- NTELOS' (NTLS -34.1%) decision to commence "an orderly exit" from Eastern Virginia isn't going over well with investors.
- As of Sep. 30, Eastern Virginia accounted for 50% of NTELOS' covered POPs, 31% of its cell sites, and 41% of its retail subs. However, all of the company's 2014 billed Sprint agreement revenue of $115.4M came from West Virginia and western Virginia.
- The carrier is now guiding for 2015 adjusted EBITDA of $100M-$108M, down from an expected $128M-$132M in 2014. It's "exploring potential opportunities to monetize other non-core assets, including the sale of owned towers and undeployed spectrum."