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Shenandoah Telecommunications Company Announces Expected Use of Proceeds from $1.95 billion ...


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: ....

United States , West Virginia , Jim Volk , Exchange Commission , Shenandoah Telecommunications Company , Us Inc , Shenandoah Telecommunications Company Shentel , Shenandoah Telecommunications , Company Provides , Company Provides Preliminary , Telecommunications Company , Shentel Wireless , Glo Fiber , Unaudited Financial Results , Ending December , Investor Relations , Mid Atlantic United , Vice President , Financial Officer , ஒன்றுபட்டது மாநிலங்களில் , மேற்கு வர்ஜீனியா , ஜிம் வோல்க் , பரிமாற்றம் தரகு , ஷெநந்டோஆ தொலைத்தொடர்பு நிறுவனம் , எங்களுக்கு இன்க் , ஷெநந்டோஆ தொலைத்தொடர்பு நிறுவனம் ஷெண்டல் ,

Shenandoah Telecommunications Company Announces Expected Use of Proceeds from $1.95 billion Sale of Wireless Assets and Operations to T-Mobile


 
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. ....

United States , West Virginia , Jim Volk , Exchange Commission , Shenandoah Telecommunications Company , Us Inc , Shenandoah Telecommunications Company Shentel , Shenandoah Telecommunications , Company Provides , Company Provides Preliminary , Telecommunications Company , Shentel Wireless , Glo Fiber , Unaudited Financial Results , Ending December , Investor Relations , Mid Atlantic United , Vice President , ஒன்றுபட்டது மாநிலங்களில் , மேற்கு வர்ஜீனியா , ஜிம் வோல்க் , பரிமாற்றம் தரகு , ஷெநந்டோஆ தொலைத்தொடர்பு நிறுவனம் , எங்களுக்கு இன்க் , ஷெநந்டோஆ தொலைத்தொடர்பு நிறுவனம் ஷெண்டல் , ஷெநந்டோஆ தொலைத்தொடர்பு ,