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From Wikipedia, the free encyclopedia

Shenandoah Telecommunications Company
Public
Traded asNASDAQSHEN
Russell 2000 Component
IndustryTelecommunications
Founded1902[1]
Headquarters,
ServicesLocal and long-distance telephone service, cable television, Internet access, wireless Internet access, digital phone, fiber-optic Internet, wholesale
RevenueIncrease 612 million (2017)[2]
Increase $46.5 million (2017)[2]
Decrease $-6.995 million (2016)[2]
Number of employees
1200 [3]
Websitewww.shentel.com

Shentel, officially Shenandoah Telecommunications Company, is a publicly traded telecommunications company headquartered in Edinburg, Virginia. It operates a digital wireless and wireline network in rural Virginia, West Virginia, Maryland and Pennsylvania.[4]

Shentel operates its wireless division as a Sprint affiliate,[5] serving 1,006,874 subscribers.[2]

YouTube Encyclopedic

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  • ✪ Shentel - Always Connected to You
  • ✪ A Day in the Life of a Sprint RF Engineer
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  • ✪ Shentel - Business 30-Day Money-Back Guarantee (VA)
  • ✪ Shentel - The Future - 5 Year Guarantee

Transcription

History

Shentel was founded in 1902 as the Farmers Mutual Telephone System (FMTS). Its initial goal was to bring telephone service to rural residents of Shenandoah County, VA. [6] In 1960 the name changed to Shenandoah Telephone Company, then in 1981 to Shenandoah Telecommunications Company (Shentel).[4] The company launched cable TV service and a fiber optic network in the 1980s. In 1984 Shentel added mobile and paging services. In 1990 Shentel launched Shenandoah Cellular, the first company in Virginia to offer cellular service to a rural area. Internet service was made available to Shentel customers in 1994. [4]

In the 2000s Shentel began to expand its cable footprint - purchasing cable assets from Rapid Communications in Virginia and West Virginia in 2008[7], and acquiring JetBroadband in southern Virginia and southern West Virginia in 2010.[8] Later in 2010, Shentel purchased two small cable systems from Suddenlink Communications (one in West Virginia, the other in Maryland). [9]

In May 2016, Shentel finished acquiring its competitor Ntelos[10] for 640 million dollars.[11] acquiring 297,500 subscribers. The deal also transferred an additional 291,000 subscribers from Sprint in exchange for Ntelos spectrum[12][13], making Shentel the sixth largest public wireless company in the United States.[4]

References

  1. ^ "Shentel - Explore". www.shentel.com. Retrieved 2016-01-22.
  2. ^ a b c d "2017 annual report". www.sec.gov. Shenandoah Telecommunications Company. March 15, 2018. Retrieved April 7, 2018.
  3. ^ "SHEN Profile | Shenandoah Telecommunications C Stock - Yahoo Finance". Finance.yahoo.com. Retrieved 2017-07-07.
  4. ^ a b c d "Shentel -  History". www.shentel.com. Retrieved 2016-01-22.
  5. ^ "Sprint affiliate  Shentel buys fellow wholesale partner nTelos for $640M". FierceWireless. Retrieved 2016-01-22.
  6. ^ "Shentel Facebook page - Company Milestones". www.facebook.com. Retrieved 2017-11-08.
  7. ^ "Shenandoah Telecommunications Company to Acquire Cable Assets in Virginia and West Virginia". www.shentel.com. 2008-08-06. Retrieved 2017-11-08.
  8. ^ "Shentel Completes Acquisition of JetBroadband". www.shentel.com. 2010-08-09. Retrieved 2017-11-08.
  9. ^ "Shenandoah Telecommunications Closes on Cable Acquisition". www.shentel.com. 2010-12-01. Retrieved 2017-11-08.
  10. ^ "What you need to know about the Shentel, Ntelos merger". Whsv.com. Retrieved 2017-07-07.
  11. ^ "Sprint affiliate Shentel buys fellow wholesale partner nTelos for $640M". FierceWireless. Retrieved 2017-07-07.
  12. ^ Petska, Alicia. "Shentel completes acquisition of Ntelos | Virginia". roanoke.com. Retrieved 2017-07-07.
  13. ^ "Sprint and Shentel to Expand Affiliate Territory to Cover Former nTelos Area | Sprint Newsroom". Newsroom.sprint.com. Retrieved 2017-07-07.
This page was last edited on 12 March 2019, at 19:27
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