Shentel Completes the Expansion of Gigabit Broadband Service in Campbell County
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.
News Market Reaction – SHEN
In the May 19 session, SHEN gained 1.92%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 05 | Broadband expansion | Positive | +2.1% | Completion of VATI-backed gigabit broadband build for 6,700 homes in Franklin County. |
| May 01 | Earnings results | Neutral | +3.6% | Q1 2026 results with revenue and EBITDA growth but larger net loss from operations. |
| Apr 13 | Earnings call notice | Neutral | +0.7% | Announcement of timing and access details for Q1 2026 earnings call and webcast. |
| Mar 17 | Fiber launch | Positive | +0.7% | Launch of 100% fiber-optic Glo Fiber service to over 7,000 locations in Pennsylvania. |
| Mar 03 | Broadband expansion | Positive | +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.
Recent broadband expansion and fiber-focused announcements have generally seen positive next-day price reactions, including prior VATI-backed buildouts and Q1 2026 earnings.
Over the last six months, SHEN has repeatedly highlighted fiber and gigabit broadband expansion, including completions in Bedford County and Franklin County and a Glo Fiber launch in Springettsbury Township. These projects, often supported by programs like VATI and local contributions, have coincided with positive single-day reactions of up to 3.56%. Q1 2026 earnings showed revenue and Adjusted EBITDA growth alongside continued net losses tied to fiber build-out, framing today’s Campbell County completion as part of an ongoing network expansion strategy.
Key Terms
gigabit broadband technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
“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
