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.
Shenandoah Telecommunications Company (SHEN) has declared a cash dividend of $0.10 per share, payable on December 2, 2024, to shareholders of record as of November 5, 2024. This represents an 11.1% increase ($0.01 per share) compared to the December 2023 dividend. The announcement marks Shentel's sixty-fifth consecutive year of annual dividends, reflecting the company's confidence in its Glo Fiber expansion plans.
Glo Fiber, powered by Shenandoah Telecommunications Company (Nasdaq: SHEN), has begun construction to deploy fiber-to-the-home broadband services in Frederick County, MD. The company has been awarded multiple grants from the Maryland Office of Statewide Broadband to deliver a 100% fiber network to over 4,500 unserved locations in the county. Glo Fiber offers symmetrical upload and download speeds of up to 5 Gbps, leveraging Shentel's 16,000-mile regional fiber network.
The expansion includes rural areas of Frederick County, with services already launched in the City of Frederick. Glo Fiber's offerings include high-speed internet, phone service, video service, and Whole Home Wi-Fi. The company emphasizes its superior local customer service and straightforward pricing with no long-term contracts.
Glo Fiber, operated by Shenandoah Telecommunications Company (SHEN), has announced plans to expand its fiber-optic broadband services to approximately 15,000 homes and businesses in Steubenville, Mingo Junction, Wintersville, and surrounding areas in Jefferson County, Ohio. The company offers symmetrical upload and download speeds of up to 5 gigabits per second (Gbps), leveraging its 16,000-mile regional fiber network.
Glo Fiber's services include high-speed internet, phone service, video service, and Whole Home Wi-Fi. The expansion is part of Glo Fiber's strategy to provide fast, reliable broadband and quality customer service in smaller cities, towns, and rural areas. The company currently serves approximately 300,000 homes and businesses and is continuing its expansion in Ohio.
Glo Fiber, powered by Shenandoah Telecommunications Company (SHEN), has been named the Fiber Provider of the Year in Cablefax's 2024 Top Ops Awards. This recognition highlights Glo Fiber's commitment to delivering high-performance fiber internet services to approximately 300,000 homes across 6 states. The award acknowledges excellence in customer service, innovation, and operational efficiency in the cable and telecommunications industry.
Glo Fiber's key differentiators include:
- Fiber-to-the-home technology with exceptional reliability
- Symmetrical download and upload speeds up to 5 Gbps
- Easy, straight-forward pricing
- Prompt, local customer service
Shentel's COO, Ed McKay, expressed pride in the recognition and reaffirmed the company's commitment to expanding its fiber network and delivering high-speed, reliable internet to more communities.
Shenandoah Telecommunications Company (Nasdaq: SHEN) reported its Q2 2024 results, highlighting the completion of the Horizon acquisition for $385 million. Revenue grew 28.7% to $85.8 million, with Horizon contributing $16.7 million. Glo Fiber Expansion Markets added 5,000 subscribers, reaching 53,000 total. However, the company reported a net loss of $12.8 million, primarily due to integration and acquisition expenses. Adjusted EBITDA increased by 19.7% to $23.3 million. Capital expenditures rose to $150.9 million for the first half of 2024. The company also issued $81 million in Preferred Stock and upsized its credit facility by $275 million to support growth initiatives.
Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) has appointed Michael A. Rhymes to its board of directors and Audit Committee on July 30, 2024. Rhymes, currently the Chief Information Officer at Entergy (NYSE: ETR), brings extensive experience in information technology, strategic planning, and business transformation.
Prior to Entergy, Rhymes held leadership positions at Gates , Eaton, Cooper Industries, Ernst & Young, and Accenture. He holds a Bachelor of Science in Economics and an MBA from Texas A&M University. Shentel's Chairman and CEO, Christopher E. French, expressed enthusiasm about Rhymes' appointment, highlighting his expertise in technology, cybersecurity, and organizational development in regulated industries.
Glo Fiber, operated by Shenandoah Telecommunications Company (NASDAQ: SHEN), has announced plans to expand its fiber-optic broadband services to approximately 13,800 homes and businesses in Zanesville, Ohio. The company offers symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) through its fiber-to-the-home technology and 15,600-mile regional fiber network.
Glo Fiber's expansion in Ohio is part of its rapid growth, now passing over 275,000 homes and businesses with its fiber-optic networks. The company emphasizes superior local customer service, high-speed internet reliability, and additional services such as phone, video, and Whole Home Wi-Fi. Key differentiators include exceptional network reliability, symmetrical speeds, straightforward pricing without long-term contracts, and prompt local customer service.
Shenandoah Telecommunications Company (Shentel) NASDAQ:SHEN has announced its upcoming second quarter 2024 earnings call, scheduled for Wednesday, August 7, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results before the market opens on the same day. Investors and analysts can access the conference call and simultaneous webcast to discuss Shentel's financial performance and business highlights.
The earnings call can be accessed via the company's Investor Relations page at https://investor.shentel.com/. Analysts are required to register separately to dial in. A replay of the call will be available for a time on the company's website for those unable to attend the live event.
Glo Fiber, powered by Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN), announced the deployment of next-generation fiber-optic broadband services in Greenfield, Ohio, serving approximately 2,500 homes and businesses. The service offers symmetrical upload and download speeds up to 5 Gbps, leveraging fiber-to-the-home technology and Shentel's extensive 15,600-mile regional fiber network. Glo Fiber's expansion aims to deliver high speed, low latency, and reliable internet, alongside phone, video services, and Whole Home WiFi. The company has expanded rapidly, now passing over 275,000 homes and businesses. Glo Fiber emphasizes outstanding customer service and exceptional network reliability, distinguishing itself from competitors with no long-term contracts and straightforward pricing.
Glo Fiber, powered by Shenandoah Telecommunications Company (Nasdaq: SHEN), has announced an agreement to expand its fiber network to Spring Township in Centre County, Pennsylvania. This expansion aims to provide high-speed internet of up to 5 Gbps to around 3,000 homes and businesses. Leveraging Shentel's 15,600-mile regional fiber network, Glo Fiber offers symmetrical upload and download speeds with low latency and high reliability. This initiative marks Glo Fiber's commitment to serving rural areas with competitive telecommunication options, emphasizing its superior local customer service and straightforward pricing without long-term contracts.
