- NTELOS Holdings (NASDAQ:NTLS) announces says it will focus exclusively on markets in West Virginia and the west part of Virginia.
- The company plans an exit from eastern Virginia as part of the geographic tightening and will sell a wireless spectrum license to T-Mobile for $56M.
- Closedown costs of close to $55M are expected as NTELOS winds down the business in eastern Virginia.
- Previous full-year EBITDA guidance is reiterated.