US telco Shenandoah Telecommunications Company (Shentel) has completed the acquisition of all of the cable assets of Jet Broadband for US$148m.
Jet’s cable operations were centred on West Virginia and cover at least 115,000 households. The transaction…
US telco Shenandoah Telecommunications Company (Shentel) has completed the acquisition of all of the cable assets of Jet Broadband for US$148m.
Jet’s cable operations were centred on West Virginia and cover at least 115,000 households. The transaction was financed with a US$248m loan arranged by Co-Bank, BB&T, ACB and Wells Fargo with the participation of 15 other banks. Shentel also announced that it will invest US$33m in the next 24 months in the network to upgrade it and offer video, HD, DVR, faster Internet speed and voice services.
Waller Capital Partners advised Jet Broadband while Lazard Freres advised Shentel.
