Shentel continued to find gold in its fiber lease segment as revenues rose 15.7 percent year-over-year to $8.1 million, helping to offset declines in legacy voice and drive up overall wireline revenues.
Shentel reported that its wireline segment operating income was $3.8 million, down both sequentially and year-over-year from $4.4 million in the first quarter of 2014 and $4 million in the second quarter of 2013 due to expected legacy declines.
Mid-Atlantic telecom service provider Shenandoah Telecommunications lost 1,864 video customers year-over-year in the first quarter of 2014 and 44 between end of fourth quarter 2013 and the end of the first quarter 2014, but still reported an overall gain in revenue generating units when it announced first quarter earnings.
Shentel reported that its first-quarter 2014 fiber lease revenue was $8.1 million, up year-over-year from $6.5 million in the same period a year ago. Out of that mix, the telco reported $4.2 million in affiliate and $3.9 million in non-affiliate fiber lease revenue.
Shentel continued to see strong wireline fiber lease sales as affiliate and non-affiliate revenue rose collectively year-over-year to $21.8 million, up from $21.2 million in the fourth quarter of 2012.
Shentel reported that operating revenue for its wireline segment in the third quarter was flat at $3.3 million vs. $3.4 million a year ago. But broadband access and fiber leasing were two bright spots in the telco's wireline and cable segments.
Sprint regional affiliate Shenandoah Telecommunications (Shentel) has reorganized its management team to better focus on three lines of business--wireless, wireline and cable. William Pirtle has been named vice president of wireless and will oversee the company's wireless marekting, sales, network operations, site acquisition and tower leasing.
Shentel has realigned its management team into three business lines--wireless, cable and wireline--as a way to sharpen its focus and meet its customer needs.
Shentel, a regional rural telco serving Shenandoah Valley of Virginia and surrounding areas, has updated its existing DWDM network to support 100G speeds for customers that reside in Virginia, West Virginia and Maryland.
Shentel may be placing more emphasis on growing its cable and wireless segments, but the telco reported that Q2 2013 wireline fiber sales rose 7.4 percent year-over-year to $5.6 million.