Tuesday, May 10, 2016

Shentel Completes $640M nTelos Deal, Doubles Customer Base

Shareholders of Waynesboro, VA-based nTelos Holding Corp. spent the weekend celebrating the sale of the Sprint-affiliated wireless operator. Shenandoah Telecommunications Company of Edinburg, VA paid $9.25 a share for the company, gaining about 300,00 new in portions of Virginia, West Virginia, Maryland, North Carolina, Ohio, Pennsylvania and Kentucky, more than doubling the Shentel wireless customer base. The deal closed Friday.
Shentel said the added operations further strengthen and expand its “solid partnership with Sprint.” Shentel intends to accelerate its intensive integration activities in order to merge the two organizations. nTelos was the nation’s eighth-largest service provider. It’s nTelos-branded retail stores will become Shentel-operated Sprint stores, FierceWireless reported.

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