Shentel

Shenandoah Telecommunications Company (Shentel), a leading broadband service provider, is pleased to announce the completion of its Virginia Telecommunications Initiative project to expand gigabit broadband internet service to more than 4,900 previously unserved homes in Bedford County (VA). The $24 million construction project was partly funded by the nationally recognized VATI program, administered by the Virginia Department of Housing and Community Development. Additional funding was provided through Shentel’s own capital investment and a contribution from Bedford County.

Shenandoah Telecommunications Company (Shentel) announced it has entered into a definitive agreement to acquire 100 percent of the equity interests in Horizon Telecom for $385 million. Consideration will consist of $305 million in cash and $80 million of Shentel common stock. Horizon is a leading commercial fiber provider in Ohio and adjacent states serving national wireless providers, carriers, enterprises, and government, education and healthcare customers.