Shenandoah Telecommunications Company (NASDAQ:SHEN) Files An 8-K Other Events
ITEM 8.01.
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Other Events.
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Company) issued a press release announcing the closing of a
previously disclosed transaction to expand its relationship with
Sprint Corporation (Sprint), to which the Companys affiliate
service territory was expanded to include certain areas in
Kentucky, Maryland, Ohio and West Virginia (the Expansion Area).
The transaction was consummated to the terms of Addendum XX to
the Sprint PCS Management Agreement (the Affiliate Addendum),
dated as of March 9, 2017, among Shenandoah Personal
Communications, LLC (SPC), a wholly-owned subsidiary of 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, and a related agreement among SPC, Spectrum and Horizon
to, among other things, transfer to Spectrum 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.
Current Report on Form 8-K filed on March 15, 2017, and the full
text of the Affiliate Addendum was filed as Exhibit 10.1 thereto.
A copy of the press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by
reference.
| ITEM 9.01. |
Financial Statements and Exhibits.
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Exhibit
No.
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Description of Exhibit
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99.1
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Shenandoah Telecommunications Company Press Release, dated
April 6, 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 down -0.30 at 28.55 with 276,936 shares trading hands.
