Welcome to our dedicated page for Shenandoah Telecommunications news (Ticker: SHEN), a resource for investors and traders seeking the latest updates and insights on Shenandoah Telecommunications stock.
Shenandoah Telecommunications Company (Shentel) has been a cornerstone in the telecommunications industry since 1902. From its humble beginnings as a small phone company in Virginia’s northern Shenandoah Valley, Shentel has evolved into a major provider of advanced broadband services, digital TV, high-speed internet, and phone services across Virginia, West Virginia, and Maryland.
Shentel operates through two main business segments: tower and broadband. The tower segment is responsible for leasing company-owned cell tower spaces to other wireless communication providers, while the broadband segment offers broadband Internet, video, and voice services to residential and commercial clients. Notably, the broadband segment drives the majority of Shentel's revenue, with significant contributions from residential and small to medium-sized businesses.
In recent developments, Shentel has strategically positioned itself for growth. The company has announced the sale of its tower business, which will provide additional growth capital to expand its Glo Fiber line of business. The planned expansion aims to reach approximately 600,000 homes and businesses by the end of 2026. Furthermore, Shentel has secured $356 million in committed financing to support its acquisition of Horizon Telcom. This acquisition will bolster Shentel's fiber optic network by adding approximately 5,500 route miles of fiber.
Shentel has a regional network that encompasses around 15,400 route miles of fiber and 219 macro cellular towers. The company's services include broadband internet, video, voice, fiber optic Ethernet, wavelength leasing, and tower colocation leasing. Recent expansions include a franchise agreement to deploy next-generation fiber-to-the-home (FTTH) broadband services to Frederick County, Maryland, targeting over 40,000 homes and businesses. The company prides itself on providing high speeds, low latency, and unmatched reliability through its FTTH connections.
Shentel's subsidiary, Glo Fiber, offers multi-gigabit broadband internet, live streaming TV, and digital phone services. Glo Fiber's network is built on state-of-the-art technology, providing symmetrical upload and download speeds of up to 5 gigabits per second (Gbps). Their services have earned a reputation for superior local customer service across multiple states.
Financially, Shentel uses Adjusted EBITDA as a key performance metric to evaluate operational effectiveness. This non-GAAP measure helps in period-to-period comparisons by excluding items that are not comparable across reporting periods. The sale proceeds from the tower business and Horizon acquisition are expected to provide Shentel with financial flexibility for future growth.
Overall, Shentel's commitment to serving rural and underserved markets with advanced communication services underscores its mission to ensure these communities receive the same level of service as larger metropolitan areas. For more information, visit www.shentel.com.
Shenandoah Telecommunications Company (SHEN) will release its Q1 2021 financial results on April 29, 2021, after market close. A conference call is scheduled for April 30, 2021, at 8:00 AM ET to discuss the results. Investors can access the call via the company's investor website or by telephone.
Shentel provides a variety of communications services across the Mid-Atlantic U.S., including wireless voice and data, broadband internet, and fiber optic services.
Shenandoah Telecommunications Company, trading as Shentel (SHEN), reported strong financial results for 2020, with revenue up 6.7% to $220.8 million, driven by a 31% increase in the Tower segment and a 5.4% rise in Broadband. Glo Fiber added 18,800 broadband data net additions, while Beam launched fixed wireless service. The Company declared a special dividend of $18.75 per share after a planned $1.95 billion sale of wireless assets to T-Mobile. However, operating loss was $1.1 million, and operating expenses rose substantially due to higher staffing costs.
Shenandoah Telecommunications Company (SHEN) is set to announce its fourth quarter 2020 financial results on February 25, 2021, before the market opens. A conference call will follow at 8:30 AM ET, available via the internet and telephone. The company provides diverse communications services, including wireless and broadband internet, primarily in the Mid-Atlantic region of the United States. For further information and to access the call, interested parties can visit their investor relations website.
Shentel plans to issue a special dividend of $18.75 per share following the expected $1.5 billion proceeds from the sale of its Wireless assets to T-Mobile US, Inc. This move aims to repay approximately $702 million in term loans and provide liquidity for growth and acquisitions. Preliminary financial results indicate an expected 11.1% revenue increase for 2021 and a 28.3% rise in adjusted OIBDA. The company aims to transform into a broadband-centric business and will hold a conference call on February 3, 2021 to discuss these developments.
Shenandoah Telecommunications Company (Shentel) has achieved MEF 3.0 certification, making it one of only 31 service providers globally with this recognition for Ethernet network services. This certification validates Shentel's commitment to providing high-value, carrier-grade Ethernet services that meet unique customer demands. The company aims to deliver advanced digital solutions to underserved markets in the Mid-Atlantic region. Shentel's efforts are aimed at bridging the digital divide by bringing sophisticated communications technologies to rural communities.
Shenandoah Telecommunications Company (NASDAQ: SHEN) announced that executives Dave Heimbach and Jim Volk will participate in a fireside chat at the UBS Global TMT Conference on December 8, 2020, at 7:30 a.m. ET. Investors can access a live webcast of the event on Shentel’s website, which will also feature a replay option for a limited time afterward.
Shentel offers diverse communication services across the Mid-Atlantic, including wireless voice and data, broadband internet, and fiber optic solutions.
Shenandoah Telecommunications Company (SHEN) reported strong third-quarter results for 2020, showing revenue growth to $55.2 million from $51.8 million a year earlier. Noteworthy highlights include 6,000 net additions in broadband data, continued success with Glo Fiber, and a cash dividend increase of 17.2%. The company is transitioning to a broadband-centric focus following T-Mobile's exercise of a purchase option for its wireless segment. Adjusted OIBDA rose to $14.6 million, while broadband RGUs increased by 19.8% year over year, reflecting high demand for internet services.
The Board of Directors of Shenandoah Telecommunications Company (SHEN) has declared a cash dividend of $0.34 per share, marking a 17.2% increase from the previous year. This dividend, which is set to be paid on December 1, 2020, is the company's sixty-first consecutive year of annual dividends, having increased for eight consecutive years. President and CEO Christopher E. French highlighted strong cash flow generation in 2020, enabling investment in growth while returning capital to shareholders.
Shenandoah Telecommunications Company (SHEN) is set to release its third quarter 2020 financial results on November 6, 2020, prior to the market opening. The company will host a conference call at 8:30 AM ET to discuss the results, accessible through both internet and telephone. Shentel provides diverse communications services, including wireless, broadband, and fiber optic solutions, primarily in the Mid-Atlantic region. It is also the exclusive Sprint Affiliate in parts of Virginia, Pennsylvania, West Virginia, and surrounding states.
Shenandoah Telecommunications Company (NASDAQ: SHEN) has successfully acquired 262 PALs in 74 counties during the FCC's CBRS mid-band spectrum auction, investing $16 million. The average cost per MHz POP was $0.133, significantly below the auction average. This acquisition will support Shentel's new Beam Internet service, launching this month, offering high-speed fixed wireless broadband in rural areas of Virginia, West Virginia, and Ohio. Initial pricing starts at $60 per month for speeds up to 100Mbps. Shentel aims to enhance broadband access amidst increasing demand due to the COVID-19 pandemic.
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