Legend Internet Plc Earns A3 Rating from Agusto & Co, Plans Lagos Expansion

Legend Internet Plc has received an investment-grade rating of A3 with a Stable Outlook from Agusto & Co, a leading credit rating agency in West Africa. This rating signifies strong validation of the company's business fundamentals, growth strategy, and financial stability.

Legend's satisfactory financial condition, low leverage, and robust infrastructure investments across the Federal Capital Territory (FCT) have contributed to its positive rating. The company's plans for expansion into Lagos through mergers and acquisitions, alongside organic growth in Abuja, indicate a promising future.

With a focus on customer activation and cost optimization measures, Legend Internet is poised for efficient scaling and profitability, especially with the recent tariff hike approval by the Nigerian Communications Commission (NCC).