Welcome to our dedicated page for Shenandoah Telecom Co news (Ticker: SHEN), a resource for investors and traders seeking the latest updates and insights on Shenandoah Telecom Co 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) has declared a cash dividend of $0.07 per share, payable on December 1, 2021, to shareholders of record by November 8, 2021. This marks the company’s sixty-second consecutive year of annual dividends. Following the sale of its wireless business and a special dividend of $18.75 per share distributed in August, Shentel is realigning its annual dividend with expected earnings from continuing operations. The CEO stated the company is poised to continue investing in broadband growth while returning capital to shareholders.
Glo Fiber, powered by Shenandoah Telecommunications Company (Nasdaq: SHEN), will expand its all-fiber network into Charles Town and Ranson, WV, with services starting in January 2022. This initiative will provide over 4,000 homes and businesses with high-speed internet, streaming TV, and digital phone services. Leveraging a 7,000-mile fiber network, Glo Fiber aims to deliver reliable and affordable connectivity. Local city managers expressed excitement for increased options for residents, emphasizing the importance of high-speed internet in growing areas like Jefferson County.
Shenandoah Telecommunications Company (SHEN) will release its third quarter 2021 financial results after market close on October 28, 2021. A conference call is scheduled for October 29, 2021 at 8:00 AM ET. Investors can listen via the company's website or by phone at (888) 695-7639, using the passcode 1977780. A replay will be available two hours after the call concludes. Shentel provides broadband services in the Mid-Atlantic region and operates an extensive network of over 7,000 route miles of fiber.
Glo Fiber, a division of Shenandoah Telecommunications Company (SHEN), has announced a partnership with Williamsburg, VA to provide fiber-to-the-home (FTTH) broadband services, set to commence construction in 2022. This initiative will deliver high-speed internet to approximately 4,000 homes and businesses, expanding Glo Fiber's reach in eastern Virginia. Glo Fiber's services include multi-gigabit internet access and phone service, leveraging a 7,000-mile fiber network for reliable connectivity. The project aligns with Williamsburg's vision of enhanced community connectivity.
Shenandoah Telecommunications Company (SHEN) announced the expansion of Glo Fiber's all-fiber, multi-gigabit broadband network in Martinsburg, WV, starting November 2021. This service will reach approximately 7,000 homes and businesses, offering high-speed internet, streaming TV, and digital phone services. Glo Fiber utilizes Shentel's 7,000-mile fiber network to ensure reliable connectivity and superior customer service. The local community, represented by Mayor Kevin Knowles, welcomes this investment as essential for growth.
Glo Fiber, part of Shenandoah Telecommunications Company (SHEN), has initiated construction for its all-fiber network in Hanover, PA.
Service is anticipated to launch by late October 2021, offering multi-gigabit broadband to over 6,000 homes and businesses.
The network promises high-speed internet, streaming TV, and digital phone services. Glo Fiber's pricing is all-inclusive, ensuring no hidden fees. This expansion aims to meet the growing demand for reliable internet in the community, aligning with Shentel's vision of providing superior local service.
Shenandoah Telecommunications Company (Nasdaq: SHEN) announced a significant expansion of its Beam fixed wireless broadband service to Buckingham and Greene Counties, benefitting over 1,000 households. This move is part of a broader rollout, providing service to over 22,000 households this year. Beam delivers high-speed internet with download speeds up to 100 Mbps at starting prices of $60 per month. The service utilizes licensed mid-band spectrum and 5G-ready technology to connect rural areas, addressing the increasing demand for reliable internet.
Glo Fiber, powered by Shenandoah Telecommunications Company (Nasdaq: SHEN), announced an agreement to expand its fiber-to-the-home (FTTH) network in Suffolk, VA. Starting in 2022, this initiative aims to deliver high-speed, multi-gigabit internet access to over 30,000 homes and businesses, enhancing local broadband infrastructure. The project underscores Glo Fiber's commitment to reliable, affordable internet services using Shentel's extensive 7,000-mile fiber network. Local officials express support, recognizing the competitive benefits for residents and businesses alike.
Glo Fiber, part of Shenandoah Telecommunications Company (SHEN), plans to build a fiber network in Carlisle, PA, launching services in Q4 2021. The initiative aims to provide high-speed internet, streaming TV, and digital phone services to over 7,000 homes and businesses, leveraging Shentel's extensive 7,000-mile fiber network. Glo Fiber offers multi-gigabit symmetrical internet with no hidden fees, emphasizing local customer service. This expansion reflects Shentel's commitment to enhancing internet access in smaller communities in the Mid-Atlantic region.
On August 24, 2021, Shenandoah Telecommunications Company (SHEN) announced the expansion of its Glo Fiber network into Frederick County, VA, aimed at both residential and business customers. This expansion will connect approximately 14,000 additional homes and businesses, enhancing internet services in areas like Winchester and Stephens City. Glo Fiber, established in 2019, offers high-speed fiber-to-the-home services leveraging a 7,000-mile fiber network. The construction is expected to complete in 2022, aligning with Shentel's mission to improve internet access in rural communities.
FAQ
What is the current stock price of Shenandoah Telecom Co (SHEN)?
What is the market cap of Shenandoah Telecom Co (SHEN)?
What does Shenandoah Telecommunications Company (Shentel) do?
What are the core business segments of Shentel?
What recent initiatives has Shentel undertaken?
What services does Glo Fiber offer?
What is the significance of the tower segment for Shentel?
How does Shentel's broadband service stand out?
What financial metrics does Shentel use to evaluate performance?
How extensive is Shentel's fiber optic network?
What are the recent financial strategies of Shentel?
How does Shentel support rural communities?
