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 (SHEN) provides investors and stakeholders with centralized access to official news and developments from this established broadband provider. Track press releases covering network expansions, financial results, and strategic initiatives in rural Mid-Atlantic markets.
This resource aggregates SHEN's latest announcements including fiber network upgrades, tower leasing agreements, and service area expansions. Users gain timely insights into operational milestones, regulatory filings, and technology deployments across Virginia, West Virginia, and Maryland.
Discover updates on SHEN's dual business model combining consumer broadband services with telecom infrastructure leasing. The curated news feed supports analysis of rural connectivity initiatives and infrastructure investment patterns.
Bookmark this page for direct access to primary source materials from Shenandoah Telecommunications. Monitor evolving developments in one of the Mid-Atlantic's key regional providers of fiber-optic and wireless solutions.
Glo Fiber, a brand of Shenandoah Telecommunications Company (SHEN), has launched its fiber-optic network in Salem, Virginia, expanding its service to over 34,000 households. This network provides gigabit broadband Internet, live streaming TV, and digital home phone services. Glo Fiber leverages Shentel's extensive 6,800-mile fiber network, promising high speeds and low latency. The service offers three tiers of symmetrical Internet access with inclusive pricing. The expansion aims to meet the growing connectivity needs of residents and businesses in the region.
Shenandoah Telecommunications Company (SHEN) reported strong first-quarter 2021 results with revenue increasing by 12.3% to $59.7 million. Broadband data net additions grew 61.9% to 4,245, with churn rates of 1.29% for cable and 0.86% for Glo Fiber. The company anticipates a $1.5 billion after-tax gain from the pending sale of its Wireless assets, alongside a special dividend of $18.75 per share. However, a workforce reduction impacting 30% of employees is expected due to this sale. Capital expenditures rose to $39.5 million, driven by the expansion of Glo Fiber and Beam.
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.
