Year end results for Shentel are strong
Posted 19 January 2016 12:00 AM by CLE Rinker
Shenandoah Telecommunications Company announced it has finished the year of 2015 with strong financials.
The Company announced that net postpaid subscriber additions for fiscal year 2015 were 24,645, an increase of 74.2% from 14,146 in 2014. Year-end postpaid customers increased 8.6% to 312,512. The Company’s 2015 annual postpaid churn rate was 1.47%. Net postpaid subscriber additions totaled a record 8,985 in the fourth quarter of 2015, compared to 4,891 for the fourth quarter of 2014. Shentel’s postpaid churn rate in the fourth quarter was 1.48%, compared to 1.92% in the same quarter last year.
The Company recorded prepaid net deactivations of 2,264 in the fourth quarter of 2015, as compared to 5,036 net activations in the 2014 fourth quarter, and 2,322 net deactivations for fiscal 2015, as compared to 8,115 net activations in fiscal 2014. Prepaid customers decreased 1.6% to 142,840 in 2015. While the overall total of prepaid subscribers decreased during 2015, the Company’s more profitable product lines continued to add customers, with customer decreases concentrated in its least profitable product lines.