Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Shenandoah Telecommunications Company Announces Expected Use of Proceeds from $1.95 billion .
Shenandoah Telecommunications CoFebruary 3, 2021 GMT
Shentel expects to issue an $18.75 per share special dividend to Shentel shareholders
The Company Provides Preliminary 2020 Financial Results and 2021 Financial Outlook
EDINBURG, Va., Feb. 03, 2021 (GLOBE NEWSWIRE) Shenandoah Telecommunications Company (“Shentel”) (NASDAQ: SHEN) announced today the expected uses of the approximately $1.5 billion of after-tax proceeds to be received from the sale of Shentel’s Wireless assets and operations (“Shentel Wireless”) to T-Mobile US, Inc. (“T-Mobile”). Shentel currently expects to use the proceeds to, among other things:
1) Adjusted OIBDA is a financial measure that is not determined in accordance with U.S. generally accepted accounting principles ( GAAP ). Reconciliation of this non-GAAP financial measure to the most directly comparable GAAP measure is provided at the end of this press release.
Shentel has not yet completed its financial and operating closing procedures for the year ended December 31, 2020, nor has the preliminary financial data above been subject to audit, review or other procedures by Shentel s independent registered public accounting firm. As a result, actual results may differ materially from the preliminary results shown above and will not be publicly available until Shentel reports its fourth quarter and full year 2020 results in late February 2021.
Shenandoah Telecommunications : Shentel Business Builds Fiber Network in Western Maryland marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Regional Business Shentel Joins Leading Global Community of MEF 3.0 Certified Carrier Ethernet .
Shenandoah Telecommunications CoJanuary 12, 2021 GMT
EDINBURG, Va., Jan. 12, 2021 (GLOBE NEWSWIRE) Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) is a leading provider of fiber-optic services in the Mid-Atlantic region, connecting cities, communities and businesses to each other and the rest of the world. The company announced today that they have achieved MEF 3.0 certification, an internationally recognized certification for Ethernet network services. Shentel is now one of just 31 service providers in the world with this certification.