Today’s telecom news includes announcements on AMCON, NTEL/NATCOM, BharatNet, Telefonica, Telxius, among others.
AMCON Launches NTEL Divestment to Attract Strategic Telecom Investors
The Asset Management Corporation of Nigeria (AMCON) has begun the divestment of its stake in NTEL/NATCOM after repositioning the telecom operator to attract credible strategic investors. The move follows AMCON’s successful exit from the power sector through the sale of Ibadan Electricity Distribution Company and reflects its broader strategy to recover value from distressed assets. According to Managing Director Gbenga Alade, NTEL has undergone significant operational and structural transformation, making it more attractive for long-term investment. AMCON also highlighted stronger debt recovery efforts during the first half of 2026, reinforcing its commitment to improving financial performance while enabling sustainable growth for NTEL under new ownership and supporting Nigeria’s evolving telecommunications sector.
India’s $17 Billion BharatNet Expansion Set to Transform Rural Digital Connectivity
India is accelerating its digital transformation through the nearly $17 billion BharatNet project, which aims to deliver high-speed broadband connectivity across rural regions and strengthen nationwide telecom infrastructure. Union Communications Minister Jyotiraditya Scindia said the initiative will integrate telecom and broadband networks to create a new digital revolution, expanding access to education, healthcare, e-governance, digital payments, and business opportunities. As one of the world’s largest rural broadband programs, BharatNet is designed to provide non-discriminatory fiber access for telecom operators and internet service providers while improving connectivity in underserved communities. The project is expected to narrow the digital divide, boost economic growth, and enhance digital inclusion across India.
Telefonica Advances Telxius Sale to Sharpen Strategic Focus and Unlock Value
Telefonica is advancing plans to sell its majority stake in submarine cable operator Telxius as part of its 2026 – 2030 strategic transformation aimed at simplifying operations and strengthening its focus on core European and Brazilian markets. The company, together with minority shareholder Pontegadea, has launched the sale process, with reports valuing Telxius at approximately €1.2 billion. Telxius operates more than 100,000 kilometers of submarine cable infrastructure connecting Europe, the Americas, and other global markets, making it a valuable digital infrastructure asset. The proposed divestment is expected to improve Telefonica’s financial flexibility, streamline its portfolio, and support future investments in high-growth telecommunications businesses.
SHAFANA FAZAL
