Shenandoah Telecommunications to sell tower portfolio for $310 million [Seeking Alpha]
Shenandoah Telecommunications Co (SHEN)
Last shenandoah telecommunications co earnings: 4/30 06:00 am
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US:NASDAQ Investor Relations:
investor.shentel.com
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Source: Seeking Alpha
Shenandoah Telecommunications ( SHEN ) expects an initial closing in March 2024, and expects to pay up to $10 million in 2024 income taxes as a result of the gain on the sale after utilization of net operating loss carryforwards. The Shentel Tower Portfolio being sold consists of 226 tower portfolio sites and generated $18.6 million in revenue, $9.5 million of operating income and $11.6 million of Adjusted EBITDA in 2023. “The proceeds from the sale of our Tower business will provide Shentel with additional growth capital to support the planned expansion of our Glo Fiber line of business to approximately 600,000 homes and business passings by the end of 2026," said Shentel's President and CEO, Christopher E. French. Recommended For You Recommended For You About SHEN Stock Related Stocks Trending Analysis Trending News
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SHEN
News
- Shenandoah Telecommunications (NASDAQ: SHEN) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $26.00 price target on the stock.MarketBeat
- Shenandoah Telecommunications Company (NASDAQ:SHEN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Shenandoah Telecommunications First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Shenandoah Telecommunications Company Reports First Quarter 2024 ResultsGlobeNewswire
- Shenandoah Telecommunications Q1 Earnings Preview [Seeking Alpha]Seeking Alpha
SHEN
Earnings
- 5/3/24 - Beat
SHEN
Sec Filings
- 5/3/24 - Form S-8
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 8-K
- SHEN's page on the SEC website