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Shenandoah Telecommunications agrees to acquire nTelos

2015-08-11 13:52:50| IT Services - Topix.net

Financial terms of the sale weren't disclosed. As part of the acquisition, Shenandoah Telecommunications will acquire all stock and operations of nTelos, including wireless network assets, retail stores and subscriber accounts.

Tags: telecommunications acquire agrees shenandoah

 

Sprint affiliate Shentel to buy Ntelos for USD 640 mln

2015-08-11 08:59:00| Telecompaper Headlines

(Telecompaper) Shenandoah Telecommunications (Shentel) has entered into a definitive agreement to acquire fellow US regional mobile operator Ntelos for approximately USD 640 million in cash. Shentel will assume Ntelos's net debt, which stood at USD 431 million at the end of June, adjusted for its expected obligations from winding down its Eastern Markets division in November. Ntelos shareholders will receive around USD 208 million in cash, or USD 9.25 per share, an approximately 60 percent premium over the last 30 days. The purchase will be financed with an expanded credit facility. The 'nTelos Wireless' brand will be discontinued in favour of Sprint, with which Shentel has concurrently extended its affiliate relationship. Ntelos's 297,500 retail customers in its Western Markets, (parts of Virginia, West Virgina, Maryland, North Carolina, Pennsylvania, Ohio, Kentucky) will use the Sprint branded service. Shentel will continue to upgrade the nTelos network to 4G LTE and expand coverage in the areas with at least an additional 150 sites over the next three years, using spectrum acquired by Sprint and made available to Shentel as part of the transaction.

Tags: buy usd affiliate sprint

 
 

nTelos customers move to Sprint via $640m Shentel deal

2015-08-11 02:00:00| Total Telecom industry news

Shentel amends partnership deal with Sprint, nTelos brand to disappear when takeover closes next year.

Tags: move deal customers sprint

 

Ntelos to sell Eastern Va. licenses to T-Mobile

2014-12-03 00:35:38| Telecom - Topix.net

Ntelos plans to sell its licenses covering markets in Eastern Virginia to T-Mobile for about $56 million in cash. The Waynesboro-based regional cellphone company announced the sale on Tuesday .

Tags: sell eastern licenses tmobile

 

Ntelos to sell spectrum to T-Mobile

2014-12-02 14:02:00| Telecompaper Headlines

(Telecompaper) Sprint affiliate operator Ntelos announced plans to narrow its focus and sell part of its spectrum holdings to T-Mobile US. Following a strategic review, the mobile operator has decided to focus on West Virginia and the western part of Virginia where its market presence is strongest and exit the eastern Virginia market. Its 1,900 MHz band spectrum in the Hampton Roads/Norfolk and Richmond markets will be sold to T-mobile for USD 50.6 million cash. Pending FCC approval, the transaction is expected to close in April 2015. Ntelos will wind down its network and retail operations in its eastern markets over the next year and transition its subscribers to another, unnamed carrier. The shutdown is expected to cost around USD 55 million. In the western markets, Ntelos plans to strengthen its position with the expansion of LTE services, improved retail performance and enhanced service capabilities. The western markets already represent 59 percent of its customers and 69 percent of its cell sites. In addition, Ntelos said it's exploring potential opportunities to monetize other non-core assets, including the sale of owned towers and undeployed spectrum. 

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