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Shenandoah Telecommunications Company (Shentel) reports developments in broadband communications, including Glo Fiber expansion markets, residential and commercial customer services, and network construction in smaller markets and rural communities.
The company provides broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services through fiber optic and cable networks in the eastern United States. Recurring updates cover quarterly results, Glo Fiber additions, government-supported broadband projects under Virginia Telecommunications Initiative programs, capital investment in fiber infrastructure, investor presentations, and community service activity across Shentel and Glo Fiber service areas.
Shenandoah Telecommunications Company (Nasdaq: SHEN) reported a revenue increase of 7.9% to $64.4 million for Q1 2022 versus Q1 2021, driven by strong growth in the Broadband segment. Net adds for Glo Fiber reached approximately 3,600, contributing to the total homes passed growing to about 94,000. However, the company faced pressures on margins due to escalated operating expenses, resulting in a loss per share of $(0.01) compared to income of $0.06 in the prior year. The company's focus remains on cost-saving initiatives to improve margins in the latter half of 2022.
Shenandoah Telecommunications Company (Nasdaq: SHEN) has announced a significant expansion of its Glo Fiber network into Northern York County, Virginia. Starting in early 2023, the construction aims to provide a 100% fiber-optic network to nearly 5,000 homes and businesses. The service will offer internet speeds up to 2 Gbps, alongside streaming TV and phone services. Glo Fiber emphasizes affordable pricing with no hidden fees. The expansion supports the community's diverse needs, enhancing connectivity for residents and local businesses.
Shenandoah Telecommunications Company (SHEN) will release its Q1 2022 financial results on April 28, 2022, post-market. A conference call is scheduled for April 29, 2022, at 8:00 AM ET, which will be accessible via internet and telephone. The company provides broadband services across the Mid-Atlantic region, with a robust network comprising over 7,600 route miles of fiber and 220 macro cellular towers. Investors can tune in to the call for insights into the company's performance and operational updates.
Glo Fiber, powered by Shenandoah Telecommunications Company (SHEN), has announced an expansion of its fiber-optic network to Lancaster County, Pennsylvania. The project will provide internet speeds of up to 2 Gbps to over 35,000 homes and businesses across areas including Lancaster Township and East Hempfield Township. Construction is set to commence in April 2022 and will span two years. Glo Fiber's offerings include high-speed internet, streaming TV, and digital home phone services using state-of-the-art technology, ensuring reliability and affordability for residents.
Shenandoah Telecommunications Company (SHEN) announced that Ed McKay, COO, will participate in a panel discussion at the New Street Research & BCG Fiber to the Future – Global Infrastructure Conference on March 29, 2022, at 11:50 a.m. ET. Investors can access a live webcast of the panel on Shentel’s website, with a replay available for a limited time post-presentation. With over 7,400 route miles of fiber and 220 macro cellular towers, Shentel offers high-speed broadband services across the Mid-Atlantic region.
Shenandoah Telecommunications Company (SHEN) has announced a partnership with the City of Salisbury to provide next-generation fiber-to-the-premises (FTTP) broadband services, starting construction in early 2023. This expansion will offer reliable, high-speed internet to over 11,000 homes and businesses, marking Glo Fiber's second Maryland community. Glo Fiber aims to deliver all-fiber connectivity with symmetrical speeds up to 10 Gbps, enhancing options for residents in the Mid-Atlantic region.
Shenandoah Telecommunications Company (NASDAQ: SHEN) announced the participation of its CFO, Jim Volk, and COO, Ed McKay, at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 4:35 p.m. ET. Investors can join the live webcast via Shentel's website, with a replay available afterwards. Shentel delivers broadband internet, video, voice, and other telecommunications services across the Mid-Atlantic U.S.
Shenandoah Telecommunications Company (SHEN) reported robust financial results for Q4 and full year 2021, with revenue rising 11.1% to $245.2 million and earnings per share increasing by 433.3%. Adjusted EBITDA grew 17.8% to $65.7 million, driven by a significant 15.9% increase in Broadband data RGUs. Glo Fiber saw record growth, adding 7,200 net subscribers, while the company expanded its broadband network significantly. Despite increased operating expenses, Shentel anticipates sustainable growth from its Fiber First strategy, targeting a doubling of Glo Fiber passings in 2022.
Shenandoah Telecommunications Company (SHEN) appointed Victor C. Barnes to its board of directors and Audit Committee on February 22, 2022. Barnes, who brings extensive financial expertise from Anaplan and Coca-Cola, is a Certified Public Accountant with a strong background in accounting and finance. His leadership experience and technology sector knowledge are expected to enhance the company's governance. Barnes holds degrees from Northern Illinois University and Northwestern University's Kellogg School of Management. His addition is seen as a significant step for strengthening Shentel’s financial oversight.
Shenandoah Telecommunications Company (SHEN) will announce its fourth quarter 2021 financial results on February 28, 2022, after market close. A conference call, along with a webcast, is scheduled for March 1, 2022, at 8:00 AM ET where management will discuss the results. The company provides broadband services across the Mid-Atlantic region, supported by over 7,000 route miles of fiber and more than 220 macro cellular towers. Interested parties can access the call via phone or the company’s website.