Amidst these challenges, and for the sector to remain afloat, the country is set for review of the capital structure for licensees in the telecoms industry. Capital structure depicts the manner in which a licensee finances its operations and growth by using different sources of funds, which are debt and equity. Therefore, capital structure is the mix of different securities used in financing a firm’s investment and each of these sources of finance is associated with different levels of risk, return and control. xThe Place of The LawThe Nigerian Communications Commission (the Commission) is established by Section 3 of the Nigerian Communications Act, 2003 (“Act”) with the sole responsibility of regulating the Nigerian communications sector. Importantly, the Act also places the general responsibility for economic and technical regulation of the communications sector on the Commission.

Source: The Guardian April 21, 2021 04:30 UTC