Shentel

Shenandoah Telecommunications Company
Public
Traded as NASDAQ: SHEN
Russell 2000 Component
Industry Telecommunications
Founded 1902[1]
Headquarters Edinburg, Virginia, USA
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)[2]
Increase $46.5 million (2017)[2]
Decrease $-6.995 million (2016)[2]
Number of employees
 1200 [3]
Website www.shentel.com

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.[4]

Shentel operates its wireless division as a Sprint affiliate,[5] serving 1,006,874 subscribers.[2]

History

Shentel was founded in 1902 as the Farmers Mutual Telephone System (FMTS). Its 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]

References

  1. ↑ "Shentel - Explore". www.shentel.com. Retrieved 2016-01-22.
  2. 1 2 3 4 "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. 1 2 3 4 "Shentel - History". www.shentel.com. Retrieved 2016-01-22.
  5. ↑ "Sprint affiliate Shentel buys fellow wholesale partner nTelos for $640M". FierceWireless. Retrieved 2016-01-22.
  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.
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