Spectranet

What Spectranet does

Spectranet Limited is a privately held Nigerian Internet Service Provider founded in 2009 by C.K. Ramani, who launched the business in 2013 as Nigeria's first 4G LTE ISP on 2.3 GHz spectrum. The company provides residential, business, and on-the-go broadband across four cities—Lagos, Abuja, Ibadan, and Port Harcourt—using a combination of wireless 4G LTE, fixed-line fiber ("Home Fiber"/"Spectra Elite"), and a hybrid wireless offering ("Fiber on Air"). Its product portfolio spans portable MiFi devices (Freedom, Ace, Titan), home routers (Spark, Whizz, Flame, Turbo), Car WiFi, the WiTel VoLTE voice-over-LTE device, Data SIM plans, and tiered data plans including unlimited FUP plans, DoMore, Mini, and Long Validity packages.

Spectranet monetizes through recurring subscription revenue (monthly and multi-year data plans), one-time hardware sales (₦15,000–₦68,999), and enterprise managed services including dedicated internet, SD-WAN, managed security, managed WiFi, cloud VAS, and dedicated IP with a 98.5% uptime SLA. The company distributes through 56+ physical shops and kiosks, an e-commerce storefront, an iOS/Android self-care app, a dealer program (with NCC-registered partners), and integrations with Quickteller, Payoutlet, MyPaga, JumiaPay, and direct bank transfers. Enterprise sales are handled by a dedicated account management team.

The company holds the largest position among Nigeria's top three ISPs (Spectranet, Starlink, FibreOne, who collectively control ~65% of the country's ISP subscribers, which totaled 313,713 in Q2 2025). Spectranet is pursuing a proposed merger with publicly listed Legend Internet Plc, announced October 2025 and expected to close Q2 2026, targeting a combined market capitalization of N80 billion and integration of fiber and wireless networks. The company has won multiple consecutive industry awards, including five straight years at the BoICT/ABoICT awards and ISP of the Year at ABoICT 2025. Leadership includes founder and director C.K. Ramani, Chairman Oba Rilwanu Babatunde Osuolale Aremu Akiolu (the King of Lagos), COO Amrish Singhal, and CFO Sumit Gambhir.

Name

Spectranet

Legal name

Spectranet Limited

Website

https://www.spectranet.com.ng

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Spectranet is Nigeria's first 4G LTE ISP, providing wireless broadband, fixed-line fiber, and enterprise managed services to residential, mobile, and business customers across Lagos, Abuja, Ibadan, and Port Harcourt through subscriptions, hardware sales, and a 56+ shop distribution network.

Ownership category

akta.pro rank

Product category

Broadband Internet Services

NAICS

Wired and Wireless Telecommunications Carriers (except Satellite) (51711), Wireless Telecommunications Carriers (except Satellite) (517112)

SIC

Radiotelephone Communications (4812)

akta.pro primary industry

Multi-Site Enterprise Connectivity Bundles (Hybrid WAN/MPLS+Internet) (HDAIAFAL)

akta.pro secondary industry

Network Performance, Visibility & SLA Monitoring (Managed NPM/Observability) (HDAIAFAI)

Keywords

• 4G LTE broadband
• Home fiber internet
• Enterprise managed services
• Wireless broadband Nigeria
• ISP data plans

Headquarters

HQ city

Ikeja

HQ country

Nigeria

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Internet Subscription Plans: Recurring monthly subscriptions for internet access across multiple plan tiers including unlimited plans, data-capped plans, and time-based plans. Revenue from monthly plan renewals and data top-ups.
2. Device Sales: One-time sales of hardware including MiFi devices, routers, CPEs, and accessories. Devices are sold with initial data bundles and offer data boost promotions on renewals.
3. Enterprise Solutions: Dedicated internet services for businesses including managed solutions, SD-WAN, managed security, cloud services, and managed WiFi. Offered with dedicated account managers and SLA guarantees.
4. Enterprise Value-Added Services: Additional services including business emails, domain registrations, website building, and cloud hosting for enterprise customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Spectranet is a Nigerian Internet Service Provider that delivers 4G LTE wireless broadband on 2.3GHz spectrum, plus Home Fiber and Fiber on Air fixed-line services, to residential and business customers across Lagos, Abuja, Ibadan, and Port Harcourt. Its core offering combines monthly subscription data plans with the sale and rental of MiFi and router hardware, complemented by enterprise-grade managed services including SD-WAN, managed security, cloud VAS, dedicated internet links, and 98.5% uptime SLAs. Revenue is generated through recurring broadband subscriptions, hardware sales, and managed enterprise service contracts, supported by 56+ retail shops, an e-shop, a mobile app, and a dealer channel.

Product overview

Spectranet is Nigeria's first 4G LTE Internet Service Provider, offering a comprehensive broadband portfolio combining wireless and fixed-line connectivity solutions. The product lineup centers on MiFi devices (Freedom, Ace, Titan), home routers (Spark, Whizz, Flame, Turbo), and specialized devices (Car WiFi, WiTel VoLTE) for wireless broadband access. Fixed-line offerings include Home Fiber (Spectra Elite plans from 7-200 Mbps) and Fiber on Air wireless broadband. Data plans span from Mini Plans and Long Validity Plans to DoMore and Unlimited Plans with varying FUP limits, plus SIM Super Saver Plans for mobile users. Enterprise solutions provide managed services including SD-WAN, managed security, and cloud hosting. All plans leverage 4G LTE technology on 2.3GHz spectrum, with coverage across Lagos, Abuja, Ibadan, and Port Harcourt.

Differentiator

Problem solved

Functional benefit

Products and services

• Freedom MiFi Portable 4G LTE MiFi device with a built-in display for monitoring data usage, battery level, and connected devices, sold with bundled data plans (100GB, 250GB, or 300GB) and a 50% data boost on renewals within the first 6 months, for individual consumers and mobile professionals in Nigeria.
• Ace MiFi 4G LTE portable WiFi device with a display screen, memory card slot (up to 32GB), and an internal battery (up to 10 hours working / 48 hours standby). Includes child lock, URL web filters, and data limit features, and ships with 300GB of bundled data for family and consumer use.
• Car WiFi Portable 4G/3G WiFi device designed for in-vehicle internet connectivity, supporting up to 10 devices and shipped with 15GB of active data, targeted at mobile professionals and family travel use.
• Spark Router 4G LTE broadband router with extended WiFi range via doubled antennas, an Ethernet port for wired connections, and up to 6 hours of battery backup during power outages, supporting up to 10 devices simultaneously for home and small-office users.
• Whizz Home Broadband Device 4G LTE home router offering ultrafast internet access with built-in URL web filters, data limit features, Ethernet port, and battery life up to 15 hours, supporting up to 10 devices for residential households.
• Flame Home Broadband Device 4G LTE home router with ultrafast internet, extended WiFi range via doubled antennas, in-built URL web filters, and parental control features, supporting up to 10 devices and bundled with 300GB of data for families.
• Turbo Router 4G LTE home router with extended WiFi range via four antennas, an Ethernet port for wired connections, LED status indicators, and a 300GB data bundle, supporting up to 10 devices simultaneously for high-demand households.
• WiTel VoLTE Voice over LTE device combining landline functionality with internet connectivity, featuring a dedicated 7-digit landline number for local and international voice calls, storage for up to 800 contacts, and 40GB activation + 60GB renewal data for residential and SOHO voice-and-data use.
• Titan MiFi Portable 4G LTE WiFi 6 device with a premium compact design, mini display screen, SD card wireless sharing capability, and USB Type-C fast charging, supporting 100GB of data with a 50% data boost on renewals for mobile professionals.
• Home Fiber (Spectra Elite Plans) Fixed broadband fiber internet service offered in Lagos and Abuja with plan tiers from 7 Mbps to 200 Mbps, including installation and an optional VoIP voice calling add-on, targeted at residential and small-business subscribers.
• Fiber on Air Wireless broadband service using fiber-like technology, offered across 300+ locations in Lagos and Abuja with plan tiers from 7 Mbps to 20 Mbps and a one-time installation fee, targeting homes and small businesses that want fiber-class speeds without wired installation.
• SIM Super Saver Plans Data SIM card plans for mobile phones using Band 40 spectrum, ranging from 3GB to 120GB with night browsing bonuses and 100% data bonus on renewals within 200 days, targeting individual mobile subscribers.
• DoMore Plans Monthly data plans with allocations from 30GB to 160GB, free night browsing (1am–8am), bonus data, and a 10% money-back feature via the Spectranet Jara program, designed for heavy household users and remote workers.
• Unlimited Plans High-volume data plans with FUP limits ranging from 200GB (Diamond at ₦30,000/month) to 550GB (Megadata at ₦60,000/month) and post-FUP throttling to 1 Mbps, targeting premium residential and small-business subscribers.
• Mini Plans Short-validity data plans ranging from 230MB (₦200, 2 days) to 15GB (₦3,000, 15 days), designed for flexible, low-commitment data access needs of price-sensitive subscribers.
• Long Validity Plans Extended validity data plans from 25GB (₦9,500, 90 days) up to 1024GB (₦155,000, 365 days) with speeds up to 20 Mbps, designed for subscribers who want long-term prepaid data without monthly renewals.
• Enterprise Business Solutions Managed business internet and network services for enterprise customers, including dedicated internet access, SD-WAN, managed WiFi, managed security, cloud VAS, and dedicated IP, delivered with dedicated account managers and a 98.5% uptime SLA across Lagos, Abuja, Ibadan, and Port Harcourt.
• Enterprise Value-Added Services Additional enterprise-grade services including business email, domain registration, website building, and cloud hosting, sold to business customers alongside Spectranet's enterprise connectivity solutions.
• SpectraSure Device Protection Optional 12-month device protection plan covering accidental damage and theft, activated for ₦500 at point of purchase with claims processed within 4 working days, available to consumers buying Spectranet devices.

Quantifiable outcome

• 98.5% uptime guarantee for enterprise customers
• +2 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

One partnership is on record.

• Legend Internet PlccoreStrategic or Co-development Partner · 3 October 2025Proposed merger to create one of Nigeria's largest internet service providers with estimated combined market capitalization of N80 billion. Transaction has received board and shareholder approvals, pending regulatory clearance from FCCPC and NCC. Expected completion Q2 2026. Aims to enhance network capacity, reduce costs, and support long-term profitability through combined fiber and wireless networks.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Starlink (SpaceX Services): Starlink is one of Spectranet's named top-three ISP competitors in Nigeria, offering satellite-based broadband that directly contests Spectranet's 4G LTE and fiber offerings to Nigerian homes and businesses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Spectranet_NG
• YouTubeyoutube.com/@Spectranet_NG/featured
• Facebookfacebook.com/SpectranetLimited
• LinkedInlinkedin.com/company/spectranet-limited
• Instagraminstagram.com/spectranetlimited.ng
• TikToktiktok.com/@spectranet.ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spectranet