Welcome to our dedicated page for Shenandoah Telecommunications news (Ticker: SHEN), a resource for investors and traders seeking the latest updates and insights on Shenandoah Telecommunications stock.
Shenandoah Telecommunications Company (Shentel, Nasdaq: SHEN) is an information sector company focused on broadband and wireless telecommunications services, with operations built on fiber optic and cable networks in the eastern United States. The SHEN news page on Stock Titan aggregates company announcements, operational updates, and financial disclosures so readers can follow how Shentel is expanding and managing its broadband business.
News coverage for SHEN frequently highlights fiber-to-the-home (FTTH) deployments under the Glo Fiber and Shentel Fiber brands. Recent releases describe launches of 100% fiber optic broadband service and multi-gigabit, symmetrical internet speeds in new markets, including communities in states such as Virginia and Ohio. Articles also cover projects that extend gigabit broadband to previously unserved homes through programs like the Virginia Telecommunications Initiative, reflecting Shentel’s role in rural and small-market broadband expansion.
Investors and customers can use this news feed to track network build-outs, service launches, and technology upgrades, such as the introduction of multi-gig services and the use of XGS-PON 10 Gbps networks. The page also surfaces financial and capital markets news, including quarterly results, guidance updates, and announcements about secured fiber network revenue term notes, revolving credit facilities, and other financing arrangements secured by fiber assets and customer contracts.
By following SHEN news, readers gain insight into Shentel’s broadband strategy, its pace of FTTH passings in incumbent and expansion markets, and its participation in grant-funded rural broadband projects. Bookmark this page to review the latest company press releases, earnings announcements, and SEC-related news items in one place.
Shenandoah Telecommunications Company (SHEN) is set to release its Q4 and full-year 2022 financial results before market open on February 22, 2023. A conference call and webcast will follow at 8:30 a.m. ET to discuss financial outcomes and business highlights. The company provides broadband services through advanced fiber-optic and cable networks across the Mid-Atlantic United States, offering internet, video, voice services, and colocation leasing. Shentel boasts over 8,000 route miles of fiber and 220 macro cellular towers, positioning it as a significant player in the telecommunications sector.
Glo Fiber, a division of Shenandoah Telecommunications Company (Nasdaq: SHEN), has partnered with the Homeowner's Association of Ford's Colony in Williamsburg, Virginia, to offer high-speed fiber-to-the-home (FTTH) broadband services. Construction is set to begin in Q2 2023, with completion expected by early 2024, aiming for internet speeds up to 5 Gbps. Glo Fiber will utilize Shentel's extensive 8,000-mile fiber network, providing residents with reliable, high-bandwidth connections and competitive pricing without contracts. This initiative strengthens local service options and addresses the growing demand for efficient internet solutions.
Shenandoah Telecommunications Company (Nasdaq: SHEN) plans to enhance internet service in Radford, Virginia by upgrading its network with fiber-to-the-home (FTTH) technology. The multimillion-dollar project aims to provide symmetrical multi-gig internet speeds to local residents and businesses. Construction is set to start in the second half of 2023, with completion expected by the end of 2024. This investment is anticipated to boost economic development in the area and improve overall service reliability and speed.
Shenandoah Telecommunications Company (SHEN) reported its Q3 2022 financial results, highlighting a 7.5% revenue growth to $66.9 million, driven by a 127.6% increase in Glo Fiber net adds, totaling approximately 4,000. Glo Fiber service achieved positive incremental Adjusted EBITDA for the first time. However, the company reported a loss from continuing operations per share of $0.05, compared to an income of $0.13 in Q3 2021. The firm plans to sell spectrum licenses for $21.1 million, ceasing Beam operations, which will impact future revenue streams.
Shenandoah Telecommunications Company (SHEN) announced a cash dividend of $0.08 per share, marking a 14.3% increase from December 2021. This dividend will be payable on December 1, 2022, to shareholders of record as of November 7, 2022. This year marks the company's sixty-third consecutive year of paying annual dividends, highlighting its commitment to returning value to shareholders. President and CEO Christopher E. French stated that the increase reflects confidence in the long-term growth prospects of their Glo Fiber expansion plans.
Shenandoah Telecommunications Company (SHEN) will announce its third quarter 2022 financial results on November 2, 2022, before market opening. A conference call will follow at 8:30 AM ET to discuss the financial outcomes and business highlights. The company provides broadband services via an extensive fiber-optic and cable network in the Mid-Atlantic region, encompassing broadband internet, video, voice, and tower colocation leasing. Shentel operates over 7,900 route miles of fiber and more than 220 macro cellular towers.
Glo Fiber, powered by Shenandoah Telecommunications Company (SHEN), announced the expansion of its fiber-to-the-home services in Hanover County and Ashland, Virginia. This initiative will provide internet speeds up to 2 Gbps to over 20,000 homes and businesses, with construction starting in Q2 2023 and expected to conclude within two years. This expansion aims to enhance internet access and economic development in the region, supporting local initiatives for universal broadband connectivity.
Shenandoah Telecommunications Company's Glo Fiber has secured agreements to expand fiber-to-the-home broadband services in York County, Pennsylvania. This initiative will provide internet speeds up to 2 Gbps to over 24,000 homes and businesses. Construction has commenced in York Township and will extend into 2023 across various boroughs. Glo Fiber offers competitive pricing and features multi-gigabit internet access, streaming TV, and digital phone services, all backed by Shentel's extensive fiber network.
Shenandoah Telecommunications Company (SHEN) reported second quarter 2022 results, with revenue increasing by 8.8% to $66.0 million, driven by substantial growth in Glo Fiber. Net adds for Glo Fiber reached approximately 3,300, up 103.2% year-over-year. However, the company faced a net loss of $3.2 million due to impairment and restructuring charges related to Beam wireless sites. Adjusted EBITDA rose 16.4% to $18.6 million, marking positive operational growth despite challenges in profitability.
Shenandoah Telecommunications Company (SHEN) will release its Q2 2022 financial results on August 3, 2022, before the market opens. A conference call, set for 8:30 AM ET on the same day, will discuss these results and business highlights. Participants are encouraged to register in advance to avoid delays. The company provides broadband services across the Mid-Atlantic U.S., leveraging over 7,600 route miles of fiber and more than 220 macro cellular towers.