Shentel Completes Acquisition of JetBroadband
Posted 9 August 2010 12:00 AM by Shentel
EDINBURG, VA, Aug. 9, 2010 – Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN) has completed its purchase of Virginia and West Virginia cable assets from JetBroadband Holdings, LLC. With the transaction, Shentel is now providing cable, phone and Internet services to approximately 115,000 homes in Virginia and West Virginia.
Shentel plans to spend up to $33 million over the next 24 months, upgrading the acquired network to offer additional video options, high definition, DVR, greater Internet speeds and voice services. Shentel is evaluating options for the existing stores in an effort to increase accessibility and improve the overall customer experience.
Established as a rural cooperative owned by its subscribers in 1902, Shentel has continued its steady growth and expansion as a voice, video and data services provider specializing in rural areas. Headquartered in the northern Shenandoah Valley, Shentel also is a Sprint PCS affiliate of Sprint Nextel providing wireless services in parts of Virginia, West Virginia, Maryland and Pennsylvania.
Earle A. MacKenzie, Chief Operating Officer, Shentel, said, “We are excited to continue expanding our service area. We firmly believe that we are in a good position and well equipped to handle the needs of our new and future customers. Starting immediately, we are investing the time, the resources and the dollars needed to upgrade our network, improve customer service and forge strong partnerships with local communities.”
For more information about the new services provided by Shentel, please visit www.shentelnow.com or call 1-800-409-1203.
Shenandoah Telecommunications Company (www.shentel.com) is a holding company that provides a broad range of telecommunications services through its operating subsidiaries. The Company is traded on the NASDAQ Global Select Market under the symbol "SHEN." The Company's operating subsidiaries provide local and long distance telephone, Internet and data services, cable television, wireless voice and data services, alarm monitoring, and telecommunications equipment, along with many other associated solutions in the Mid-Atlantic and Southeastern United States.