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Stock impact report

Shenandoah Telecommunications Company Completes Acquisition of Horizon Telcom [Yahoo! Finance]

GCM Grosvenor Inc. - Class A (GCMG) 
Company Research Source: Yahoo! Finance
the completion of its acquisition of Horizon Acquisition Parent LLC (“Horizon” or “Horizon Telcom”). Horizon is a leading commercial fiber provider in Ohio and adjacent states serving national wireless providers, carriers, enterprises, and government, education and healthcare customers. Horizon's unique fiber network is the largest and most dense network across its footprint, and the combined company will have approximately 15,400 fiber route miles across seven adjacent states. Shentel plans to re-brand the Horizon commercial and residential fiber businesses to Glo Fiber. “We are excited to expand into Ohio and Indiana, roughly doubling the size of our commercial fiber business, adding new Glo Fiber greenfield fiber-to-the-home (“FTTH”) expansion markets, and now reaching approximately 250,000 total combined company fiber passings. With our expansion into Ohio, we expect to pass approximately 600,000 total homes and businesses with Glo Fiber by the end of 2026,” said Shentel's Pre Show less Read more
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