Shentel has been providing wireless service to portions of a six-state area, including Virginia.(Pixabay)
Shenandoah Telecommunications Company (Shentel) is exiting the wireless business that it entered as an affiliate of Sprint back in 1995, but that doesn’t mean it’s getting out of wireless entirely.
The company holds licenses in the 2.5 and 3.5 GHz bands that it’s using for its Beam fixed wireless service. The 2.5 GHz holdings are connected to Broadband Radio Service (BRS) licenses and Educational Broadband Service (EBS) leases, and the 3.5 GHz is what it acquired in the Citizens Broadband Radio Services (CBRS) auction last year. In total, Shentel’s spectrum covers more than 5 million PoPs for an average spectrum depth of 39 MHz.
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.
Shentel announces $1.95B sales price for wireless assets, operations to T-Mobile
Published Tuesday, Feb. 2, 2021, 9:52 am
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Front Page » Local/State » Local1 » Shentel announces $1.95B sales price for wireless assets, operations to T-Mobile
Shenandoah Telecommunications Company announced today that the appraisal process related to the purchase option for Shentel’s wireless assets and operations previously exercised by T-Mobile has been completed.
In accordance with the terms of the management agreement and through a process with three independent valuation providers, the purchase price – based on a calculation of 90 percent of entire business value and inclusive of the unrealized Sprint waived management fee – for Shentel Wireless was determined to be $1.95 billion in cash, subject to cus
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