adminremain anonymous told CAJ News Agency yesterday that the proposed merger which will be through a US$200 million business combination deal between the three companies, is a move to revive the dying arm of Nigerian CDMA telecoms sector.
The source also revealed that three companies has agreed to call the new corporate merger entity CAPCOM and that the development would soon be make public.
“Specifically, the US$200 million investment would be injected by core investors into the emerging CAPCOM” the source said.
CAJ News Agency further findings on the merger reveal that the emerging company has as its shareholders, MBC, 53 percent shares;Middle East Capital Group, 25 percent shares, while Helios Investment Partners has 11 percent shares stakes.
Others that hold shares in the company include Oldonyo Laro Estate five percent; Bridgehouse Capital Limited three percent; Asset Management Company of Nigeria, two percent and private equity investors with one percent. — CAJ News.
Online Reporter
- Herald
- June 2, 2026
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