied fair hearing to opposing views, or otherwise compromised neutrality, shall be deemed to have committed a Class B breach,” the statement added.
The NBC also raised concerns over the growing use of broadcast platforms by political actors to promote divisive, inflammatory and unverified content.
It emphasised that broadcasters bear full editorial responsibility for all material aired, including live programmes, and cannot transfer that responsibility to guests.
The commission reiterated its commitment to enforcing strict compliance with the broadcasting code, warning that violations involving hate speech, incitement and imbalance would attract appropriate sanctions.
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