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 (NASDAQ: SHEN) announced that Edward "Ed" H. McKay will be the new Executive Vice President and Chief Operating Officer, effective July 3, 2021. McKay, a 25-year telecommunications veteran and with 17 years at Shentel, has previously held roles including Senior Vice President, Engineering & Operations. His leadership will focus on Shentel's integrated broadband business and tower portfolio. McKay succeeds David "Dave" L. Heimbach, who is resigning for a position at MetroNet, Inc.
Shenandoah Telecommunications Company (Nasdaq: SHEN) has announced the expansion of its high-speed internet service, Beam, to New Canton, Mount Jackson, and Dillwyn, Virginia. This initiative will serve around 2,700 households in Buckingham and Shenandoah Counties, contributing to a total of over 15,000 households reached this year. Beam provides reliable broadband using 5G ready LTE technology, with download speeds from 25 to 100 Mbps, starting at $65 per month. This expansion aims to bridge the digital divide in rural communities, ensuring better connectivity for residents.
Glo Fiber, a brand of Shenandoah Telecommunications Company (SHEN), has launched its fiber-optic network in Salem, Virginia, expanding its service to over 34,000 households. This network provides gigabit broadband Internet, live streaming TV, and digital home phone services. Glo Fiber leverages Shentel's extensive 6,800-mile fiber network, promising high speeds and low latency. The service offers three tiers of symmetrical Internet access with inclusive pricing. The expansion aims to meet the growing connectivity needs of residents and businesses in the region.
Shenandoah Telecommunications Company (SHEN) reported strong first-quarter 2021 results with revenue increasing by 12.3% to $59.7 million. Broadband data net additions grew 61.9% to 4,245, with churn rates of 1.29% for cable and 0.86% for Glo Fiber. The company anticipates a $1.5 billion after-tax gain from the pending sale of its Wireless assets, alongside a special dividend of $18.75 per share. However, a workforce reduction impacting 30% of employees is expected due to this sale. Capital expenditures rose to $39.5 million, driven by the expansion of Glo Fiber and Beam.
Shenandoah Telecommunications Company (SHEN) will release its Q1 2021 financial results on April 29, 2021, after market close. A conference call is scheduled for April 30, 2021, at 8:00 AM ET to discuss the results. Investors can access the call via the company's investor website or by telephone.
Shentel provides a variety of communications services across the Mid-Atlantic U.S., including wireless voice and data, broadband internet, and fiber optic services.
Shenandoah Telecommunications Company, trading as Shentel (SHEN), reported strong financial results for 2020, with revenue up 6.7% to $220.8 million, driven by a 31% increase in the Tower segment and a 5.4% rise in Broadband. Glo Fiber added 18,800 broadband data net additions, while Beam launched fixed wireless service. The Company declared a special dividend of $18.75 per share after a planned $1.95 billion sale of wireless assets to T-Mobile. However, operating loss was $1.1 million, and operating expenses rose substantially due to higher staffing costs.
Shenandoah Telecommunications Company (SHEN) is set to announce its fourth quarter 2020 financial results on February 25, 2021, before the market opens. A conference call will follow at 8:30 AM ET, available via the internet and telephone. The company provides diverse communications services, including wireless and broadband internet, primarily in the Mid-Atlantic region of the United States. For further information and to access the call, interested parties can visit their investor relations website.
Shentel plans to issue a special dividend of $18.75 per share following the expected $1.5 billion proceeds from the sale of its Wireless assets to T-Mobile US, Inc. This move aims to repay approximately $702 million in term loans and provide liquidity for growth and acquisitions. Preliminary financial results indicate an expected 11.1% revenue increase for 2021 and a 28.3% rise in adjusted OIBDA. The company aims to transform into a broadband-centric business and will hold a conference call on February 3, 2021 to discuss these developments.
Shenandoah Telecommunications Company (Shentel) has achieved MEF 3.0 certification, making it one of only 31 service providers globally with this recognition for Ethernet network services. This certification validates Shentel's commitment to providing high-value, carrier-grade Ethernet services that meet unique customer demands. The company aims to deliver advanced digital solutions to underserved markets in the Mid-Atlantic region. Shentel's efforts are aimed at bridging the digital divide by bringing sophisticated communications technologies to rural communities.
Shenandoah Telecommunications Company (NASDAQ: SHEN) announced that executives Dave Heimbach and Jim Volk will participate in a fireside chat at the UBS Global TMT Conference on December 8, 2020, at 7:30 a.m. ET. Investors can access a live webcast of the event on Shentel’s website, which will also feature a replay option for a limited time afterward.
Shentel offers diverse communication services across the Mid-Atlantic, including wireless voice and data, broadband internet, and fiber optic solutions.