U.S. Markets closed

Blog Exposure - Shenandoah Telecommunications Reports Expansion of Affiliate Partnership with Sprint, Set to Expand its Affiliate Service Territory

Stock Monitor: Chunghwa Telecom Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 07, 2018 / Active-Investors.com has just released a free research report on Shenandoah Telecommunications Co. (NASDAQ: SHEN) ("Shentel"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SHEN as the Company’s latest news hit the wire. On February 05, 2018, the Company, which is a leading telecommunication services provider through its operating subsidiaries, announced an expansion agreement, pursuant to which, it closed a transaction to further expand its relationship with Sprint, effective February 01, 2018. Shentel signed the expansion agreement to expand its affiliate service territory, adding a population (POPs) of about 1.1 million in Lancaster County, Pennsylvania, central Virginia, southern West Virginia, and eastern Kentucky with the opportunity to add an additional 200 thousand POPs in eastern Kentucky. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for Chunghwa Telecom Co., Ltd. (NYSE: CHT), which also belongs to the Technology sector as the Company Shenandoah Telecommunications. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Shenandoah Telecommunications most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


The Agreement

The latest expansion drive, according to Shentel, would enable it to have the authorization to serve over 7 million POPs in the mid-Atlantic area as a Sprint’s PCS Affiliate. Shentel has offered a compensation of $65 million, in exchange of which, it would have the right to serve the expanded affiliate service territory and would acquire about 105 cell sites, with about 67,000 Sprint’s postpaid and prepaid subscribers in the expansion area becoming Sprint’s branded affiliate customers managed by Shentel. The Company has additionally committed to spend about $56 million over the next three years to expand and improve coverage in the expanded affiliate service territory.

The expansion, according to Shentel, would enable it to create additional value for its shareholders and enable the Company to build networks that would improve coverage between the current service areas and Sprint’s metro networks, delivering an enhanced experience for both Sprint and Sprint’s customers managed by Shentel.

Prior to the announcement, on March 15, 2017, Shentel announced that it amended its Affiliate Agreement with Sprint to expand its affiliate service territory, adding about 500 thousand additional POPs in the Parkersburg, West Virginia; Huntington, West Virginia; and Cumberland, Maryland, basic trading areas. Post the expansion, Shentel would have authorization to serve over 6 million POPs in the mid-Atlantic area as a Sprint PCS Affiliate. Moreover, Shentel agreed to spend about $32 million over the next three years to upgrade and expand the existing network coverage in the areas. Shentel stated that once the expansion was complete, it would open multiple retail locations in the new area.

Company Growth Prospects

On January 23, 2018, Shentel announced its Q4 2017 and full-year 2017 results where it stated that 2017 concluded with about 0.74 million wireless postpaid Sprint subscribers, advancing 8,643 connections in Q4 2017, and an increase of 14,035 connections in full-year 2017.

During Q4 2017, the Company added 21,955 gross postpaid connections in Shentel legacy area, while 29,487 connections were added in the former nTelos area. The Company further added that the expansion of the coverage in the former nTelos area continued, with over 60% of the planned expansion sites completed by the end of full-year 2017.

Stock Performance Snapshot

February 06, 2018 - At Tuesday’s closing bell, Shenandoah Telecommunications’ stock climbed 1.63%, ending the trading session at $31.20.

Volume traded for the day: 192.16 thousand shares, which was above the 3-month average volume of 127.69 thousand shares.

Stock performance in the past twelve-month period – up 16.42%

After yesterday’s close, Shenandoah Telecommunications’ market cap was at $1.58 billion.

Price to Earnings (P/E) ratio was at 278.57.

The stock has a dividend yield of 0.83%.

The stock is part of the Technology sector, categorized under the Telecom Services - Domestic industry. This sector was up 2.0% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors