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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.
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Shenandoah Telecommunications Company (SHEN) reported its Q3 2022 financial results, highlighting a 7.5% revenue growth to $66.9 million, driven by a 127.6% increase in Glo Fiber net adds, totaling approximately 4,000. Glo Fiber service achieved positive incremental Adjusted EBITDA for the first time. However, the company reported a loss from continuing operations per share of $0.05, compared to an income of $0.13 in Q3 2021. The firm plans to sell spectrum licenses for $21.1 million, ceasing Beam operations, which will impact future revenue streams.
Shenandoah Telecommunications Company (SHEN) announced a cash dividend of $0.08 per share, marking a 14.3% increase from December 2021. This dividend will be payable on December 1, 2022, to shareholders of record as of November 7, 2022. This year marks the company's sixty-third consecutive year of paying annual dividends, highlighting its commitment to returning value to shareholders. President and CEO Christopher E. French stated that the increase reflects confidence in the long-term growth prospects of their Glo Fiber expansion plans.
Shenandoah Telecommunications Company (SHEN) will announce its third quarter 2022 financial results on November 2, 2022, before market opening. A conference call will follow at 8:30 AM ET to discuss the financial outcomes and business highlights. The company provides broadband services via an extensive fiber-optic and cable network in the Mid-Atlantic region, encompassing broadband internet, video, voice, and tower colocation leasing. Shentel operates over 7,900 route miles of fiber and more than 220 macro cellular towers.
Glo Fiber, powered by Shenandoah Telecommunications Company (SHEN), announced the expansion of its fiber-to-the-home services in Hanover County and Ashland, Virginia. This initiative will provide internet speeds up to 2 Gbps to over 20,000 homes and businesses, with construction starting in Q2 2023 and expected to conclude within two years. This expansion aims to enhance internet access and economic development in the region, supporting local initiatives for universal broadband connectivity.
Shenandoah Telecommunications Company's Glo Fiber has secured agreements to expand fiber-to-the-home broadband services in York County, Pennsylvania. This initiative will provide internet speeds up to 2 Gbps to over 24,000 homes and businesses. Construction has commenced in York Township and will extend into 2023 across various boroughs. Glo Fiber offers competitive pricing and features multi-gigabit internet access, streaming TV, and digital phone services, all backed by Shentel's extensive fiber network.
Shenandoah Telecommunications Company (SHEN) reported second quarter 2022 results, with revenue increasing by 8.8% to $66.0 million, driven by substantial growth in Glo Fiber. Net adds for Glo Fiber reached approximately 3,300, up 103.2% year-over-year. However, the company faced a net loss of $3.2 million due to impairment and restructuring charges related to Beam wireless sites. Adjusted EBITDA rose 16.4% to $18.6 million, marking positive operational growth despite challenges in profitability.
Shenandoah Telecommunications Company (SHEN) will release its Q2 2022 financial results on August 3, 2022, before the market opens. A conference call, set for 8:30 AM ET on the same day, will discuss these results and business highlights. Participants are encouraged to register in advance to avoid delays. The company provides broadband services across the Mid-Atlantic U.S., leveraging over 7,600 route miles of fiber and more than 220 macro cellular towers.
Shenandoah Telecommunications Company (SHEN) has announced a $10 million grant from the Maryland Office of Statewide Broadband to expand its Glo Fiber services in Frederick County, Maryland. This initiative aims to deliver high-speed internet, with speeds up to 2 Gbps, to over 3,000 homes and businesses. Construction will commence in 2023, supporting local economic growth and improving access to essential services. This move is a significant step towards closing the digital divide, enhancing connectivity for residents in underserved areas.
Shenandoah Telecommunications Company (Nasdaq: SHEN) has partnered with Massanutten Resort to deliver robust voice and internet services through Glo Fiber Enterprise. This initiative includes a customized multi-site network that enhances communications across six locations within the resort. The project aims to improve operational efficiency and advanced customer service, particularly through a sophisticated contact center solution. The collaboration showcases Glo Fiber's expanding reach, benefiting businesses across Virginia and neighboring states.
Shenandoah Telecommunications Company (SHEN) announced the appointment of Dara Leslie as Senior Vice President of Sales & Marketing as of June 20, 2022. With over 20 years in the broadband industry, including 10 years at Comcast, Leslie will spearhead revenue growth for both commercial and residential sectors. Ed McKay, the COO, emphasized her extensive experience as crucial for executing Shentel's fiber-first growth strategy. This leadership change aims to enhance Shentel's marketing and operational effectiveness as the company expands its service footprint.
