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{{Short description|Telecommunication company}}
{{Infobox company
{{Infobox company
| name = Shenandoah Telecommunications Company
| name = Shenandoah Telecommunications Company
| logo = Shentel logo.svg
| logo = Shentel logo.svg
| caption =
| caption =
| trading_name = Shentel
| type = Public
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|SHEN}}<br>[[S&P 600|S&P 600 Component]]<br>[[Russell 2000 Index|Russell 2000 Component]]
| traded_as = {{NASDAQ|SHEN}}<br />[[S&P 600]] component<br />[[Russell 2000 Index|Russell 2000]] component
| genre =
| genre =
| fate =
| predecessor =
| fate =
| predecessor =
| successor =
| successor =
| foundation = 1902<ref>{{cite web|title = Shentel - Explore|url = https://www.shentel.com/explore/|website = www.shentel.com|access-date = 2016-01-22}}</ref>
| foundation = {{start date and age|1902}}<ref>{{cite web|title = Shentel - Explore|url = https://www.shentel.com/explore/|website = www.shentel.com|access-date = 2016-01-22}}</ref>
| founder =
| founder =
| defunct =
| defunct =
| location_city = [[Edinburg, Virginia]]
| location_city = [[Edinburg, Virginia]]
| location_country = [[United States of America|USA]]
| location_country = U.S.
| area_served =
| key_people =
| area_served =
| key_people =
| industry = [[Telecommunications industry|Telecommunications]]
| industry = [[Telecommunications industry|Telecommunications]]
| products =
| products =
| services = Local and long-distance telephone service, cable television, Internet access, wireless Internet access, digital phone, fiber-optic Internet, wholesale
| services = Local and long-distance telephone service, cable television, Internet access, wireless Internet access, digital phone, fiber-optic Internet, wholesale
| revenue = {{Increase}} $612 million (2017)<ref name="SEC">{{cite web|url=https://www.shentel.com/news/2018/march/q4%20and%20year%20end%20results|title=2017 annual report|author=<!--Not stated-->|date=March 15, 2018|website=www.sec.gov|publisher=Shenandoah Telecommunications Company |access-date=April 7, 2018}}</ref>
| revenue = {{Increase}} $612 million (2017)<ref name="SEC">{{cite web|url=https://www.shentel.com/news/2018/march/q4%20and%20year%20end%20results|title=2017 annual report|author=<!--Not stated-->|date=March 15, 2018|website=www.sec.gov|publisher=Shenandoah Telecommunications Company |access-date=April 7, 2018}}</ref>
⚫
| operating_income = {{Increase}} $46.5 million (2017)<ref name="SEC" />
| net_income = {{Decrease}} $-6.995 million (2016)<ref name="SEC" />
| operating_income = {{Increase}} $46.5 million (2017)<ref name="SEC" />
⚫
| net_income = {{Decrease}} $-6.995 million (2016)<ref name="SEC" />
| aum =
| aum =
| assets =
| equity =
| assets =
| equity =
| owner =
| owner =
| num_employees = 1200 <ref>{{cite web|url=https://finance.yahoo.com/quote/SHEN/profile?p=SHEN |title=SHEN Profile &#124; Shenandoah Telecommunications C Stock - Yahoo Finance |publisher=Finance.yahoo.com |date= |accessdate=2017-07-07}}</ref>
| num_employees = 1200 <ref>{{cite web|url=https://finance.yahoo.com/quote/SHEN/profile?p=SHEN |title=SHEN Profile &#124; Shenandoah Telecommunications C Stock - Yahoo Finance |publisher=Finance.yahoo.com |access-date=2017-07-07}}</ref>
| parent =
| parent =
| divisions =
| subsid =
| divisions =
| subsid =
| homepage = {{URL|http://www.shentel.com}}
| homepage = {{URL|http://shentel.com}}
| footnotes =
| footnotes =
| intl =
| intl =
}}
}}


'''Shentel''', officially '''Shenandoah Telecommunications Company''', is a publicly traded [[telecommunications]] company headquartered in [[Edinburg, Virginia]]. It operates a digital wireless and wireline network in rural Virginia, West Virginia, Maryland and Pennsylvania.<ref name="SHENHIST">{{cite web|title = Shentel - History|url = https://www.shentel.com/shentel/history|website = www.shentel.com|access-date = 2016-01-22}}</ref>
'''Shenandoah Telecommunications Company''', [[Trade name|doing business as]] '''Shentel''', is a publicly traded [[telecommunications]] company headquartered in [[Edinburg, Virginia]]. It operates a digital wireless and wireline network in rural Virginia, West Virginia, Maryland and Pennsylvania.<ref name="SHENHIST">{{cite web|title = Shentel - History|url = https://www.shentel.com/shentel/history|website = www.shentel.com|access-date = 2016-01-22}}</ref>

Shentel operates its wireless division as a [[T-Mobile US|T-Mobile]] (formerly [[Sprint Corporation|Sprint]]) affiliate,<ref>{{cite web|title = Sprint affiliate Shentel buys fellow wholesale partner nTelos for $640M|url = http://www.fiercewireless.com/story/sprint-affiliate-shentel-buys-fellow-wholesale-partner-ntelos-640m/2015-08-10|website = FierceWireless|access-date = 2016-01-22}}</ref> serving 1,006,874 subscribers.<ref name="SEC" />


==History==
==History==
Shentel was founded in January 1902 as the Farmers' Mutual Telephone System of Shenandoah County (FMTS).<ref>{{cite news |title=Copy for the Governor |newspaper=The Richmond Dispatch |location=[[Richmond, Virginia|Richmond, VA]] |date=January 13, 1902 |page=3 |quote=A great many telephone charters are coming in to the office of the Secretary of the Commonwealth to be recorded….received yesterday…Farmers’ Mutual Telephone System of Shenandoah County. }}</ref> This was one of a number of Farmers' Mutual telephone systems established in rural areas of the United States. The company's initial goal was to bring telephone service to rural residents of Shenandoah County, VA. <ref>{{cite web|url=https://www.facebook.com/150670652135/posts/10151692141877136/ |title=Shentel Facebook page - Company Milestones |publisher=www.facebook.com |date= |accessdate=2017-11-08}}</ref> In 1960 the name changed to Shenandoah Telephone Company, then in 1981 to Shenandoah Telecommunications Company (Shentel).<ref name="SHENHIST" />
Shentel was founded in January 1902 as the Farmers' Mutual Telephone System of Shenandoah County (FMTS).<ref>{{cite news |title=Copy for the Governor |newspaper=The Richmond Dispatch |location=[[Richmond, Virginia|Richmond, VA]] |date=January 13, 1902 |page=3 |quote=A great many telephone charters are coming in to the office of the Secretary of the Commonwealth to be recorded….received yesterday…Farmers’ Mutual Telephone System of Shenandoah County. }}</ref> This was one of a number of Farmers' Mutual telephone systems established in rural areas of the United States. The company's initial goal was to bring telephone service to rural residents of Shenandoah County, VA.<ref>{{cite web|url=https://www.facebook.com/150670652135/posts/10151692141877136/ |title=Shentel Facebook page - Company Milestones |publisher=www.facebook.com |access-date=2017-11-08}}</ref> In 1960 the name changed to Shenandoah Telephone Company, then in 1981 to Shenandoah Telecommunications Company (Shentel).<ref name="SHENHIST" />
The company launched [[cable TV]] service and a fiber optic network in the 1980s. In 1984 Shentel added mobile and paging services. In 1990 Shentel launched Shenandoah Cellular, the first company in Virginia to offer cellular service to a rural area. Internet service was made available to Shentel customers in 1994. <ref name="SHENHIST" />
The company launched [[cable TV]] service and a fiber optic network in the 1980s. In 1984 Shentel added mobile and paging services. In 1990 Shentel launched Shenandoah Cellular, the first company in Virginia to offer cellular service to a rural area. Internet service was made available to Shentel customers in 1994.<ref name="SHENHIST" />


In the 2000s Shentel began to expand its cable footprint - purchasing cable assets from [[Rapid Communications]] in Virginia and West Virginia in 2008<ref>{{cite web|url=http://investor.shentel.com/releasedetail.cfm?ReleaseID=340694 |title=Shenandoah Telecommunications Company to Acquire Cable Assets in Virginia and West Virginia |publisher=www.shentel.com |date=2008-08-06 |accessdate=2017-11-08}}</ref>, and acquiring JetBroadband in southern Virginia and southern West Virginia in 2010.<ref>{{cite web|url=https://www.shentel.com/news/2010/august/acquisitionofjetbroadband |title=Shentel Completes Acquisition of JetBroadband |publisher=www.shentel.com |date=2010-08-09 |accessdate=2017-11-08}}</ref> Later in 2010, Shentel purchased two small cable systems from [[Suddenlink Communications]] (one in West Virginia, the other in Maryland). <ref>{{cite web|url=http://investor.shentel.com/releasedetail.cfm?ReleaseID=534009 |title=Shenandoah Telecommunications Closes on Cable Acquisition |publisher=www.shentel.com |date=2010-12-01 |accessdate=2017-11-08}}</ref>
In the 2000s Shentel began to expand its cable footprint - purchasing cable assets from [[Rapid Communications]] in Virginia and West Virginia in 2008,<ref>{{cite web|url=http://investor.shentel.com/releasedetail.cfm?ReleaseID=340694 |title=Shenandoah Telecommunications Company to Acquire Cable Assets in Virginia and West Virginia |publisher=www.shentel.com |date=2008-08-06 |access-date=2017-11-08}}</ref> and acquiring JetBroadband in southern Virginia and southern West Virginia in 2010.<ref>{{cite web|url=https://www.shentel.com/news/2010/august/acquisitionofjetbroadband |title=Shentel Completes Acquisition of JetBroadband |publisher=www.shentel.com |date=2010-08-09 |access-date=2017-11-08}}</ref> Later in 2010, Shentel purchased two small cable systems from [[Suddenlink Communications]] (one in West Virginia, the other in Maryland).<ref>{{cite web|url=http://investor.shentel.com/releasedetail.cfm?ReleaseID=534009 |title=Shenandoah Telecommunications Closes on Cable Acquisition |publisher=www.shentel.com |date=2010-12-01 |access-date=2017-11-08}}</ref>


In May 2016, Shentel finished acquiring its competitor [[Ntelos]]<ref>{{cite web|url=http://www.whsv.com/content/news/What-you-need-to-know-about-the-Shentel-Ntelos-merger--378677741.html |title=What you need to know about the Shentel, Ntelos merger |publisher=Whsv.com |date= |accessdate=2017-07-07}}</ref> for 640 million dollars.<ref>{{cite web|url=http://www.fiercewireless.com/story/sprint-affiliate-shentel-buys-fellow-wholesale-partner-ntelos-640m/2015-08-10 |title=Sprint affiliate Shentel buys fellow wholesale partner nTelos for $640M |publisher=FierceWireless |date= |accessdate=2017-07-07}}</ref> acquiring 297,500 subscribers. The deal also transferred an additional 291,000 subscribers from Sprint in exchange for Ntelos spectrum<ref>{{cite web|last=Petska |first=Alicia |url=http://www.roanoke.com/news/virginia/shentel-completes-acquisition-of-ntelos/article_7e4a5881-f905-5263-9365-d03587b8ed22.html |title=Shentel completes acquisition of Ntelos &#124; Virginia |publisher=roanoke.com |date= |accessdate=2017-07-07}}</ref><ref>{{cite web|url=http://newsroom.sprint.com/news-releases/sprint-and-shentel-to-expand-affiliate-territory-to-cover-former-ntelos-area.htm |title=Sprint and Shentel to Expand Affiliate Territory to Cover Former nTelos Area &#124; Sprint Newsroom |publisher=Newsroom.sprint.com |date= |accessdate=2017-07-07}}</ref>, making Shentel the sixth largest public wireless company in the United States.<ref name="SHENHIST" />
In May 2016, Shentel finished acquiring its competitor [[Ntelos]]<ref>{{cite web|url=http://www.whsv.com/content/news/What-you-need-to-know-about-the-Shentel-Ntelos-merger--378677741.html |title=What you need to know about the Shentel, Ntelos merger |publisher=Whsv.com |access-date=2017-07-07}}</ref> for 640 million dollars.<ref>{{cite web|url=http://www.fiercewireless.com/story/sprint-affiliate-shentel-buys-fellow-wholesale-partner-ntelos-640m/2015-08-10 |title=Sprint affiliate Shentel buys fellow wholesale partner nTelos for $640M |publisher=FierceWireless |access-date=2017-07-07}}</ref> acquiring 297,500 subscribers. The deal also transferred an additional 291,000 subscribers from Sprint in exchange for Ntelos spectrum,<ref>{{cite web|last=Petska |first=Alicia |url=http://www.roanoke.com/news/virginia/shentel-completes-acquisition-of-ntelos/article_7e4a5881-f905-5263-9365-d03587b8ed22.html |title=Shentel completes acquisition of Ntelos &#124; Virginia |publisher=roanoke.com |access-date=2017-07-07}}</ref><ref>{{cite web|url=http://newsroom.sprint.com/news-releases/sprint-and-shentel-to-expand-affiliate-territory-to-cover-former-ntelos-area.htm |title=Sprint and Shentel to Expand Affiliate Territory to Cover Former nTelos Area &#124; Sprint Newsroom |publisher=Newsroom.sprint.com |access-date=2017-07-07}}</ref> making Shentel the sixth largest public wireless company in the United States.<ref name="SHENHIST" />


In February 2019, Shentel announced the agreement to purchase Big Shandy Broadband, a Kentucky-based cable television, broadband Internet and phone provider.<ref>{{Cite web|url=https://www.virginiabusiness.com/article/shentel-to-acquire-eastern-kentucky-telcom-firm/|title=Shentel to acquire Eastern Kentucky telcom firm|date=2019-02-28|website=Virginia Business|language=en-US|access-date=2020-03-24}}</ref>
In February 2019, Shentel announced the agreement to purchase Big Shandy Broadband, a Kentucky-based cable television, broadband Internet and phone provider.<ref>{{Cite web|url=https://www.virginiabusiness.com/article/shentel-to-acquire-eastern-kentucky-telcom-firm/|title=Shentel to acquire Eastern Kentucky telcom firm|date=2019-02-28|website=Virginia Business|language=en-US|access-date=2020-03-24}}</ref>

On August 27, 2020, [[T-Mobile USA]] decided to purchase the wireless assets of the company.<ref>{{Cite web|url=https://www.fiercewireless.com/operators/t-mobile-to-buy-shentel-wireless-assets-but-price-remains-sticking-point|title = T-Mobile to buy Shentel wireless assets but price remains sticking point|date = 27 August 2020}}</ref>

In October 2023, Shentel announced their acquisition of The Chillicothe Telephone Company (dba Horizon Telcom) and its assets; thus expanding their "Glo Fiber" branded fiber network into the South-Eastern Ohio area. <ref>{{Cite news |date=October 24, 2023 |title=Shenandoah Telecommunications Company to Acquire Horizon Telcom |url=https://investor.shentel.com/news-releases/news-release-details/shenandoah-telecommunications-company-acquire-horizon-telcom |url-status=live |publisher=Shenandoah Telecommunications Co}}</ref>

In March 2024, Shentel agreed to the sale of its cell tower portfolio to Vertical Bridge, reportedly the largest private owner of communications towers in the US, for $310.3 million in cash.<ref>{{cite web | url=https://www.virginiabusiness.com/article/shentel-to-sell-cell-towers-portfolio-for-310-3m/| title=Shentel to sell cell towers portfolio for $310.3M |author=Katherine Schulte| website=Virginia Bussiness| publisher=|date=2024-03-01|access-date=2024-08-21}}</ref>


== References ==
== References ==
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{{Internet service providers of the United States}}
{{Internet service providers of the United States}}
{{CATV USA}}
{{CATV USA}}
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{{Wireless-stub}}
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{{Telecom-company-stub}}




[[Category:Companies based in Virginia]]
[[Category:Companies based in Virginia]]
[[Category:Companies listed on the Nasdaq]]
[[Category:Telecommunications companies established in 1902]]
[[Category:Telecommunications companies established in 1902]]
[[Category:Telecommunications companies of the United States]]
[[Category:Telecommunications companies of the United States]]
[[Category:1902 establishments in Virginia]]
[[Category:1902 establishments in Virginia]]


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{{Wireless-stub}}
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{{Telecom-company-stub}}

Latest revision as of 00:39, 22 August 2024

Shenandoah Telecommunications Company
Shentel
Company typePublic
Nasdaq: SHEN
S&P 600 component
Russell 2000 component
IndustryTelecommunications
Founded1902; 122 years ago (1902)[1]
Headquarters
Edinburg, Virginia
,
U.S.
ServicesLocal and long-distance telephone service, cable television, Internet access, wireless Internet access, digital phone, fiber-optic Internet, wholesale
RevenueIncrease $612 million (2017)[2]
Increase $46.5 million (2017)[2]
Decrease $-6.995 million (2016)[2]
Number of employees
1200 [3]
Websiteshentel.com

Shenandoah Telecommunications Company, doing business as Shentel, is a publicly traded telecommunications company headquartered in Edinburg, Virginia. It operates a digital wireless and wireline network in rural Virginia, West Virginia, Maryland and Pennsylvania.[4]

History

[edit]

Shentel was founded in January 1902 as the Farmers' Mutual Telephone System of Shenandoah County (FMTS).[5] This was one of a number of Farmers' Mutual telephone systems established in rural areas of the United States. The company's initial goal was to bring telephone service to rural residents of Shenandoah County, VA.[6] In 1960 the name changed to Shenandoah Telephone Company, then in 1981 to Shenandoah Telecommunications Company (Shentel).[4] The company launched cable TV service and a fiber optic network in the 1980s. In 1984 Shentel added mobile and paging services. In 1990 Shentel launched Shenandoah Cellular, the first company in Virginia to offer cellular service to a rural area. Internet service was made available to Shentel customers in 1994.[4]

In the 2000s Shentel began to expand its cable footprint - purchasing cable assets from Rapid Communications in Virginia and West Virginia in 2008,[7] and acquiring JetBroadband in southern Virginia and southern West Virginia in 2010.[8] Later in 2010, Shentel purchased two small cable systems from Suddenlink Communications (one in West Virginia, the other in Maryland).[9]

In May 2016, Shentel finished acquiring its competitor Ntelos[10] for 640 million dollars.[11] acquiring 297,500 subscribers. The deal also transferred an additional 291,000 subscribers from Sprint in exchange for Ntelos spectrum,[12][13] making Shentel the sixth largest public wireless company in the United States.[4]

In February 2019, Shentel announced the agreement to purchase Big Shandy Broadband, a Kentucky-based cable television, broadband Internet and phone provider.[14]

On August 27, 2020, T-Mobile USA decided to purchase the wireless assets of the company.[15]

In October 2023, Shentel announced their acquisition of The Chillicothe Telephone Company (dba Horizon Telcom) and its assets; thus expanding their "Glo Fiber" branded fiber network into the South-Eastern Ohio area. [16]

In March 2024, Shentel agreed to the sale of its cell tower portfolio to Vertical Bridge, reportedly the largest private owner of communications towers in the US, for $310.3 million in cash.[17]

References

[edit]
  1. ^ "Shentel - Explore". www.shentel.com. Retrieved 2016-01-22.
  2. ^ a b c "2017 annual report". www.sec.gov. Shenandoah Telecommunications Company. March 15, 2018. Retrieved April 7, 2018.
  3. ^ "SHEN Profile | Shenandoah Telecommunications C Stock - Yahoo Finance". Finance.yahoo.com. Retrieved 2017-07-07.
  4. ^ a b c d "Shentel - History". www.shentel.com. Retrieved 2016-01-22.
  5. ^ "Copy for the Governor". The Richmond Dispatch. Richmond, VA. January 13, 1902. p. 3. A great many telephone charters are coming in to the office of the Secretary of the Commonwealth to be recorded….received yesterday…Farmers' Mutual Telephone System of Shenandoah County.
  6. ^ "Shentel Facebook page - Company Milestones". www.facebook.com. Retrieved 2017-11-08.
  7. ^ "Shenandoah Telecommunications Company to Acquire Cable Assets in Virginia and West Virginia". www.shentel.com. 2008-08-06. Retrieved 2017-11-08.
  8. ^ "Shentel Completes Acquisition of JetBroadband". www.shentel.com. 2010-08-09. Retrieved 2017-11-08.
  9. ^ "Shenandoah Telecommunications Closes on Cable Acquisition". www.shentel.com. 2010-12-01. Retrieved 2017-11-08.
  10. ^ "What you need to know about the Shentel, Ntelos merger". Whsv.com. Retrieved 2017-07-07.
  11. ^ "Sprint affiliate Shentel buys fellow wholesale partner nTelos for $640M". FierceWireless. Retrieved 2017-07-07.
  12. ^ Petska, Alicia. "Shentel completes acquisition of Ntelos | Virginia". roanoke.com. Retrieved 2017-07-07.
  13. ^ "Sprint and Shentel to Expand Affiliate Territory to Cover Former nTelos Area | Sprint Newsroom". Newsroom.sprint.com. Retrieved 2017-07-07.
  14. ^ "Shentel to acquire Eastern Kentucky telcom firm". Virginia Business. 2019-02-28. Retrieved 2020-03-24.
  15. ^ "T-Mobile to buy Shentel wireless assets but price remains sticking point". 27 August 2020.
  16. ^ "Shenandoah Telecommunications Company to Acquire Horizon Telcom". Shenandoah Telecommunications Co. October 24, 2023.{{cite news}}: CS1 maint: url-status (link)
  17. ^ Katherine Schulte (2024-03-01). "Shentel to sell cell towers portfolio for $310.3M". Virginia Bussiness. Retrieved 2024-08-21.


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