Shenandoah Telecommunications Company (NASDAQ:SHEN) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01.
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Entry into a Material Definitive Agreement.
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(SPC), a wholly-owned subsidiary of Shenandoah
Telecommunications Company (the Company), and Sprint
Spectrum L.P. (Spectrum), Sprint Communications Company,
L.P., SprintCom, Inc. and Horizon Personal Communications, LLC
(Horizon), each an affiliate of Sprint Corporation
(collectively, Sprint), amended the Sprint PCS Management
Agreement and the Sprint PCS Services Agreement (collectively,
the Affiliate Agreements) by entering into Addendum XX to
the Sprint PCS Management Agreement (the Affiliate
Addendum). The Affiliate Addendum provides for (i) an
expansion of SPCs Service Area (as defined in the Sprint PCS
Management Agreement) to include certain areas in Kentucky,
Maryland, Ohio and West Virginia (the Expansion Area),
(ii) certain network build out requirements in the Expansion Area
over the next three years, (iii) SPCs provision of prepaid field
sales support to Sprint and its affiliates in the Service Area,
(iv) Sprints provision of spectrum use to SPC in the Expansion
Area, (v) the addition of Horizon as a party to the Affiliate
Agreements and (vi) certain other amendments to the Affiliate
Agreements.
to be complete and is qualified in its entirety by the full text
of the Affiliate Addendum, which is attached to this Current
Report on Form 8-K as Exhibit 10.1 and incorporated herein by
reference.
| ITEM 7.01. |
Regulation FD Disclosure.
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its expanded relationship with Sprint. A copy of the press
release is attached to this Current Report on Form 8-K as Exhibit
99.1 and is incorporated herein by reference.
information in this Item 7.01, including Exhibit 99.1, shall not
be deemed filed for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section. The information in this Item 7.01
shall not be incorporated by reference into any filing or other
document to the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such filing
or document.
| ITEM 8.01. |
Other Events.
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described under Item 1.01 of this Current Report on Form 8-K, on
March 9, 2017, SPC, Spectrum and Horizon entered into an
agreement to, among other things, transfer to Sprint certain
customers in the Expansion Area and the underlying customer
agreements and transition the provision of network coverage in
the Expansion Area from Sprint to SPC. The completion of the
transfer of customers in the Expansion Area is expected to occur
during the second quarter of 2017.
| ITEM 9.01. |
Financial Statements and Exhibits.
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Exhibit
No.
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Description of Exhibit
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10.1
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Addendum XX to Sprint PCS Management Agreement, dated as of
March 9, 2017, by and among Shenandoah Personal Communications, LLC, Sprint Spectrum L.P., Sprint Communications Company, L.P., SprintCom, Inc. and Horizon Personal Communications, LLC. |
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99.1
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Shenandoah Telecommunications Company Press Release, dated
March 15, 2017. |
About Shenandoah Telecommunications Company (NASDAQ:SHEN)
Shenandoah Telecommunications Company is a telecommunications holding company. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers. Its segments include Wireless, which provides digital wireless service to a portion of over four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia; Cable segment, which provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland, and leases fiber optic facilities throughout its service area; Wireline segment, which provides regulated and unregulated voice services, digital subscriber lines Internet access and long distance access services throughout Shenandoah county, and Other segment, which includes operations of the Company. Its subsidiaries include NTELOS Holdings Corp. and Shenandoah Personal Communications, LLC. Shenandoah Telecommunications Company (NASDAQ:SHEN) Recent Trading Information
Shenandoah Telecommunications Company (NASDAQ:SHEN) closed its last trading session up +0.70 at 27.35 with 118,120 shares trading hands.