Shenandoah Telecommunications CoNASDAQ
Mon, Nov. 7, 7:05 AM
Tue, Oct. 18, 10:28 AM
Tue, Aug. 16, 3:00 PM
Fri, Aug. 5, 6:52 PM
- After it hit a 52-week high just a few weeks ago, Shenandoah Telecommunications (NASDAQ:SHEN) slid 14.7% today as it swung to a surprising loss in Q2 earnings.
- Revenue gains of 52% came almost entirely due to its acquisition of NTELOS Holdings, wrapped on May 6.
- OIBDA was up 48.5% to $55.9M but missed an expected $66M.
- The company acquired some 404,000 postpaid customers and 155,000 prepaid customers from NTELOS and Sprint.
- Revenue by segment: Wireless, $94.3M (up 78.2%); Cable, $26.4M (up 9.3%); Wireline, $18.6M (up 12.9%).
- Press Release
Fri, Aug. 5, 7:08 AM
Mon, Jul. 25, 6:48 PM
- The telecom sector has usually offered investors some solid dividend payers, but a separation in network quality between the top and smaller competitors is putting some dividends at risk.
- Three regional telecoms make Roger Conrad's "Endangered Dividends List" -- CenturyLink (NYSE:CTL), Windstream Holdings (NASDAQ:WIN) and Communications Sales & Leasing (NASDAQ:CSAL). They've got cash flow to cover payouts now, but profit margins keep shrinking.
- Windstream had effectively slashed its dividend nearly a year ago with the spinoff of CSAL, he says, and CenturyLink gave investors a 25%-plus haircut three years ago.
- Only five of 22 telecoms he looked at pay a higher dividend today than they did five years ago: AT&T (NYSE:T), Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), Shenandoah Telecommunications (NASDAQ:SHEN), and Telephone & Data Systems (NYSE:TDS).
- CenturyLink might be first to make a cut, he says, as it's rolling over $1.35B in debt this year and faces heavy annual maturities from 2020-2025.
Fri, Apr. 29, 7:04 AM
- Shenandoah (NASDAQ:SHEN): Q1 EPS of $0.28 beats by $0.04.
- Revenue of $92.57M (+9.8% Y/Y) beats by $2.83M.
Fri, Apr. 15, 7:35 PM
- Shenandoah Telecommunications (SHEN +0.4%) says the FCC has approved its $640M proposal to acquire NTELOS Holdings (NTLS +0.2%), clearing the way for the transaction to close within the next few weeks.
- The deal will more than double Shentel's wireless customer base, while firming up its relationship with Sprint, which helped engineer a complicated three-way transaction regarding spectrum management fees and Sprint branding.
- Shentel and NTELOS had extended the outside date of their merger agreement in February, from the end of that month to June 28, to allow the FCC to act.
- SHEN and NTLS were flat in after-hours trading today.
- Now read Shenandoah: Sizeable Upside With Increased Scale From A Lucrative Acquisition »
Mon, Mar. 14, 2:17 PM
- While it awaits its last approval by the FCC on a merger with Shenandoah Telecommunications (SHEN -0.7%), NTELOS Holdings (NTLS -0.2%) logged a Q4 revenue miss and EBITDA that fell 26%.
- For the year, the company added 20,000 net subscribers (vs. net adds in 2014 of 14,600), to bring its total to 302,000 subscribers, 233,300 of which are postpaid.
- Postpaid churn for Q4 was 2.2%, flat Y/Y but up from Q3's 1.9%. ABPU of $57.83 was down from the prior year's $59.35.
- About 40% of postpaid subs were on equipment installment plans at year-end, and about 70% of covered POPs have access to the company's LTE network.
Fri, Feb. 26, 5:44 PM
- In an 8-K, NTELOS (NTLS -0.2%) says that the outside date of its merger agreement with Shenandoah Telecommunications (SHEN -2.8%) is being extended from Monday (Feb. 29) out to June 28.
- That's to allow time for an FCC approval that hasn't yet arrived. The company says many of a number of merger conditions have been satisfied, including shareholder OK, approval by state regulatory agencies, and expiration of the Hart-Scott-Rodino waiting period.
- NTELOS says it expects the merger to close as soon as practical following an FCC order approving the deal.
Fri, Feb. 26, 7:07 AM
- Shenandoah (NASDAQ:SHEN): Q4 EPS of $0.24 beats by $0.03.
- Revenue of $87.29M (+5.4% Y/Y) misses by $4.05M.
Fri, Jan. 29, 12:59 PM
- Shenandoah Telecommunications (NASDAQ:SHEN) is up 4.6% to its highest point in nearly two months as BWS Financial initiates shares at a Buy rating.
- That adds a Buy recommendation to another two among the few firms covering the regional telecom. FBR reiterated its Outperform rating in the fall, and Raymond James shares a similar recommendation.
- In addition, a 13G filing shows that among BlackRock's reports of telecom holdings this week, the firm has a 7.3% stake in Shentel.
Mon, Jan. 4, 6:38 PM
- Shenandoah Telecommunications (SHEN -4.1%) is acquiring small West Virginia provider Colane Cable for $2.4M.
- Shentel promises it will upgrade Colane's customers -- who receive cable, telephone and high-speed Internet -- with faster broadband, more HD channels and improved phone service.
- The two expect to close the deal this quarter.
Dec. 23, 2015, 9:26 AM
- NTELOS (NASDAQ:NTLS), en route to a merger with Shenandoah Telecommunications (NASDAQ:SHEN), has made arrangements to have its CEO Rodney Dir continue in that role as an independent contractor until the end of 2016.
- He'll report directly to the board and receive $446,250/year, with a merger bonus of $325,000 and a "phantom stock award" valued at $531,250 vesting over a three-year period through the merger date, as well as a housing allowance.
- The deal has a $100K severance as well.
Oct. 30, 2015, 8:20 PM
- Shenandoah Telecommunications (NASDAQ:SHEN) finished today up 1% as its Q3 report showed phone subscribers grew substantially and OIBDA increased more than 10% though EPS and revenues missed slightly.
- Adjusted OIBDA of $36.8M beat an expected $36M.
- Revenue by segment: Wireless, $51.6M (down 1%); Cable, $24.4M (up 16.2%); Wireline, $17.3M (up 8.5%).
- Average postpaid wireless subscribers grew 7.2%, though wireless services revenue declined 0.5% as postpaid customer moved to cheaper plans associated with installment handset buying. Cable revenue generating units (voice, data, video) grew 3% to total 125,182.
Oct. 30, 2015, 7:10 AM
- Shenandoah (NASDAQ:SHEN): Q3 EPS of $0.33 misses by $0.09.
- Revenue of $85.21M (+3.6% Y/Y) misses by $2.08M.