Shentel completes nTelos acquisition
Shenandoah Telecommunications Company announced Monday it has completed its acquisition of nTelos Inc., a transaction that Shentel executives say will not affect the company’s cable or Internet customers in the area.
The acquisition, first disclosed in August, took effect Friday after boards of directors of the three companies involved – Shentel, nTelos and Sprint – had approved it. The Federal Communications Commission also had to approve the transfer of licenses from nTelos to Shentel.
NTELOS Holdings Corp., based in Waynesboro, is a wireless communications service provider in parts of Virginia, West Virginia, Maryland, North Carolina, Ohio, Pennsylvania and Kentucky.
Edinburg-based Shentel has subsidiaries that provide local and long distance telephones, Internet and data services, cable television, wireless voice and data services, alarm monitoring and telecommunications equipment through the mid-Atlantic and southeastern United States.
Willy Pirtle, Shentel senior vice president of marketing and sales, said the acquisition will benefit customers of nTelos, whose service area runs from Charlottesville west through the Harrisonburg area, southwestern Virginia and West Virginia.
“None of our customers will be disadvantaged or receive higher prices,” Pirtle said.
Company executives said that Shentel’s Sprint-affiliated 4G LTE network will have expanded coverage throughout the Shenandoah Valley and the state as a result of the acquisition. Customers of nTelos will have free access to the Sprint 4G LTE roaming network.
Christopher E. French, president and CEO of Shentel, said in a written statement the company plans improvements to networks that will provide customers in the nTelos region with more coverage, stronger signals and faster downloads.
“We have committed to invest approximately $350 million as part of the expansion of the network and plan to add hundreds of additional coverage sites to provide an enhanced and more complete network for our customers,” French said.
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