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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