Telecom operator ntel has obtained a new round of undisclosed funding as part of efforts to relaunch its operations and return to Nigerias telecom market in the first quarter of 2026.
The fresh capital injection was facilitated by the Asset Management Corporation of Nigeria AMCON, which has been overseeing the companys recovery since taking full management control in 2024. While the size and source of the investment have not been disclosed, the funds are expected to support ntels phased revival plan.
AMCON currently holds a 55 controlling stake in ntel and has led a series of interventions to rebuild the brand, which was originally created to replace the defunct NITEL and MTel. In August 2025, AMCON reportedly injected ?30.72 billion into the company as part of its broader turnaround strategy.
