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.
Shentel has made some changes to its top management team, promoting three executives to new positions following its recent purchase of nTelos.
Mid-Atlantic telecommunications company Shentel said it will purchase nTelos for approximately $640 million in a move the company said will improve its fiber and cable holdings.
Sprint wholesale partner Shenandoah Telecommunications, better known as Shentel, is buying fellow Sprint wholesale partner nTelos Wireless in a deal valued at around $640 million, including net debt. There had been speculation since May that such a deal would come to pass, and nTelos had been reviewing strategic alternatives.
Shentel reported that second-quarter carrier access and fiber revenue for the quarter was $10.2 million, a 5.3 percent increase from $9.6 million for the same quarter last year, due to growth in new fiber contracts driven mainly by the cable segment.
The second-quarter 2015 earnings reporting season has begun, and FierceTelecom is tracking how key players in the wireline telecom industry performed. Check here throughout the reporting season for updates on providers, vendors and integrators in this segment.
How are the largest U.S. carriers faring on key metrics like subscribers, revenue and ARPU? The following charts the top U.S. wireless carriers in the first quarter of 2015 by subscriber base, according to research firm Strategy Analytics. Special report
The following charts the top U.S. wireless carriers in the first quarter of 2015 by subscriber base, according to research firm Strategy Analytics, and includes major metrics--such as churn, ARPU and revenue--of each carrier. The subscriber figures include both retail and wholesale customers.
The CEO of regional carrier and Sprint wholesale partner nTelos Wireless declined to discuss speculation that nTelos will be taken over by peer Shenandoah Telecommunications (better known as Shentel). However, nTelos CEO Rodney Dir last week said that the company's board is focused on improving shareholder value and potential strategic opportunities.