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  • Shenandoah Telecommunications Company Reports Second Quarter 2021 Results

    Posted 29 July 2021 12:00 AM by Shentel

    EDINBURG, Va., July 29, 2021 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced second quarter 2021 financial and operating results.

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  • Shentel Business to Provide Internet and Voice Solutions to York College of Pennsylvania

    Posted 15 July 2021 12:00 AM by Shentel

    Edinburg, Va. (July 15, 2021) Shentel Business, powered by Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN), announced today a new collaboration with York College of Pennsylvania to provide voice and fiber services across the college’s three campuses, serving an estimated 5,000 students and faculty. Building upon Shentel Business’ broad customer portfolio that includes many higher education institutions, this partnership provides York College with significant cost-savings, the infrastructure to stay connected during remote learning, and faster speeds on campus.

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  • Shenandoah Telecommunications Company Declares $18.75 per Share Special Dividend

    Posted 2 July 2021 12:00 AM by Shentel

    EDINBURG, Va., July 02, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Shenandoah Telecommunications Company (“Shentel” or the “Company”) (NASDAQ: SHEN) declared a special dividend of $18.75 per share on the issued and outstanding shares of Shentel’s common stock. The special dividend is payable on August 2, 2021 to shareholders of record as of the close of business on July 13, 2021. In accordance with NASDAQ rules, the ex-dividend date will be August 3, 2021, the first business day after the payment date.

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  • Shenandoah Telecommunications Company Completes Sale of its Wireless Assets and Operations to T-Mobile

    Posted 1 July 2021 12:00 AM by Shentel

    EDINBURG, Va., July 01, 2021 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (NASDAQ: SHEN) announced today the closing of the previously announced sale of its Wireless assets and operations to T-Mobile USA, Inc. (“T-Mobile”). The Company received cash proceeds of $1.94 billion, inclusive of the approximately $60 million settlement of the waived management fees by Sprint Corporation, an indirect subsidiary of T-Mobile (“Sprint”), and net of certain transaction expenses.

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  • Shentel Expands its Beam Internet Service to Kents Store and Stanardsville, Virginia

    Posted 23 June 2021 12:00 AM by Shentel

    Edinburg, Va. (June 23, 2021) – Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced the expansion of high-speed Internet access to Kents Store and Stanardsville, Virginia through Beam, its new fixed wireless broadband service. This expansion will benefit over 1,300 households within Fluvanna, Goochland, Louisa and Greene Counties in Virginia and is part of a larger expansion that has already made service available to over 20,000 households this year.

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  • Shentel Expands its Glo Fiber High-Speed Fiber Optic Network to Lynchburg, Va.

    Posted 15 June 2021 12:00 AM by Shentel

    Edinburg, Va. (June 15, 2021) – Glo Fiber, powered by Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN), today announced availability of its fiber-optic network in the city of Lynchburg, Va., to residential and business customers.  With the addition of Lynchburg, Glo Fiber’s expansive regional network now reaches more than 42,000 households and growing.

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  • Shentel Expands its Glo Fiber High-Speed Fiber Optic Network to Roanoke, Va.

    Posted 4 June 2021 12:00 AM by Shentel

    Expansion will bring Internet speeds of up to 2 Gbps to Roanoke

    Edinburg, Va. (June 2, 2021) – Glo Fiber, a service brand powered by Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN), today announced availability of its fiber-optic network in the city of Roanoke, Va, to residential and business customers.  

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  • Shentel and T-Mobile Enter into an Asset Purchase Agreement

    Posted 1 June 2021 12:00 AM by Shentel

    On May 28, 2021, Shenandoah Telecommunications Company ( “Shentel” or “Seller”) and T-Mobile USA, Inc. (“T-Mobile” or “Buyer”) entered into an Asset Purchase Agreement (the “Agreement”) pursuant to the purchase option previously exercised by T-Mobile on August 26, 2020 and the completion of the appraisal process previously disclosed on February 2, 2021. Under the Agreement, T-Mobile will purchase from Shentel the specified operating assets and related rights (as defined in the Agreement) of Shentel’s Wireless Business (as defined in the Agreement) that were utilized to provide wireless telecommunications network services as contemplated by the Sprint PCS Management Agreement, as amended (the “Management Agreement”), in the Wireless Network Coverage Area (the geographic service area as defined in the Management Agreement) utilizing the Sprint Marks, among other things and subject to the satisfaction or waiver of specified conditions (the “Transaction”). As previously disclosed, the aggregate consideration payable by Buyer under the Agreement will be $1.95 billion in cash including approximately $60 million in settlement of the waived management fee which is subject to adjustment based on the closing date. Consummation of the Transaction is currently expected to occur in early third quarter of 2021, subject to customary conditions to closing including the receipt of certain regulatory approvals. 

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  • Ed McKay appointed as Executive Vice President and Chief Operating Officer for Shenandoah Telecommunications Company

    Posted 25 May 2021 12:00 AM by Shentel

    Edinburg, Va. (May 25, 2021) – Shenandoah Telecommunications Company (“Shentel” or the “Company”) (NASDAQ:SHEN) announced today that Edward “Ed” H. McKay will be appointed to the role of Executive Vice President and Chief Operating Officer. Mr. McKay will be responsible for the leadership of the Company’s entire integrated broadband business, including Shentel Cable, Shentel Business, Glo Fiber and Beam brands, and the Company’s tower portfolio.

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  • Shentel Expands its Beam Internet Service to New Canton, Mount Jackson and Dillwyn, Virginia

    Posted 13 May 2021 12:00 AM by Shentel

    Edinburg, Va. (May 13, 2021) Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced the expansion of high-speed internet access to New Canton, Mount Jackson and Dillwyn, Virginia through Beam, its new fixed wireless broadband service. This expansion will benefit approximately 2,700 target households within Buckingham and Shenandoah Counties in northwestern Virginia and is part of a larger expansion that has already made service available to over 15,000 households this year.

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