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Shentel announces closing of expanded relationship with Sprint

Posted 6 April 2017 12:00 AM by shentel

Shenandoah Telecommunications Company (“Shentel”) (NASDAQ: SHEN) announced the closing on April 6 of a previously announced agreement to expand its relationship with Sprint.

Shentel has amended its Affiliate Agreement with Sprint to expand its affiliate service territory, adding approximately 500,000 additional POPs in the Parkersburg, WV, Huntington, WV, and Cumberland, MD, basic trading areas (“BTAs”).

With this expansion, Shentel will have authorization to serve over 6 million POPs in the mid-Atlantic region as a Sprint PCS Affiliate. Approximately 20,000 Sprint retail and former nTelos postpaid and prepaid subscribers in the new BTAs will become Sprint-branded affiliate customers managed by Shentel. Shentel has agreed to invest approximately $32 million over the next three years to upgrade and expand the existing wireless network coverage in those regions.

Once the expansion is complete, Shentel plans to open multiple Sprint-branded retail locations in the new area.

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