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Sprint partner closes NTelos deal, plans to invest US$350m in network

Connectivity BusinessbyConnectivity Business
May 9, 2016
in Investments, Space Services, Strategy and Markets
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Sprint affiliate Shenandoah Telecommunications (Shentel) has completed its acquisition of regional wireless carrier NTelos for some US$640m, including debt. Shentel has committed to invest about US$350m in NTelos’ network expansion and plans to add hundreds of additional coverage sites, according to president and CEO Christopher French.  Sprint (NYSE:S) affiliate Shenandoah Telecommunications (Shentel) (NASDAQ:SHEN) has completed its acquisition of regional wireless carrier NTelos […]

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Tags: Mayer BrownMoelis & CompanyNorth AmericaNtelos Holdings CorporationPremiumShentelSprint CorporationStephens IncTF245UBS
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