Sprint wholesale partner Shenandoah Telecommunications Company (Shentel) closed on its acquisition of nTelos and said it will invest $350 million to upgrade to LTE and build out its network.
Sprint wholesale partner Shenandoah Communications posted $13.9 million in net income in the first quarter, marking a year-over-year increase of 35 percent. But its cable and wireline business drove the lion's share of its revenues.
Shentel's wireline network success in the first quarter, which contributed to the provider's net income rise of 35 percent year over year to $13.9 million, was driven by fiber sales to schools via the FCC's E-Rate program and to wireless operators in its region.
Sprint wholesale partner nTelos posted 20,000 net subscriber adds in the full-year 2015, and reported $87.6 million in revenue during the fourth quarter of 2015, down from $96.7 million during the same period in 2014.
Shentel continues to find gold in selling wholesale fiber services to enterprise and carrier customers in its serving area, a trend that continued into the fourth quarter as total sales for the year rose 22 percent to $22 million.
Shentel is expanding its fiber network in parts of four states, enabling the provider to pursue a mix of dark and lit fiber-based services for business and wholesale wireless customers.
Shenandoah Telecommunications Company (Shentel) has entered an agreement to purchase West Virginia's Colane Cable TV for $2.4 million.
Shenandoah Telecommunications Company (Shentel) is the latest NCTC member company to pipe up about stalled carriage renewal talks with AMC Networks, accusing the programmer of seeking an excessive 379 percent fee increase over its current contract.
Shentel's wireline network continues to see gains from its wholesale fiber services business with $7.1 million in third-quarter sales. The service provider said that it has strong customer interest for its fiber network services.
As the second quarter earnings season comes to a close, FierceWireless is ranking the nation's top wireless carriers in terms of subscribers, revenues, ARPU, churn and more. And perhaps the most notable element in this quarter's ranking is the fact that T-Mobile US has handily passed Sprint to become the nation's third largest wireless network operator with a total of almost 59 million customers.