Shentel Completes the Expansion of Gigabit Broadband Service in Campbell County

Shentel (Nasdaq: SHEN) completed its Virginia Telecommunications Initiative project to extend gigabit broadband to over 4,100 previously unserved homes in Campbell County, Virginia.

Rhea-AI Summary

Shentel (Nasdaq: SHEN) completed its Virginia Telecommunications Initiative project to extend gigabit broadband to over 4,100 previously unserved homes in Campbell County, Virginia. The $20 million construction effort was funded by the state’s VATI program, Shentel’s capital investment, and a Campbell County contribution.

The project was delivered on schedule and within budget, strengthening Shentel’s presence in rural markets and expanding access to high-speed internet, video, and voice services.

Positive

• Completion of $20 million VATI-backed broadband project in Campbell County
• Gigabit service added for more than 4,100 previously unserved homes
• Project delivered on schedule and within budget
• Strengthens Shentel’s footprint in rural Virginia broadband markets

Negative

• None.

Argus May 19 session

+1.92% close to close Open Argus

Details

News Market Reaction – SHEN

On May 19, the day this news came out, SHEN closed 1.92% above the previous close.

Data tracked by StockTitan Argus for the May 19 session.

Key Figures

Homes passed: more than 4,100 homes Project cost: $20 million

Homes passed

more than 4,100 homes

Previously unserved homes in Campbell County, Virginia

Project cost

$20 million

Construction cost of Campbell County broadband expansion

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Broadband expansion

   24h Move

   +2.1%

   Completion of VATI-backed gigabit broadband build for 6,700 homes in Franklin County.

2. May 01

   Earnings results

   24h Move

   +3.6%

   Q1 2026 results with revenue and EBITDA growth but larger net loss from operations.

3. Apr 13

   Earnings call notice

   24h Move

   +0.7%

   Announcement of timing and access details for Q1 2026 earnings call and webcast.

4. Mar 17

   Fiber launch

   24h Move

   +0.7%

   Launch of 100% fiber-optic Glo Fiber service to over 7,000 locations in Pennsylvania.

5. Mar 03

   Broadband expansion

   24h Move

   +3.3%

   Completion of $24M VATI-supported gigabit build to 4,900 unserved homes in Bedford County.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gigabit broadband

1 terms

gigabit broadband technical

"project to expand gigabit broadband internet service to more than 4,100 previously unserved homes"

Gigabit broadband is an internet connection capable of moving data at about one gigabit per second (1 Gbps), roughly a thousand times faster than typical megabit speeds, so large files, high‑definition video and many connected devices can work smoothly at once. For investors, it signals where carriers and infrastructure builders must spend and compete: areas with gigabit service tend to attract businesses, boost consumer usage and enable new services, affecting revenue growth, capital costs and long‑term market value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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EDINBURG, Va., May 19, 2026 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN), a leading broadband service provider, is pleased to announce the completion of its Virginia Telecommunications Initiative (VATI) project to expand gigabit broadband internet service to more than 4,100 previously unserved homes in Campbell County, Virginia. The $20 million construction project was partly funded by the nationally recognized VATI program, administered by the Virginia Department of Housing and Community Development. Additional funding was provided through Shentel’s own capital investment and a contribution from Campbell County.

“The Campbell County Board of Supervisors has been working for years to implement countywide broadband access,” said Frank Rogers, County Administrator of Campbell County. “Our recent partnership with Shentel has been an outstanding example of a public-private partnership that effectively expands this critical service in Campbell. We are very grateful to the Shentel team for their willingness to work with us on this important endeavor and for their efforts to bring the project in on schedule and within budget.”

As a leading broadband internet provider serving smaller markets and rural communities, Shentel takes great pride in several key differentiators:

• Fast internet with exceptional reliability
• Prompt and friendly local customer service
• A full range of video and voice service options
  
  

“Bringing this project to completion in Campbell County reflects the careful planning and sustained coordination required to expand broadband in rural areas,” said Chris Kyle, VP of Regulatory & Industry Affairs at Shentel. “By working closely with state and county partners, Shentel was able to extend a high‑quality network to thousands of locations that were previously unserved, creating expanded connectivity for residents and the community.”

To learn more about Shentel, please visit www.shentel.com for residential service and www.shentelbusiness.com for commercial service.

About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides broadband services through its high-speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. Shentel’s services include: broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 19,400 route miles of fiber. For more information, please visit www.shentel.com.

Media Contact:
Jennifer McDowell
Jennifer.McDowell@emp.shentel.com
540-984-5055

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ab14cef-374c-4888-96c6-0e629808ac40

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Shentel (Nasdaq: SHEN) announce on May 19, 2026 about Campbell County broadband?

Shentel announced it completed its VATI-backed project to bring gigabit broadband to over 4,100 previously unserved Campbell County homes. According to Shentel, the $20 million build enhances rural connectivity with high-speed internet, video, and voice service options.

How many homes in Campbell County gained Shentel gigabit broadband through the VATI project?

More than 4,100 previously unserved homes in Campbell County now have access to Shentel gigabit broadband. According to Shentel, this expansion targets rural locations and extends a high-quality fiber network to residents who previously lacked modern broadband service.

What was the investment size of Shentel’s Campbell County broadband expansion (SHEN)?

The Campbell County broadband expansion was a $20 million construction project. According to Shentel, funding came from the Virginia Telecommunications Initiative program, Shentel’s own capital investment, and a financial contribution from Campbell County to support rural broadband deployment.

How was Shentel’s Campbell County broadband project funded under the Virginia Telecommunications Initiative?

The project was partly funded by the Virginia Telecommunications Initiative program and local and company contributions. According to Shentel, VATI, Shentel’s capital investment, and Campbell County’s contribution together supported the $20 million gigabit broadband build for unserved homes.

What services will Shentel provide to new Campbell County broadband customers?

Shentel will provide fast, reliable gigabit internet plus video and voice services to new Campbell County customers. According to Shentel, the company emphasizes prompt local customer support and a full range of residential and business connectivity options in rural communities.

Why is Shentel’s completed broadband project important for Campbell County residents and investors?

The project expands high-speed broadband to thousands of previously unserved Campbell County homes. According to Shentel, this on-time, within-budget build strengthens its position in rural markets and demonstrates effective public-private partnership under the Virginia Telecommunications Initiative program.